One after another, the wave of price hikes is damaging the Pakistani Automobile industry again. Remember the car that became popular as “Babar Azam Car”? It is BAIC BJ 40 Plus. The BAIC BJ 40 Plus price in Pakistan has increased by Rs.640,000, which is effective from March 8, 2023. This development came after the government imposed 25% GST on SUVs (previously it was 18%). Let’s see the latest BAIC BJ40 price in Pakistan.
BAIC BJ40 Plus Price in Pakistan 2023
This table has the old and new BAIC BJ40 prices in Pakistan.
|Variant||Old Price (PKR)||New Price (PKR)||Difference (PKR)|
|BAIC BJ40 Plus||10,585,000||11,225,000||640,000|
Sazgar is assembling this SUV locally. It is an off-road vehicle having a ladder-frame chassis. It has a 2.0L turbocharged engine that produces around 218 hp and 270 N.m torque that is distributed among all wheels. This SUV comes with a 6-speed automatic transmission.
The reason is the current economic situation. An increased dollar rate means an increase in raw materials prices. Raised GST is also among the major reasons behind this price hike.
The signs aren’t good for the Pakistani automobile industry. Companies have been stormed with price hikes again this year. Last year, some manufacturers even increased prices 5-6 times. As a result, their sales dropped significantly in year-on-year comparison in the PAMA car sales report. This time, some companies have already increased prices 3-4 times in less than 2 months. If the trend continues, the companies may see a major decline in sales this year again.
What are your thoughts on yet another price hike wave? Share your thoughts in the comment section below.