September 21, 2021 / By Zunair Tahir / Automotive News
Dealers claim that the FAW V2 has been discontinued in Pakistan.
While the firm has not publicly stated that the model would be phased out, its approved dealerships in the country have told Business Recorder that they are no longer accepting new bookings for the FAW V2 according to company directives.
The move, according to a dealer, was motivated by a number of factors, including low sales data.
Last year, sales of the 1,300cc car fell, and the launch of Proton further reduced revenue from the FAW V2 portfolio.
The Al-Haj Automotive Group launched the FAW V2 in Pakistan in 2014 as a less expensive alternative to the Suzuki Swift. The hatchback had a 1300cc engine that produced 90 horsepower and 120 Nm of torque and was connected to a 5-speed manual transmission at the time.
The firm began producing it domestically within three years. However, you can no longer reserve a car. It has been reported on the market that it has been discontinued.
“Its sales decreased considerably,” the firm says, avoiding disclosing that the V2 has been withdrawn. However, the major cause is that component manufacture in China has ceased. It has also been phased out in South Africa, where right-hand drive automobiles are used in the same way as in Pakistan.”
Last year, however, the FAW V2’s price increased multiple times to Rs. 1.61 million, making the car no longer a cheap choice for customers. However, it should be noted that the competition was still more costly, since other Pakistani automakers increased their prices.
Despite the fact that the V2 was nothing out of the usual and had its own set of problems, the firm did pay attention to customer complaints and did its best to address them, such as recognized gear difficulties and cabin wind noise.
The Good News is that after 850cc, 1000cc cars are becoming more affordable as well.
June 27, 2021 / By Zunair Tahir / Automotive News
The federal government made vehicles with engines up to 850cc cheaper earlier this month by eliminating the Federal Excise Duty (FED) and lowering the Sales Tax to 12.5 percent from 17 percent. Everyone was ecstatic when they heard the news. Despite this, many people preferred to hear the phrase 1000cc instead than 850cc.
So, what’s this? The government has complied with our request. Shaukat Tarin, the Finance Minister, has announced the continuation of tax exemption for automobiles up to 1000cc, making all domestically built 1000cc cars cheaper.
Below Down is the List of the Cars that is getting cheaper and we also have to seen its impact of the local Market.
660cc – 800cc Cars
Suzuki Ravi
Suzuki Bolan
Prince Pearl
United Bravo
Suzuki Alto
1000cc Cars
Suzuki Cultus
Suzuki Wagon R
kia Pianto
United Alpha
What Will be the impact these Cars are Getting Cheaper
Because the middle class can only afford automobiles up to 1000cc, this tax relief will undoubtedly have a big influence on the local automotive market. The government has lowered automobile costs in a budget for the first time in Pakistan’s history.
Consumer purchasing power will rise as a result of the effort, as will automobile sales in the country. The government, on the other hand, has not proposed any tax relief for imported automobiles, indicating that it is focused on the domestic auto sector and encouraging people to buy local vehicles.
What are your thoughts on this news? On a scale of one to ten, how pleased are you with this big tax cut? Let us know what you think in the comments area.
When Will Automobiles Become More Affordable to Consumers?
Okay, so the government has enacted the Fiscal Budget 2021-22, which includes lower taxes on automobiles with engines under 1000cc. But the real question is when prices will start to fall. And the response is July 1st, 2021.
The budget has been considered and approved by the government in the National Assembly. It will be deployed in the beginning of next month. From July 1st onwards, the revised pricing will be in effect.
In the meanwhile, customers who get automobiles this month will be charged the existing price. If the invoice for the car has been issued, the buyer must pay the current price. There’s no getting around it.
