After the series of price reduction by Honda, Toyota, MG and Kia, Hyundai Nishat also announced price reduction on its SUV Tucson and sedan Elantra. With immediate effect, these are the new prices for Hyundai’s C-Segment vehicle:
|Vehicles||Old Price||Price Reduction||New Price|
|Tucson GLS Sport||5,099,000||120,000||4,979,000|
When Hyundai Nishat unveiled the Tucson SUV in Pakistan in mid-2020, it promptly raised its rates in response to a “overwhelming response” from the people. The public, understandably, was not thrilled with Hyundai’s reaction.
Hyundai Nishat, like a few other manufacturers in Pakistan, looks to benefit greatly from the new tax and duty concessions granted in the new auto policy for electric vehicles (EV) and hybrid electric vehicles (HEV).
While the aforementioned price reductions aren’t huge by any means, they constitute a welcome improvement in Pakistan’s car price trajectory. These price reductions are, hopefully, a little step in the right direction for the auto industry.
The automaker already has a number of electric and hybrid vehicles in its lineup that may be a welcome addition to the Pakistani automotive market, as they would benefit consumers, the environment, and the automaker.
Hyundai Nishat launches Sonata
Moreover, Hyundai Nishat Motor Private Limited has officially revealed its 4th CKD model Hyundai Sonata in Pakistan. The 8th Generation Luxury Sedan and HNMPL will be offered in two different variants including a 2.5L Smart Stream MPi engine at Ex-factory price of Rs 7,099,999 while the other variant comes with a 2.0L MPi engine at Ex-factory price of Rs 6,399,000.