Overview
The great news has come, car prices are expected to reduce after the new Auto Policy (2021-2026). According to the source, Federal Excise Duty (FED) on all cars will be decreased by 2.5%. after decreasing the FED the prices of 1000cc cars will be down. This is something great news for 1000cc cars buyers. Previously automakers increased the prices after the increase in FED by the authorities. The sale of locally manufactured vehicles declined badly in the last few years. The reduction in prices will be a good hope for people who are willing to buy 1000cc cars.
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1000CC Cars
1000cc cars are very popular in Pakistan because these are fuel-efficient and easy to buy for low-income persons. Now this will be great news for the customers who never purchase 1000cc cars after increasing in their prices.
Suzuki Wagon R
Suzuki Wagon R is the most popular 1000cc car in Pakistan. The car is a sale on high demand because of its performance and features. Suzuki has offered three different variants of Wagon R:
- Wagon R VXL
- Wagon R VXR
- Wagon R AGS
The prices of all variants will be reduced after reducing the FED tax.
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Suzuki Cultus
Suzuki offers small cars in Pakistan because the demand for low prices fuel-efficient vehicles is high in our country. These vehicles are easy to drive in the rush area. Suzuki has offer three variants of Cultus at different price tags:
- Cultus VXL
- Cultus VXR
- Cultus AGS
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Changan Karvaan
The base model of Changan Karvaan is Multi-Purpose Vehicle (MPV) that is 1.0. The price of this vehicle will also decline.
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KIA Picanto
KIA Picanto is a small hatchback car for 5 persons. The reduction in FED will be a great effect on the price of Picanto 1000cc.
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Price Chart
Here are the current prices, differences and expected reduced price of above mention 1000cc cars:
| Vehicle Name | Current Price (Ex-Factory) | Difference | Expected Price (Ex-Factory) |
| Changan Karvaan Base Model 1.0 | 1,490,000 | 35,477 | 1,454,523 |
| Cultus AGS | 2,130,000 | 51,951 | 2,078,049 |
| Cultus VXL | 1,970,000 | 48,048 | 1,921,952 |
| Cultus VXR | 1,780,000 | 43,414 | 1,736,586 |
| KIA Picanto 1.0 A/T | 2,049,000 | 49,791 | 1,999,209 |
| Suzuki Wagon R AGS | 1,890,000 | 46,097 | 1,843,903 |
| Suzuki Wagon R VXL | 1,730,000 | 42,195 | 1,687,805 |
| Suzuki Wagon R VXR | 1,640,000 | 40,000 | 1,600,000 |
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Conclusion
The reduction in car prices will be good hope of increasing cars sale. Pakistan’s auto manufacturing industry is growing very fast. Under the Auto Policy (2016-2021) multiple foreign automakers start working in Pakistan. The great competition between vehicle manufacturers gives the great results of sales and prices.
