Following in the footsteps of Kia Lucky Motor Corporation, Hyundai Nishat Motors Private Limited (HNMPL) has decided to maintain its new prices despite the significant improvement in the value of the rupee against the US dollar.
The representative of the dealership told Pro Pakistani that the company has not yet issued any official notification in this regard, however the company representatives have told the dealership that the prices will remain the same (HNMPL) gave the same argument, stating that While it has increased the prices of its cars by 14%, which is significantly less than other carmakers who have increased their prices by 19-23%, he added that other carmakers have relatively (HNMPL) had no choice but to revise its prices after the huge increase, while (HNMPL) took a sustainable approach.
Industry Situation It is important to mention that the government has relaxed import restrictions on CKD car kits, the recent production crisis and price hikes are likely to affect sales. Operational hiccups have also exacerbated the problem of delayed deliveries which has reduced the demand for new cars
Reports suggest that CKD kits are yet to reach the production line, forcing automakers to continue to observe non-production days (NPDs) with these issues still ongoing, with the rest of 2022 likely to be slow for the car industry. Will be
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