KARACHI – Pakistan’s auto sector remains in dire straits lately and there is improvement in sales, despite any major drop in prices. The sales of key players like Toyota, Suzuki, and Honda saw a gradual increase amid smooth auto financing due to lowering interest rates.
As 2024 is about to end, Suzuki jacked up prices for key models like Alto, Swift, and Cultus by around Rs2lac, while IMC increased prices for Yaris variants, particularly the Yaris ATIV CVT 1.3 by a significant Rs0.75 million.
Honda, in contrast, lowered prices for City M/T and CVT models by up to Rs140,000, offering some relief to buyers. Kia and other auto giants also witnessed mixed price changes, with the Picanto M/T seeing a rise, while the Stonic Ex+ and Sportage FWD/AWD models saw price cuts.
Suzuki
| Models | Prices in Dec ’23 | Prices in Dec ’24 | Increase |
|---|---|---|---|
| Alto VX | 2,251,000 | 2,331,000 | +80,000 |
| Alto VXR | 2,612,000 | 2,707,000 | +95,000 |
| Alto VXR AGS | 2,799,000 | 2,894,000 | +95,000 |
| Alto AGS | 2,935,000 | 3,045,000 | +110,000 |
| Cultus VXR | 3,718,000 | 4,421,000 | +140,000 |
| Cultus VXL | 4,084,000 | 4,244,000 | +160,000 |
| Cultus AGS | 4,366,000 | 4,546,000 | +180,000 |
| Swift GL M/T | 4,256,000 | 4,421,000 | +165,000 |
| Swift GL CVT | 4,574,000 | 4,719,000 | +145,000 |
| Swift GLX CVT | 4,960,000 | 5,125,000 | +192,000 |
Toyota
| Models | Prices in Dec’23 | Prices in Dec’24 | Increase |
|---|---|---|---|
| Yaris GLI MT 1.3 | 4,399,000 | 4,479,000 | +80,000 |
| Yaris GLI CVT 1.3 | 4,689,000 | 4,760,000 | +71,000 |
| Yaris ATIV MT 1.3 | 4,659,000 | 4,730,000 | +71,000 |
| Yaris ATIV CVT 1.3 | 4,899,000 | 5,604,000 | +705,000 |
Withholding Tax on Toyota Yaris, Corolla, Hilux, Fortuner in Pakistan Dec 2024
Honda
| Models | Prices in Dec ’23 | Prices in Dec ’24 | Increase |
|---|---|---|---|
| City M/T 1.2L | 4,699,000 | 4,649,000 | -50,000 |
| City CVT 1.2L | 4,829,000 | 4,689,000 | -140,000 |
Kia
Kia Lucky Motors, the South Korean brand, adopted a mixed approach. The price of the Picanto M/T saw an increase, while the Stonic Ex+ and the Sportage FWD and AWD variants experienced price cuts. This pricing strategy catered to different segments, providing options for both budget-conscious buyers and those looking for premium features.
New Price Update of KIA Sportage in Pakistan after end of discounted offer
