- Syed Raza Hassan
- 29 Minutes ago
Honda, Hyundai also raise car prices by up to Rs 600,000
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- Web Desk
- 6 Hours ago
KARACHI: Honda Atlas Cars Ltd (HACL) and Hyundai Nishat Motors have increased the car prices of their various models by up to Rs 600,000 following the imposition of the NEV (Non-Essential or Non-Economic Vehicles) levy introduced in the federal budget for FY26. The revised prices came into effect on July 1.
According to a notification issued by HACL, the prices of different Honda variants have been increased by Rs 47,000 to Rs 201,000 due to the new levy.
As per the updated price list shared with dealers, the Honda City 1.2 MT, 1.2 CVT, and Aspire CVT are now priced at Rs 4.696 million, Rs 4.737 million, and Rs 5.969 million—reflecting increases of Rs 47,000, Rs 48,000, and Rs 120,000, respectively.
Meanwhile, the Honda BR-V 1.5 CVT 5, Civic Oriel, and Civic Turbo RS now cost Rs 6.429 million, Rs 8.834 million, and Rs 10.10 million—after hikes of Rs 130,000, Rs 175,000, and Rs 201,000, respectively.
HACL stated that despite ongoing challenges such as rupee depreciation and rising freight costs, it had previously refrained from increasing prices. However, the NEV levy is beyond the company’s control and must be passed on to consumers. The updated prices are exclusive of freight and withholding tax, which will be charged separately based on applicable rates.
Hyundai Nishat Motors has also revised its pricing structure across both passenger and commercial segments, with price increases ranging from Rs 46,000 to over Rs 600,000 depending on the model.
The revised pricing affects several popular models, including the Porter, Elantra, Tucson, Santa Fe, and Sonata.
According to the company, the increase in Hyundai vehicle prices is a direct result of new taxes and duties imposed through the FY26 federal budget, along with a general rise in import-related costs.
Summary of Revised Hyundai Prices:
| Variant | Old Price (PKR) | New Price (PKR) | Increase (PKR) |
| Porter Deckless | 4,299,000 | 4,345,000 | 46,000 |
| Porter Flat-Deck | 4,319,000 | 4,365,000 | 46,000 |
| Porter High-Deck | 4,339,000 | 4,385,000 | 46,000 |
| Porter Deckless with AC | 4,409,000 | 4,455,000 | 46,000 |
| Porter Flat-Deck with AC | 4,429,000 | 4,475,000 | 46,000 |
| Porter High-Deck with AC | 4,449,000 | 4,495,000 | 46,000 |
| Elantra Hybrid | 9,699,999 | 9,895,000 | 195,001 |
| Tucson Hybrid Smart | 10,999,000 | 11,220,000 | 221,000 |
| Tucson Hybrid Signature | 11,999,000 | 12,240,000 | 241,000 |
| Santa Fe Hybrid Smart | 12,990,000 | 13,250,000 | 260,000 |
| Santa Fe Hybrid Signature | 14,699,000 | 14,995,000 | 296,000 |
| Sonata 2.0 | 10,029,000 | 10,330,000 | 301,000 |
| Sonata 2.5 | 11,205,000 | 11,545,000 | 340,000 |
| Sonata N Line | 15,890,000 | 16,521,000 | 631,000 |
Hyundai officials linked the price hike to budget-induced regulatory changes and the rising cost of imports.
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