Car Prices Reduced Amid Tax Cuts

The government finally announced the much-awaited Auto Policy 2021-26 which offer tax concessions on various segments resulting in a considerable decrease in prices of locally assembled vehicles. Prices have come down by Rs 50,000 to up to Rs 400,000 depending on the vehicle. Revised prices will be effective from the 1st of July 2021.

Most automakers have already announced their revised prices however some are yet to make an announcement regarding price reductions, so keep checking back since this post will be updated accordingly.

Toyota

Model	Old Price	New Price	Difference
Yaris GLi 1.3L MT	2,509,000	2,409,000	100,000
Yaris GLI 1.3L CVT	2,689,000	2,589,000	100,000
Yaris Ativ 1.3L MT	2,619,000	2,519,000	100,000
Yaris Ativ 1.3L CVT	2,769,000	2,669,000	100,000
Yaris Ativ X 1.5L MT	2,829,000	2,719,000	110,000
Yaris Ativ X 1.5L CVT	2,999,000	2,899,000	100,000
Corolla Altis 1.6L MT	3,219,000	3,109,000	110,000
Corolla Altis 1.6L AT	3,369,000	3,249,000	120,000
Corolla Altis 1.8L CVT	3,699,000	3,579,000	120,000
Altis Grande 1.8L CVT (Beige interior)	3,979,000	3,869,000	110,000
Altis Grance 1.8L CVT (Black interior)	3,999,000	3,889,000	110,000
Fortuner 2.7 G	7,999,000	7,649,000	350,000
Fortuner 2.7 V	9,299,000	8,899,000	400,000
Fortuner 2.8 Sigma4	9,649,000	9,269,000	350,000
Hilux Revo G MT	6,549,000	6,249,000	120,000
Hilux Revo G AT	6,899,000	6,779,000	120,000
Hilux Revo V AT	7,499,000	7,379,000	120,000

Honda

Model	Old Price	New Price	Difference
Civic 1.8	3,729,000	3,614,000	115,000
Civic 1.8 Oriel	3,979,000	3,864,000	115,000
Civic 1.5 Turbo RS	4,699,000	4,564,000	135,000
BR-V 1.5L CVT-S	3,479,000	3,374,000	105,000

Suzuki

Model	Old Price	New Price	Difference
Alto VX	1,198,000	1,134,000	85,000
Alto VXR	1,433,000	1,335,000	98,000
Alto VXL AGS	1,633,000	1,521,000	112,000
Wagon R VXR	1,640,000	1,530,000	110,000
Wagon R VXL	1,730,000	1,610,000	120,000
Wagon R AGS	1,890,000	1,760,000	130,000
Cultus VXR	1,780,000	1,655,000	125,000
Cultus VXL	1,970,000	1,830,000	140,000
Cultus AGS	2,130,000	1,975,000	155,000
Swift DLX	2,030,000	1,972,000	58,000
Swift A/T	2,210,000	2,148,000	62,000
Bolan VX	1,134,000	1,049,000	85,000

Hyundai

Model	Old Price	New Price	Difference
Tucson GLS Sport	5,099,000	4,979,000	120,000
Tucson Ultimate	5,599,000	5,469,000	130,000
Elantra GLS	4,049,000	3,899,000	150,000

Kia

Model	Old Price	New Price	Difference
Picanto M/T	1,899,000	1,781,000	118,000
Picanto A/T	2,049,000	1,922,000	127,000
Sportage Alpha	4,399,000	4,294,000	105,000
Sportage FWD	4,899,000	4,782,000	117,000
Sportage AWD	5,399,000	5,270,000	129,000
Sorento 2.4 FWD	6,999,000	6,836,000	163,000
Sorento 2.4 AWD	7,999,000	7,812,000	187,000
Sorento 3.5 V6	8,399,000	8,203,000	196,000

Regal (DFSK/ Prince)

Model	Old Price	New Price	Difference
Prince Pearl	1,199,000	1,111,000	88,000
Glory 580 Pro 1.5T	4,699,000	4,610,000	89,000
Glory 580 1.5T	4,299,000	4,229,000	70,000
Glory 580 1.8L	4,449,000	4,379,000	70,000

United

Model	Old Price	New Price	Difference
United Bravo	1,099,000	1,030,000	69,000
United Alpha	1,445,000	1,350,000	95,000

Changan

Model	Old Price	New Price	Difference
Alsvin 1.3 MT	2,199,000	2,149,000	50,000
Alsvin 1.5 DCT	2,449,000	2,399,000	50,000
Alsvin Lumiere	2,650,000	2,589,000	61,000
Karvaan	1,490,000	1,399,000	91,000
Karvaan Plus	1,640,000	1,539,000	101,000

Proton

Model	Old Price	New Price	Difference
Saga STD MT	1,975,000	1,925,000	50,000
Saga STD AT	2,125,000	2,075,000	50,000
Saga ACE	2,225,000	2,175,000	50,000
X70 Executive AWD	4,690,000	4,590,000	100,000
X70 Premium 2WD	4,990,000	4,890,000	100,000

(Although most automakers have announced their prices revisions, there are few including Isuzu, MG & FAW which are yet to decrease the prices of their products yet. The above list will be updated as soon as the revision is announced by these companies)

The decrease in prices is expected to bring positive results for the auto industry with sales likely to go up. Furthermore government will introduce a new car financing scheme with lower interest rates to facilitate customers & first-time car buyers.

UsmanAnsari

A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com