Car Prices in Pakistan experienced notable changes throughout 2024, reflecting trends in sales, production, taxes, and new car launches. Unlike the disruptions caused by supply chain issues in 2023, the automotive sector maintained steady production with minimal shutdowns.
2024 proved to be a year of recovery and stability for Pakistan’s car industry. This shift has set the stage for potential growth in the coming years. Below, we’ll outline the fluctuations in price trends over the past 12 months.
Review of Car Prices in Pakistan: Dec 2023 to Dec 2024
From December 2023 to December 2024, multiple factors impacted Car Prices in Pakistan, including changes in global supply chain dynamics, shifts in local tax policies, and variations in currency exchange rates. The period also witnessed new car launches and evolving consumer preferences, which played a significant role in shaping the pricing landscape.
Toyota Car prices
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Yaris GLI MT 1.3 | 4,399,000 | 4,479,000 | +80,000 |
| Yaris GLI CVT 1.3 | 4,689,000 | 4,760,000 | +71,000 |
| Yaris ATIV MT 1.3 | 4,659,000 | 4,730,000 | +71,000 |
| Yaris ATIV CVT 1.3 | 4,899,000 | 5,604,000 | +705,000 |
| Yaris ATIV X CVT 1.5 (Black) | – | 6,319,000 | – |
| Yaris ATIV X CVT 1.5 ( Beige) | – | 6,255,000 | – |
| Corolla Altis X MT 1.6 | 5,969,000 | No change | – |
| Corolla Altis 1.6 X CVTi | 6,559,000 | – | – |
| Corolla Altis 1.6 X CVTi-SE | 7,189,000 | – | – |
| Corolla Altis Grande X CVT-I 1.8 Beige | 7,509,000 | – | – |
| Corolla Altis Grande X CVT-I 1.8 Black | 7,549,000 | – | – |
| Revo V AT 2.8 | 13, 849,000 | – | – |
| Revo V AT Rocco | 14,419,000 | – | – |
| Fortuner 2.7 G Petrol | 14,499,000 | – | – |
| Fortuner 2.7 V Petrol | 16,999,000 | – | – |
| Fortuner 2.8 Sigma 4 Diesel | 17,999,000 | – | – |
| Fortuner Legender Diesel | 18,999,000 | – | – |
Toyota retained the prices of most of its popular models, with one exception being the Yaris variants, which saw an increase following the facelift launch. This update led to revised pricing to match new features.
Honda Cars
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| City M/T 1.2L | 4,699,000 | 4,649,000 | -50,000 |
| City CVT 1.2L | 4,829,000 | 4,689,000 | -140,000 |
| City CVT 1.5L | 5,439,000 | 5,439,000 | — |
| City Aspire M/T 1.5L | 5,469,000 | 5,469,000 | – |
| City Aspire CVT 1.5L | 5,849,000 | 5,849,000 | – |
| BR-V CVT S | 6,299,000 | 6,299,000 | – |
| HR-V VTI | 7,649,000 | 7,649,000 | – |
| HR-V VTI S | 7,899,000 | 7,899,000 | – |
| Civic 1.5L M-CVT | 8,329,000 | 8,329,000 | – |
| Civic 1.5L Oriel M-CVT | 8,659,000 | 8,659,000 | – |
| Civic RS 1.5L LL-CVT | 9,899,000 | 9,899,000 | – |
Honda Atlas, on the other hand, maintained consistent prices throughout the year, refraining from significant hikes. This decision reflected the relative stability in the Pakistani rupee’s value.
