Tuesday, June 25, 2024

Hyundai Sonata Now Costs Over 1.05 Crore After Price Hike

After the government just imposed an additional 25% GST, Hyundai car prices in Pakistan have soared once again. Hyundai vehicles that are locally produced are now costing up to Rs 591,000 more.  

Sonata: New Prices  

Hyundai Sonata 2.0L now costs Rs. 9,679,000 instead of Rs. 9,129,000. Its price has gone up by Rs. 550,000. Moreover, the price of the Sonata 2.5L has increased from Rs 9,939,000 to Rs 10,530,000. Meaning the price is up by Rs. 591,000.  

While the sales of locally assembled cars are nosediving, the prices continue to shoot up, primarily due to the depreciating currency value as well as the added duties and taxes imposed by the government.

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