Hybrid vehicle prices slashed
KARACHI: After a delay of nearly two weeks, assemblers have begun lowering prices for hybrid electric vehicles (HEVs) following the reduction in the general sales tax (GST) on vehicles up to 2,000cc, from 25 per cent to 18pc, effective Sept 13. Also on Friday, Mega Motor Company (MMC), BYD’s official partner in Pakistan, announced that “BYD has reached a major milestone of 10,000 vehicles on…
Hybrid vehicle prices in Pakistan have been reduced after a two-week delay due to a decrease in the general sales tax (GST) on vehicles up to 2,000cc, from 25% to 18% effective September 13. Mega Motor Company (MMC), BYD's official partner in Pakistan, announced that BYD has reached a milestone of 10,000 vehicles on Pakistani roads, marking the fastest ramp-up by a new-entrant New Energy Vehicle (NEV) brand in the country's automotive history.
Honda Atlas Cars Ltd (HACL) has revised the prices of the HR-V e: HEV and HR-V VTIS to Rs9.299 million and Rs7.299m, respectively, for a limited time and on limited stock. The reduction in GST is expected to revive sales, as consumers had delayed their purchases waiting for the government's decision.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
