The automotive industry in Pakistan is facing a tough situation with the constant increase in car prices. Ghandhara Nissan Limited (Cherry Pakistan) recently announced that the price of the Chery Tiggo 8 Pro would be increased by Rs. 1,100,000, bringing the total price to over Rs. 1 Crore. This news has left customers stunned and worried about the future of car prices in Pakistan.
Unstable Prices Impact Car Sales
The situation in the automotive industry has become destitute due to the unstable prices. In the last few months, automakers have observed a huge decline in sales. Back-to-back price jumps are affecting car sales, leaving customers with no backup options. This has become a usual practice for customers in the Pakistani automotive industry.
Cherry Tiggo 8 Pro and 4 Pro Prices Changed
Cherry Tiggo 8 Pro and 4 Pro prices have been changed, and the new prices will come into effect from March 31, 2023. The Chery Tiggo 4 Pro price has been increased by Rs. 300,000, and now it will cost Rs. 6,399,000 against the previous price of Rs. 6,099,000. The Chery Tiggo 8 Pro price has received a shocking jump of Rs. 1,100,000, changing its price from Rs. 9,299,000 to Rs. 10,399,000.
Terms and Conditions
Customers who have paid the full amount till March 15, 2023, will not be considered under the new price jump. The ex-factory prices include withholding tax (WHT), capital value tax (CVT), freight, and insurance charges. The new prices will apply to all invoices from March 16, 2023. Any change in tax by the government will be applicable at the time of delivery, and prices will prevail at the time of delivery.
Reasons for the Price Increase
Automakers are forced to take measures such as price hikes due to the devaluation of the rupee value against the dollar. This has caused significant problems for the automotive industry in Pakistan. The unstable prices have left customers worried about the future of car prices and their ability to purchase cars.
Conclusion
The increase in car prices has become a usual practice for customers in the Pakistani automotive industry. With the unstable prices, customers are finding it difficult to purchase cars. Automakers are also facing a tough time, as they are forced to increase prices due to the devaluation of the rupee value against the dollar. However, customers who have already paid the full amount before March 15, 2023, will not be affected by the new price jump. The automotive industry in Pakistan is facing significant challenges, and it remains to be seen how these challenges will be addressed in the future.