LAHORE – Hyundai Nishat Motor (Private) Limited has announced an increase in the prices of its vehicles following changes in Pakistan’s federal tax policy, with revised ex-factory prices taking effect from August 12, 2026.
In a notice issued to its dealers on August 11, the company said the price revision followed changes introduced under the Federal Budget FY2026-27, including an increase in sales tax to 25% on applicable vehicles.
The company said the revision was due to the government’s tax policy and did not represent a price increase initiated by Hyundai Nishat.
Hyundai Cars New Prices
Under the revised prices, the Hyundai Elantra Hybrid has increased from Rs9.895 million to Rs11.4 million, a difference of Rs1.505 million.
The Tucson Hybrid Smart FWD now has a tentative ex-factory price of Rs12.926 million, while the Tucson Hybrid Signature AWD is priced at Rs14.101 million.
The Santa Fe Hybrid Smart FWD has been revised to Rs14.574 million, while the Signature AWD variant now carries a tentative ex-factory price of Rs16.123 million.
Azadi Offer
Alongside the revised prices, Hyundai Nishat has announced a limited-time Azadi Promotional Offer for selected models. The offer will remain valid until August 31, 2026.
Under the promotion, the Elantra Hybrid will be available at PKR 10.761 million, offering savings of Rs639,000. The Tucson Hybrid Smart FWD will be offered at Rs12.202 million, with savings of Rs724,000.
The Tucson Hybrid Signature AWD will be available at PKR 13.3 million, with savings of Rs801,000. The Santa Fe Hybrid Smart FWD will be offered at Rs13.258 million, saving customers Rs1.316 million, while the Santa Fe Hybrid Signature AWD will be priced at Rs14.72 million, offering savings of Rs1.403 million.
