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Report of 18 Months | Increase Car prices in Pakistan

Andleeb Sidhu by Andleeb Sidhu
August 9, 2019
in News, Pakistan Automotive
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The prices of cars increase rapidly in Pakistan and there are only two reasons behind this, the increasing dollar rate against rupee value and the high taxes government imposed on vehicles.

If we see the rupee value in 2017 its Rs. 104 against $ 1 but in the last 18 months the strength of dollar increase speedily and now dollar stand at Rs 160 against $ 1. this is a major reason for increasing car prices in Pakistan because of the local cars manufacture industry imports car parts from other countries.

On the other side, the government imposed duties and other taxes on all vehicles and its not possible for consumers to buy high prices cars this is why the sale of cars down in the country. Most of the auto manufacturers stop the production of cars for some days because of the down in sales affects their business badly.

In the last 18 months, car prices increase in Pakistan by 40%. here is the report on how much auto manufactures increase car prices.

Car December 2017 July 2019 Price Difference %
FAW V2 1,069,000 1,499,000 40.22%
FAW X-PV Dual A/C 919,000 1,174,000 27.74%
FAW X-PV Dual Standard 869,000 1,114,000 28.19%
Honda City 1.3 M/T 1,549,000 2,309,000 49.06%
Honda City 1.3 P/T 1,689,000 2,489,000 47.36%
Honda City 1.5 M/T 1,599,000 2,369,000 48.15%
Honda City 1.5 P/T 1,739,000 2,539,000 46.03%
Honda City 1.5 Aspire M/T 1,729,000 2,539,000 46.84%
Honda City 1.5 Aspire P/T 1,869,000 2,699,000 44.40%
Honda Civic 1.8 CVT 2,349,000 3,499,000 48.95%
Honda Civic 1.8 CVT Oriel 2,499,000 3,749,000 50.02%
Honda BR-V CVT 2,229,000 2,949,000 32.30%
Honda BR-V CVT-S 2,329,000 3,099,000 33.06%
Toyota Corolla 1.3 XLi 1,759,000 2,499,000 42.06%
Toyota Corolla 1.3 GLi M/T 1,889,000 2,749,000 45.52%
Toyota Corolla 1.3 GLi A/T 1,964,000 2,849,000 45.06%
Toyota Corolla 1.6 Altis 2,149,000 3,149,000 46.53%
Toyota Corolla 1.8 Altis M/T 2,224,000 3,299,000 48.33%
Toyota Corolla 1.8 Altis CVT 2,349,000 3,449,000 46.82%
Toyota Corolla 1.8 Altis Grande M/T 2,399,000 3,499,000 45.85%
Toyota Corolla 1.8 Altis Grande CVT 2,549,000 3,699,000 45.11%
Toyota Fortuner 2.7 Petrol 5,399,000 7,999,000 48.15%
Toyota Fortuner 2.8 Diesel 5,899,000 8,649,000 46.61%
Toyota Hilux Revo 2.8 V 4,649,000 6,249,000 34.41%
Toyota Hilux Revo 2.8 G M/T 4,124,000 5,599,000 35.76%
Toyota Hilux Revo 2.8 G A/T 4,349,000 5,899,000 35.64%
Suzuki Mehran VX 679,000 839,000 23.56%
Suzuki Mehran VXR 732,000 923,000 26.09%
Suzuki Ravi 672,000 941,000 40.02%
Suzuki Bolan 754,000 1,050,000 39.25%
Suzuki WagonR VXR 1,054,000 1,540,000 46.11%
Suzuki WagonR VXL 1,094,000 1,625,000 48.53%
Suzuki Cultus VXR 1,250,000 1,745,000 39.59%
Suzuki Cultus VXL 1,391,000 1,855,000 33.35%
Suzuki Cultus VXL AGS 1,528,000 1,975,000 29.25%
Suzuki Swift DLX M/T 1,327,000 1,905,000 43.55%
Suzuki Swift DLX A/T 1,463,000 2,050,000 40.10%

Still cars manufacture companies trying to increase the sales of car and enhance the production units and reach try to increase the 0.3 million units in 2021 and 0.5 million units in 2022.

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