Automobile prices surge after budgetary levies
KARACHI: Following the imposition of a carbon levy and an increase in sales tax under the federal budget 2025-26, several automobile assemblers have begun passing the impact on to consumers from July 1, while others are either absorbing the additional cost or delaying price revisions until after Ashura.
An official at MG Pakistan stated the company would absorb the price hike despite the new levy. The assembler of Haval vehicles has also decided to maintain prices at previous levels.
The carbon levy or NEV adoption levy is charged at 1pc on engines below 1300cc, 2pc on engines between 1300cc and 1800cc, and 3pc on engines above 1800cc, applied on the invoice price, including duty and taxes.
Pak Suzuki Motor Company Ltd (PSMCL) has raised prices across its lineup by Rs18,810 to Rs186,000. The Alto VXR, VXL, and AGS now cost Rs2.994m, Rs3.166m, and Rs3.326m, reflecting increases of Rs167,861, Rs177,480, and Rs186,446, respectively.
In the upgraded Suzuki Cultus range, the VXR, VXL, and........
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