GST hike, Hyundai also hikes prices – News Panda

GST hike, Hyundai also hikes prices – News Panda

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After the increase in GST by the government, car companies have also started increasing the prices of their vehicles. After Honda, Toyota and Suzuki, now Hyundai has also increased its prices. The Federal Board of Revenue (FBR) has issued a new sales tax notification vide SRO 297(1)/2023, in which the General Sales Tax (GST) slab on luxury items has been increased to 25%. . including CBU (imported), locally assembled cars of 1400 cc and above, locally manufactured or assembled SUVs and CUVs and locally manufactured/assembled double cabin (4×4 ) includes pickup vehicles. New Hyundai car prices Here are the new Hyundai car prices. Elantra New Prices Hyundai Elantra 1600 cc price has been increased from Rs 5849000 to Rs 6199000 ie the price of the vehicle has been increased by Rs 350000. The price of Hyundai Elantra 2000 cc has been increased from Rs.6349000 to Rs.6730000 which means the price of the vehicle has been increased by Rs.381000. New Sonata Prices The price of Hyundai Sonata 2000 cc has been increased from Rs 9129000 to Rs 9679000 which means the price of the vehicle has been increased by Rs 550000. Similarly, the new price of Sonata 2500 cc is Rs 10530000 while the old price was Rs 9939000, meaning the price of the vehicle has been increased by Rs 591000. New Tucson Prices The price of Hyundai Tucson FWD has increased from Rs 7569000 to Rs 8030000 which means the price of the vehicle has increased by Rs 461000. The price of Hyundai Tucson AWD has increased from Rs.8169000 to Rs.8659000 which means the price of the vehicle has increased by Rs.490000. What do you think about the price hike of Hyundai vehicles? Share your opinion in the comments section.

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