Autos,Featured

Hyundai Increased its Cars Prices in Pakistan by up to Rs.400,000

Hyundai Increased its Cars Prices in Pakistan by up to Rs.400,000

It is the beginning of another wave of car price hike in Pakistan. Hyundai cars prices in Pakistan have increased by up to 4 lac rupees. It is the first major automobile manufacturer in Pakistan to increase the prices of its vehicle after Audi increased e-tron prices by up to Rs.3.8 crore.

Let’s find out the new prices of Hyundai Elantra and Sonata.

Hyundai Cars Prices in Pakistan

Here are the latest prices of Sonata and Elantra.

hyundai-cars-prices-in-pakistan

*It is important to note that these prices will be effective from 1st October, 2022. Old prices are applicable for orders till 30th September, 2022 with full payment. The good news is, the company haven’t increased prices of Elantra 1.6 and Tucson. So, you still have an opportunity to get them on old prices.

Why Does Price Increase Again?

Well! We all know that the Dollar rate is increasing again. Therefore the cost of raw materials for the locally assembled cars increases. Also, Fuel prices in Pakistan are increasing. All these elements are the contributing factors in the latest price hike. 

But, we must mention that Hyundai didn’t decrease its car prices when the dollar rate declined in the previous month. So, it is not justified that a company increase the prices when the dollar rate is up but don’t reduce them when the dollar rate is down. 

Post an Ad For Free

✓ Get Access to 30 Million Active Buyers

✓ Get the Best Possible Price

✓ Sell Your Car in less than 24 Hours

It is not rocket science that the effects of this car price hike are going to hurt the local consumer. However, you will find some people saying that the purchasing power of the target audience is unaffected. In reality, it isn’t the case. With the constant currency devaluation and inflation, the buying power of the majority is affected. 

Hyundai cars performed better as we discussed in the August cars sales report. But this price hike might affect their sales negatively. It is not a hidden truth that this price change might result in more people buying used cars.

You can always visit OLX Motors New Car Section to get the latest information (price, specs, features, etc.) about all the cars and compare them. 

Would you still buy a new Hyundai car or go for a used one? Tell us in the comment box.

Previous Price Increase

Hyundai Elantra Price in Pakistan

ModelOld Price (Rs)New Price (Rs)Price Difference (Rs)
Hyundai Elantra GLS 2.0L 4,998,490 5,499,000 500,510
Hyundai Elantra GL 1.6L 4,341,990 5,099,000 757,010

Hyundai Sonata Price in Pakistan

ModelOld Price (Rs)New Price (Rs)Price Difference (Rs)
Hyundai Sonata 2.0L 7,068,990 7,899,000 830,010
Hyundai Sonata 2.5L 7,927,490 8,499,000 571,510

Hyundai Tucson Price in Pakistan

ModelNew Price (Rs)
Hyundai Tucson AWD7,399,000
Hyundai Tucson FWD6,899,000

Hyundai Porter H1 Price in Pakistan

ModelOld Price (Rs)New Price (Rs)Price Difference (Rs)
Hi-Deck M/T Diesel2,949,0003,230,000281,000
Flat-Deck M/T Diesel2,929,0003,210,000281,000
Deckless M/T Diesel2,909,0003,190,000281,000

Download the OLX App Now!

Leave a Reply

Your email address will not be published. Required fields are marked *