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Saturday, May 18, 2024

Changan Motors increases car prices up to Rs. 100,000

Master Changan Motors Limited (MCML) has increased the prices of some of its cars due to high tax rates.

The company has jacked up the prices of various models by Rs 100,000 due to uncertain economic conditions. 

Moreover, it has been confirmed that the GST hike and increasing costs of raw materials are the main reasons for the hike. The new prices will be effective immediately, the company said. 

Read more: Automakers pass on 1 % GST hike to consumers

Revised rate list

After a surge of Rs30,000, the new price of Alsvin 1.3 Comfort Manual is now available at Rs3,929,000 as compared to Rs3,899,000. Similarly, the price of Alsvin 1.5 Comfort DCT has been raised to Rs4,239,000, with an increase of Rs40,000, and Alsvin 1.5 Lumiere DCT saw a massive hike of Rs0.1 million.

Furthermore, the model Oshan X7 Comfort experienced a price hike of Rs 70,000 and is now available at Rs 8,069,000 against Rs 7,999,000. Likewise, Oshan X7 FutureSense has a new price of Rs 8,679,000 compared to Rs 8,599,000, indicating a difference of Rs 80,000.

Read more: Auto industry seeks to lift import restrictions

Additionally, the price of the company’s best-selling model Karvan has also been revised. The car is now available at Rs 2,779,000 compared to its old price of Rs 2,749,000 showing a price difference of Rs 30,000. The price of the variant Karvan Plus has also been increased by Rs 30,000 to Rs 2,929,000 against Rs 2,899,000.

In January, Changan Motors celebrated its highest volume sales, as it sold 40,000 units in the last two years, higher than Honda, Suzuki, and Toyota.

In addition to Changan Motors, other companies like Honda, Toyota, and Suzuki have also increased their car prices multiple times amid prevailing economic uncertainty. 

Read more: Auto companies have Rs 189b advance payments