Auto industry in Pakistan remains in dire straits for over 2 years and now authorities slapped additional 25 percent Sales Tax on locally manufactured and assembled vehicles.
As the caretaker government continues to take steps to boost funds, a 25 percent sales tax will be levied on locally made cars, targeting four-wheelers priced at Rs4000000 or more or those with engines over 1400 cc.
With the new tax in place, buyers – who are already paying record prices for cars – are curious and worried about the expected price increase.
Cars from all major brands including Suzuki, Toyota, and Honda will be bearing the brunt under the new policy. Pakistan Observer compiled the data for buyers with new expected prices of top models.
Note: For the unversed, no auto giant has issued any notification, so the below-mentioned prices are expected and not confirmed.
New Car Prices in Pakistan
Suzuki Cultus
Model | Current Price | Expected Price |
Suzuki Cultus VXL | Rs.4,084,000 | Rs.4,326,000 |
Suzuki Cultus AGS’ | Rs.4,366,000 | Rs.4,625,000 |
Suzuki Swift
Model | Current Price | Expected Price |
Suzuki Cultus VXL | Rs.4,084,000 | Rs.4,326,000 |
Suzuki Cultus AGS’ | Rs.4,366,000 | Rs.4,625,000 |
Suzuki Swift GLX CVT | Rs. 5,040,000 | Rs. 5,339,000 |
Toyota Yaris
Model | Current Price | New Price |
Toyota’s Yaris GLI MT 1.3 | Rs. 4,399,000 | Rs. 4,660,000 |
Toyota Yaris ATIV MT 1.3 | Rs. 4,659,000 | Rs. 4,935,000 |
Toyota Yaris GLI CVT 1.3 | Rs. 4,689,000 | Rs. 4,967,000 |
Toyota Yaris ATIV CVT 1.3 | Rs. 4,899,000 | Rs. 5,190,000 |
Toyota Yaris AERO CVT 1.3 | Rs. 5,099,000 | Rs. 5,401,000 |
Honda City
Model | Current Price | Expected Price |
Honda City 1.2L M/T | Rs. 4,699,000 | Rs.4,978,000 |
Honda City 1.2L CVT | Rs. 4,829,000 | Rs.5,115,000 |
Proton Saga
Model | Current Price | Expected Price |
Proton Saga 1.3L Ace A/T | Rs. 4,099,000. | Rs. 4,342,000 |
Prices of locally manufactured cars likely to go up as ECC okays 25pc sales tax