Hybrid Cars Finally See Price Drop
Prices of hybrid electric vehicles (HEVs) have started falling after assemblers passed on a reduction in the general sales tax … Read More The post Hybrid Cars Finally See Price Drop appeared first on ProPakistani .
Hybrid electric vehicles (HEVs) have started experiencing price reductions after automakers passed on savings from a general sales tax (GST) decrease, nearly two weeks after the lower tax became effective on September 13. The GST on vehicles up to 2,000cc was reduced from 25 percent to 18 percent. Major manufacturers, such as Honda, Indus Motor Company, and Chery, have lowered the prices of their respective HEV models, with the Toyota Corolla Cross HEV X now priced at Rs.
9.729 million and the Corolla Cross HEV available at Rs. 9.299 million. The price cuts follow months of uncertainty for the automotive industry regarding the applicable tax and policy framework. Industry experts believe the lower GST rate could help revive sales, although uncertainty remains if the rate might change again under the new auto policy.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
