We are sharing with you the latest update, Hyundai Nishat Motor Private Limited (HNMPL) plans to increase the prices of its sedan models next month. in light of the deteriorating economic climate. The most recent price increase is likely due to the US dollar’s rebound versus the Pakistani Rupee (PKR). Although the company hasn’t issued an official announcement in this regard. Let’s find out why are prices of Hyundai cars increasing in Pakistan.
New Prices Of Hyundai Cars:
The company raised the prices of its two sedans, the Hyundai Sonata and Elantra 2000cc (all variants). Beginning on October 1, 2022, the new prices will be in effect. The updated prices for these sedans are listed below.
1. Hyundai Elantra:
The price of Hyundai Elantra jumped over Rs. 200,000. The new price of the Elantra is Rs. 5,699,000 rupees over the ex-price of this car RS. 5,499,000.
2. Hyundai Sonata:
The Hyundai Sonata D-segment sedan comes in two variants which are as follows:
Hyundai Sonata 2.0:
The price of Hyundai Sonata 2.0 is increased by Rs. 250,000 as the new rate is RS. 8,149,000 as against the Rs. 7,899,000 ex-prices.
Hyundai Sonata 2.5:
Meanwhile, the second variant, the Sonata 2.5 revised price is Rs. 8,899,000 as the previous cost of Rs. 8,499,000. It saw Rs. 400,000 increases.
| Hyundai Vehicles | Previous Price | New Prices | Difference |
| Hyundai Elantra | RS. 5,499,000 | Rs. 5,699,000 | Rs. 200,000 |
| Hyundai Sonata 2.0 | Rs. 7,899,000 | RS. 8,149,000 | Rs. 250,000 |
| Hyundai Sonata 2.5 | Rs. 8,499,000 | Rs. 8,899,000 | Rs. 400,000 |
The company stated in its statement that due to the unstable macroeconomic conditions and input cost environment, we are forced to pass on a portion of the burden to the clients. The statement added, At HNMPL, we have endeavored to accommodate our consumers; nonetheless, given the current circumstances, we are compelled to increase pricing for selected versions.
Hyundai’s Success in August 2023:
HNMPL had a successful August 2022, witnessing strong growth in its sales. A huge increase in revenues made August 2022 beneficial for HNMPL. The company outsold Honda Atlas Cars Limited (HACL) by selling over 1,900 vehicles last month, posting an 860% Month Over Month (MOM) rise in sales.
