Following the government’s announcement of withdrawal of taxes on vehicles, the auto companies have announced a reduction in car prices.
“Indus Motor Company has slashed prices in the range of Rs100,000-400,000 on different variants and models in line with the government’s initiatives,” said Indus Motor Company CEO Ali Asghar Jamali while talking to The Express Tribune.
Indus Motor reduced the price of Yaris GLi MT 1.3 by Rs100,000 to Rs2.4 million. Earlier, the car was sold for Rs2.5 million. The company cut the price of Corolla Altis Grande X CVT 1.8 variant by Rs110,000, which declined from Rs3.98 million to Rs3.87 million.
Following a reduction of Rs350,000, Toyota Fortuner 2.7G will be available at Rs7.65 million. Earlier, the vehicle was sold for Rs8 million.
The price of Toyota Hilux Revo G MT fell from Rs6.55 million to Rs6.43 million, a reduction of Rs120,000. Pak Suzuki Motor Company also came up with the price reduction and slashed the price of Alto VX by Rs85,000 to Rs1.13 million. The vehicle was earlier available at a price of Rs1.198 million.
Prices of other variants of Alto was reduced in the range of Rs98,000-112,000. The company also lowered the price of Suzuki Bolan VX from Rs1.134 million to Rs1.049 million.
Prices of different variants of Cultus were reduced by Rs125,000-155,000. Similarly, prices of WagonR models of the company were cut in the range of Rs110,000-130,000.