Car prices likely to decline up to Rs224,000 on duty cut
File photo
KARACHI: Consumers are expected to get up to Rs224,000 price advantage on automobile buying as the government have slashed federal excise duty and general sales tax on various vehicles with effect from Thursday, it was learnt.
Through amendments into the finance bill, the government reduced federal excise duty on vehicles with cylinder capacity of 1,000cc to zero percent from 2.5 percent. On cylinder capacity of 1,001cc to 2,000cc, the FED has been slashed to 2.5 percent from 5 percent and FED on cylinder capacity of 2,001 and above has decreased to 5 percent from 7.5 percent.
Toyota Fortuner may become cheaper by Rs224,000 samaa.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaa.tv Daily Mail and Mail on Sunday newspapers.
Hyundai to launch Elantra in Pakistan on March 21
It can be the priciest sedan in the country SAMAA | Bilal Hussain - Posted: Mar 16, 2021 | Last Updated: 1 month ago SAMAA | Bilal Hussain Posted: Mar 16, 2021 | Last Updated: 1 month ago
Source: motor1.com
Hyundai is launching its 2,000cc Elantra sedan in Pakistan on March 21. It will be launched at an online event.
An expert believes that Elantra could be priced above Honda Civic Turbo, which is currently the costliest sedan that is assembled in Pakistan.
Hyundai has already been assembling its H100-Porter pick-up truck and SUV Tucson in the country. H100-Porter was previously known as Shehzore. The company sells the imported Grand Starex, Ioniq Hybrid and the seven-seater Santa FE vehicles too.
SAMAA - Hyundai likely to launch Elantra sedan in Pakistan in mid-March samaa.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaa.tv Daily Mail and Mail on Sunday newspapers.