Hyundai Cars Prices are Increased in Pakistan by up to Rs.500,000

Another wave of car price increases is just getting started in Pakistan. The cost of Hyundai vehicles has increased in Pakistan by up to 5 lac rupees. Many automakers have raised the pricing of their entire lines of CKD vehicles, describing the situation as national economic unrest. It goes without saying that the cost of production has increased dramatically in Pakistan, despite being a convenient justification that has been used for years to raise prices.

Why Is the Price Going Up Again?

Well! We are all aware that the dollar is once again rising in value. As a result, the cost of raw materials for the cars built locally rises. Additionally, fuel costs are rising in Pakistan. These components collectively account for the most recent price increase.

It is obvious that this increase in car prices would have a negative impact on local consumers. However, other people claim that the target audience’s purchasing power is unaffected. This isn’t actually the case. The majority’s buying power is impacted by inflation and ongoing currency devaluations.

Their sales will probably suffer as a result of this price increase. The possibility that this price change will encourage more individuals to purchase old cars is not a secret.