For the second time within one week, Hyundai Nishat Motors Private Limited (HNMPL), an automotive company, has officially raised the cost of its vehicles. After the price hike of up to Rs. 750,000 PKR for the cheapest car in Hyundai’s Lineup that costs almost Rs. 6.6 million.
Effective as of 17 March, the new Prices of Hyundai cars are now as follows:
| Models | Old Price (Rs.) | New Price (Rs.) | Increase(Rs.) |
| Tucson GLS Sports
FWD | 8,030,000 | 8,230,000 | 200,000 |
| Tucson Ultimate
AWD |
8,659,000 | 8,859,000 | 200,000 |
| Elantra GL 1.6 | 6,199,000 | 6,599,000 | 400,000 |
| Elantra GLS 2.0 | 6,730,000 | 7,130,000 | 400,000 |
| Sonata 2.0 | 9,679,000 | 10,329,000 | 650,000 |
| Sonata 2.5 | 10,530,000 | 11,280,000 | 750,000 |
The latest car price hike that comes from Hyundai on date March 13, has a following 7 percent increase in General Sales Tax (GST) for the crossovers, and Cars with 1400cc engines or larger. The new price hike has come out of nowhere, with the company citing no reason.
Despite the price hikes, The Motor Co, and Hyundai are seen to be holding their own in terms of their car sales. In February, (HNMPL) Hyundai Nishat Motors Private Limited sold respectable 1271 cars. With recording an 11 percent month-on-month increase in sales.
Once again the Company’s Hyundai Tucson remained front runner. However, the latest price hike might change things excessively.
