Sazgar Engineering Works, the entity behind the introduction of Haval in the country has increased Haval Jolion Price in Pakistan by almost 3 lacs. It is the company’s second price rise since the launch of its vehicle in Pakistan.
As per the notification circulating on the Internet, the revised Haval Jolion price in Pakistan, which was launched for Rs. 5.52 million is now 6.02 million after the surge of Rs. 295,000. When freight is added, the cost will be rounded off to around 6.057 million. The first price hike was seen in June when Sazgar soared the vehicle’s price from 5.52 million to 5.72 million rupees.
The revised price is immediately in effect from the 6th of September. The company justifies its price revision by pointing out the unfavorable fluctuations in the Dollar rate, and diminishing value of the Pak rupee. Sazgar Engineering calls this price hike inevitable and beyond their hold. The U.S. Dollar has rocketed at a fast pace and the Pakistani Rupee has greatly lost its value within a short span. Haval being a fresh entrant in the Pakistani market first got hit by the Global chip shortages due to which they had to close their bookings several times as the company didn’t want to overcommit to their customers.
On the other hand, the Ministry of Industries and Production announced that all Auto manufacturers will have to justify their future price increase, or else the Government has to intervene for consumer’s good, barring the automakers from profiteering.
The sub-compact SUV was launched along with Haval H6, which is a compact SUV, slightly larger than the Jolion. It’s been raining compact and subcompact crossovers in Pakistan. The Haval vehicles are direct competitors of other crossovers in this range, including KIA Sportage, MG HS, Hyundai Tucson, Glory 580 Pro, and Proton X70. It will be interesting to see how the company retains consumer’s interest in their products after back-to-back price hikes.