The price-cut fiesta is in full swing, with numerous manufacturers delivering the much-anticipated news of price drops one after the other. Hyundai Nishat has also announced a price decrease for its C-Segment cars, the Elantra sedan and the Tucson SUV, in the most recent update.
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The following are the updated prices for the abovementioned automobiles as of right now:
When Hyundai Nishat introduced the Tucson SUV in Pakistan in mid-2020, the company quickly raised the price of the vehicle in response to a “overwhelming response” from the market. Needless to say, the public was dissatisfied with Hyundai’s act.
While the aforesaid price decreases are not huge by any means, they are a welcome shift in Pakistan’s automobile pricing development. These price reductions should be viewed as a minor step toward bigger and more good progress for the car sector.
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Furthermore, Hyundai, like a few other manufacturers in Pakistan, stands to benefit greatly from the new Electric Vehicle (EV) and Hybrid Electric Vehicle (HEV) tax and duty discounts included in the new auto policy.
The manufacturer already has a number of EVs and HEVs in its range that may be a great addition to the Pakistani vehicle market, benefiting consumers, the environment, and the automaker itself.