Hyundai Logo
Automotive News

The Hyundai Elantra and Sonata Are Both Getting A Price Hike

May 16, 2022 / By Zunair Tahir / Automotive News

Hyundai Nishat has joined the price rise by raising the pricing of the Elantra GLS and both Sonata models, claiming higher shipping costs and local currency volatility.

The following are the new pricing, which are effective immediately:

Car VariantOld Prices (Rs.)New Prices (Rs.)Increase (Rs.)
Elantra GLS4,799,0004,949,000150,000
Sonata 2.06,859,0006,999,000140,000
Sonata 2.57,749,0007,849,000100,000

READ MORE

2022 Hyundai Price List In Pakistan


The Engineering Development Board (EDB) called a meeting last week with the CEOs of major local automakers, including Hyundai Nishat, to review recent pricing rises.

Before the meeting, EDB instructed the firms to present their cost structures and justifications for price increases. Only a couple of the eleven automakers volunteered their information, and the Ministry of Industries and Production (MoIP) objected strongly. The following are the new pricing, which are effective immediately:

The rate of price increases is far faster than the rate of increase in the US Dollar (USD) versus the Pakistani Rupee, according to the report (PKR). Automakers responded by claiming that increases in other operating costs have also led to price increases.

They pointed out that a freight container that used to cost $3,000 now costs $6,000, as well as rising raw material costs.

Finally, MoIP instructed the remaining firms to submit their cost structures within two days. It said that a follow-up meeting will be held soon in this respect.


READ MORE NEWS…

2022 Peugeot Price List In Pakistan
2022 Proton Price List In Pakistan
2022 Changan Price List In Pakistan
2022 Suzuki Price List In Pakistan
2022 Toyota Price List In Pakistan
2022 Honda Price List In Pakistan
2022 KIA Price List In Pakistan
2022 MG Price List In Pakistan

2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (25) Apple Inc (15) Automotive Blogs (14) Automotive News (230) Automotive News Pakistan (20) Auto News (152) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (15) F1 (23) F1 News (11) Formula 1 (12) Honda (13) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (378) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (78) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (69) Toyota (16) World News (15)

Comment

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare
X