A price hike to be expected by 15% in cars in Pakistan

According to automobile experts, the spike in car prices is expected to hit 15% due to various reasons. As Indus Motor Company and Lucky Motor Company had increased their prices many other automobile manufacturers are following the suit. The hike is due to the cost pressure and continuous rupees depreciation.

Suzuki, Honda, and Hyundai are more likely to hit an increase within two weeks. Toyota has already elevated car prices between Rs287,000 and Rs1,260,000.

According to a research analyst, the sole reasons for the major price hike are due to the costing pressures, dollar rupee disparity, and an increase in prices of imported raw materials. Along with Original Equipment Manufacturers (OEMs) and assemblers equally affected.

Syeda Qandeel Zehra
Syeda Qandeel Zehrahttps://hamariweb.com/
Syeda Qandeel Zehra is a senior content writer with writing expertise in different niches. She is an MBA graduate by qualification and loves to write about diverse topics. Zehra has 3 years of writing experience and currently employed at hamariweb.com as a content writer.


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