Suzuki Cars
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Alto VX | 2,251,000 | 2,331,000 | +80,000 |
| Alto VXR | 2,612,000 | 2,707,000 | +95,000 |
| Alto VXR AGS | 2,799,000 | 2,894,000 | +95,000 |
| Alto AGS | 2,935,000 | 3,045,000 | +110,000 |
| Wagon R VXR | 3,214,000 | – | – |
| Wagon R VXL | 3,412,000 | – | – |
| Wagon R AGS | 3,741,000 | – | – |
| Cultus VXR | 3,718,000 | 4,421,000 | +140,000 |
| Cultus VXL | 4,084,000 | 4,244,000 | +160,000 |
| Cultus AGS | 4,366,000 | 4,546,000 | +180,000 |
| Swift GL M/T | 4,256,000 | 4,421,000 | +165,000 |
| Swift GL CVT | 4,574,000 | 4,719,000 | +145,000 |
| Swift GLX CVT | 4,960,000 | 5,125,000 | +192,000 |
| Ravi | 1,856,000 | – | – |
| Suzuki Every VX | – | 2,749,000 | – |
| Suzuki Every VXR | – | 2,799,000 | – |
Suzuki Motors took a different approach, increasing the prices of its popular models such as Alto, Swift, and Cultus.
Hyundai Cars
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Elantra Hybrid | – | 9,700,000 | – |
| Elantra 2.0L | 6,930,000 | 7,180,000 | +250,000 |
| Sonata 2.0L | 9,979,000 | 10,229,000 | +250,000 |
| Sonata 2.5L | 10,930,000 | 11,205,000 | +275,000 |
| Tucson AWD Ult Black | – | 8,784,000 | – |
| Tucson AWD Ult Beige | – | 8,709,000 | – |
| Tucson FWD GLS Sport | – | 8,080,000 | – |
| Tucson GLS | – | 7,115,000 | – |
| Santa Fe Smart | – | 12,490,000 | – |
| Santa Fe Signature | – | 13,899,000 | – |
| Ioniq 5 EV | – | 22,500,000 | – |
| Ioniq 6 EV | – | 23,000,000 | – |
In contrast, Hyundai Nishat Motors followed a similar trend, raising prices for the Elantra and Sonata. Additionally, Hyundai expanded its lineup with the introduction of electric and hybrid vehicles, including the Ioniq and Santa Fe.
Kia Prices
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Picanto M/T | 3,350,000 | 3,600,000 | +250,000 |
| Picanto A/T | 3,850,000 | 3850,000 | – |
| Stonic Ex+ | 6,280,000 | 5,500,000 | -780,000 |
| Sportage Alpha | 7,300,000 | 7,300,000 | – |
| Sportage FWD | 8,040,000 | 7,740,000 | -300,000 |
| Sportage AWD | 8,770,000 | 8,470,000 | -300,000 |
| Sportage Black Edition | – | 9,000,000 | – |
| Sportage White Edition | – | 9,000,0000 | – |
| Sorento 2.4L FWD | 8,999,000 | – | – |
| Sorento 2.4L AWD | 9,249,000 | – | – |
| Sorento 3.5L FWD | 9,499,000 | – | – |
| Carnival GLS EXEC | 16,000,000 | – | – |
Kia Lucky Motors adopted a mixed pricing strategy. While the Picanto M/T saw a price increase, models like the Stonic Ex+ and Sportage FWD/AWD witnessed price reductions.
Haval Cars
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Haval Jolion 1.5T | 8,299,000 | 8,028,000 | -271,000 |
| Haval Jolion HEV | – | 9,295,000 | – |
| Haval H6 1.5T | 9,189,990 | – | – |
| Haval H6 2.0T AWD | 10,553,000 | – | |
| Haval H6 HEV | – | 11,866,500 | – |
Sazgar Engineering decreased the price of the Jolion while introducing a hybrid variant after the Haval H6 HEV achieved great sales success.
Peugeot Cars
Models | Prices in Dec’23 | Prices in Dec’24 | Difference |
| Peugeot Active | 7,050,000 | 6,600,000 | 450,000 |
| Peugeot Allure | 7,800,000 | 7,250,000 | 550,000 |
This year was marked by relative stability in Car Prices in Pakistan, offering consumers much-needed relief compared to the frequent price hikes of 2023. As 2024 comes to an end, the auto industry looks toward sustainable growth and innovation.
The Pakistani govt’s New Energy Vehicles Subsidy initiative has ignited discussions about the future of electric vehicles (EVs) in the country. As the global focus on sustainability grows, this program aims to ease the financial burden on consumers by making EVs more affordable. However, questions remain about its effectiveness in boosting EV adoption nationwide.
