Hyundai Nishat Motors Private Limited (HNMPL) has raised the Elantra and Sonata prices. The company cites price increases as a result of local currency volatility, increased shipping costs, and tax rate increases.
Effective immediately, the new prices are as follows:
Old Prices (Rs.)
New Prices (Rs.)
Elantra GL 1.6
Elantra GLS 2.0
The Pakistani automobile industry is struggling as a result of local currency depreciation, logistical costs, tax rate increases, and general economic insecurity in the country.