Malaysian company Proton has reduced car prices of its 1270cc sedan Saga and 1500cc turbocharged X70 crossover SUV following reduction in duty and tax.
On July 7th, the government launched the New Auto Policy (2021-2016). Right after, Pakistani automakers evaluated the new policy’s tax reductions and cut their automobile pricing. Toyota was first, followed by Suzuki, Kia, Hyundai, Changan, and other manufacturers.
The ceremony took more than a week for Proton Pakistan to evaluate and implement the changes. However, the prices of the Proton Saga and Proton X70 have been updated.
New Proton Prices
On cars with a displacement of 1001-2000cc, the Federal Excise Duty (FED) has been reduced to 2.5 percent from 5%, and the Additional Customs Duty (ACD) has been reduced to 2% from 5%. Proton has reduced the costs of all three Saga models by Rs. 50,000 as a result of the tax reduction.
The pricing of the Proton Saga Standard Manual model has been reduced from Rs. 1,975,000 to Rs. 1,925,000.
The pricing of the Proton Saga Standard Automatic model has been reduced from Rs. 2,125,000 to Rs. 2,075,000.
The pricing of the Proton Saga Ace model has been reduced from Rs. 2,225,000 to Rs. 2,175,000.
Proton has reduced the prices of both X70 models by Rs. 100,000 using the same tax exemption of 2.5 percent FED and 2 percent ACD.
The new Proton X70 Premium FWD price is Rs. 4,890,000, which is lower than the previous price of Rs. 4,990,000.
The new Proton X70 Executive AWD price is Rs. 4,590,000, which is lower than the previous price of Rs. 4,690,000.