Car costs will rise shortly after the budget is adopted, as we told you in our blog when the federal government proposed the new withholding tax in the fiscal budget 2024–25. Interestingly, the same thing took place.
A recent change states that the ex-factory price of cars will now be used to calculate the withholding tax, instead of the engine capacity as it did previously. This action has pushed automakers to raise vehicle pricing. Regal Automobiles has recently revised its automobile rates, following MG Pakistan.
Customers would be required to pay an additional amount of Rs. 135,800 for DFSK Glory 580 Pro as advance tax, according to the official statement from the firm. Likewise, Prince-DFSK K07 (Humsafar) and Prince Pearl have new advance taxes of Rs. 26,690 and 9,250, respectively.
These automobiles’ current prices are as follows:
DFSK Glory 580 Pro: 6,790,000 rupees
Prince-DFSK K07: 2,669,000 rupees
Prince Pearl: 9,250 rupees
Conditions of Use:
1.The prices listed above represent the highest recommended retail price, ex-factory, for each unit, including dealer commission and taxes.
2.The customer will be responsible for any price changes resulting from changes in the value of the Pakistan Rupee relative to the US dollar, government levies, tariff structures, fiscal policies, import policies, etc.
3.The prices listed above are indicative only and could change at any time. The price in effect on the day of delivery will apply.
MG HS New Cost:
The corporation said in a notification that the new Withholding tax announced by the government will have the following effect on prices:
1. MG HS Essence was originally priced at Rs. 8,099,000; however, after deducting 2% withholding tax, the final price increased to Rs. 8,260,980.
2. Comparably, the MG HS 2.0L would cost Rs. 9,763,950 after a new tax of Rs. 4,64,950.
3. Finally, the price of MG HS Excite becomes Rs. 7,342,980 after deducting the withholding tax of Rs. 1,43,980.
