The Hyundai Tucson Also Sees A Significant Price Increase
The Hyundai Tucson Also Sees A Significant Price Increase
March 28, 2022 / By Zunair Tahir / Automotive News
The Hyundai Tucson also sees a significant price increase. Hyundai Nishat Motors Private Limited (HNMPL) has revised the prices of the Hyundai Tucson, joining the price hike bandwagon. In barely over two months, the firm has raised its prices for the second time.
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The following are the pricing for both Hyundai Tucson models, which are effective immediately:
| Variants | Old Price (PKR) | Revised Price (PKR) | Increase (PKR) |
|---|---|---|---|
| Tucson GLS Sport FWD | 5,549,000 | 5,799,000 | 250,000 |
| Tucson Ultimate AWD | 5,999,000 | 6,299,000 | 300,000 |
HNMPL, like its competitors, blamed the increase on increased raw material costs, freight charges, the depreciation of the local currency, and other logistical issues.
Unlike other manufacturers, however, HNMPL has only applied the increased costs to bookings made after the price hike was announced. Those who booked before March 25, 2022, will be charged the old rate.
Hyundai, on the other hand, has merely upped the price of the Tucson. It’s worth mentioning that the SUV was HNMPL’s best-selling car in February 2022, selling approximately 800 units in the month.
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According to market rumor’s, due to rising cost pressures, the Korean automaker would raise prices for the rest of its inventory as well.
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