Honda CD 70cc Latest Price in Pakistan & Features – May 2024
In Pakistan's bustling motorcycle market, the Honda CD 70 stands out as...
Here’s more good news for those eagerly anticipating price reductions that hadn’t occurred in previous years. Following Kia Lucky Motors, Peugeot Pakistan, and Pakistan Suzuki, Changan has also lowered the price of its popular crossover SUV, the ‘Oshan X7,’ but only for a limited time, from May 4 to June 15, 2024.
In October 2023, Changan Pakistan reduced the price of its car by Rs. 250,000. This marks the fourth price reduction announced within a week, adding to the ongoing series of sudden price drops.
Recently, car prices have witnessed a notable decrease, starting with Kia’s reduction of over Rs. 15 lacs for the Stonic, followed by the Peugeot 2008’s Rs. 4.5 lacs reduction, and the Suzuki Swift’s decrease of Rs. 7.1 lacs. This sequence of events is indeed intriguing.
Significant price cuts like these are infrequent in Pakistan, happening only sporadically. This raises the question: what has prompted these adjustments in vehicle prices by car manufacturers? Let’s explore further. Renowned economist Ali Khizer is available to provide insights into this emerging trend.
The Stonic experiences a 24% decrease, the Swift by 13%, the Yaris by 1.3 CVT, and the City CVT by 3%. The new prices range from Rs. 4.69M to Rs. 4.77M, significantly lower than the pre-revision rates of Rs. 4.83M to Rs. 6.28M.
This significant adjustment reflects a strategy to maintain prices below Rs. 4 million without GST, driven by the high 25% GST on cars. Kia initiated this by reducing the Stonic’s price, targeting the sub-Rs. 4 million bracket without GST, a strategy also adopted by Suzuki with the new pricing of the Swift. Ultimately, companies are navigating to avoid the new GST slab, inadvertently benefiting consumers.
What are your thoughts on the recent decision to adjust the price of the Oshan X7? Share your opinions in the comments section below
Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.