Automakers announce price cuts during Ramadan

Automakers have announced price reductions and special offers for select models during Ramadan. 

Kia Pakistan on Thursday announced a reduction in the price of its Sportage models by up to Rs 300,000 in a Ramadan-exclusive offer. 

This offer, which lasts until March 31, 2024, includes a reduction in the ex-factory prices of various Sportage models as follows: 

Sportage Alpha to Rs 7,300,000 from Rs 7,550,000, Sportage FWD to Rs 7,470,000 from Rs 8,040,000, Sportage AWD to Rs 8,470,000 from Rs 8,770,000, and Sportage Limited Edition to Rs 9,000,000 from Rs 9,300,000.

Similarly, Indus Motor Company, the manufacturer of Toyota cars in Pakistan, announced a price reduction for its Yaris sedan models, with cuts ranging from Rs 73,000 to PKR 133,000. 

After the adjustment, the new prices for the Yaris 1.3 MT LO, 1.3 CVT LO, and 1.3 MT Hi are set at Rs 4.326 million, Rs 4.616 million, and Rs 4.586 million, respectively, each reflecting a Rs 73,000 decrease. 

The Yaris CVT Hi sees a Rs 133,000 reduction, with its price now at Rs 4.766 million. 

This move is attributed to the company’s efforts to circumvent the recent 25% sales tax increase on automobiles priced above Rs 4 million.

Earlier, Hyundai announced a Ramadan offer of free registration for any Hyundai ELANTRA model reserved before Chaand Raat.