The automobile market in Pakistan has seen a significant transformation over the years, with increasing demand for both local and imported vehicles. In 2024, factors such as inflation, rising import duties, and currency fluctuations will played a role in the prices of new cars. This guide offers a detailed look at the latest new car prices in Pakistan across popular brands like Suzuki, Honda, Toyota, Hyundai, and Kia.
1. Suzuki New Car Prices in Pakistan 2024
Suzuki remains one of the most popular car brands in Pakistan, offering affordable, fuel-efficient, and durable cars. The company’s lineup includes small hatchbacks and compact sedans, catering to the needs of middle-class consumers.
- Suzuki Alto VX (660cc)
- Price: PKR 2,251,000
- Features: Manual transmission, basic interior, ideal for first-time buyers or city commuters.
- Suzuki Alto VXL AGS
- Price: PKR 2,935,000
- Features: Automatic transmission, power steering, airbags, and fuel-efficient engine.
- Suzuki Cultus VXR
- Price: PKR 4,496,000
- Features: A 1000cc engine, modern design, equipped with safety features, suitable for families.
- Suzuki Wagon R VXL
- Price: PKR 4,519,000
- Features: Popular for its spacious interior and high fuel efficiency.
- Suzuki Swift GL CVT
- Price: PKR 6,611,000
- Features: 1200cc engine, smart infotainment system, high-performance engine, and modern safety features.
2. Honda New Car Prices in Pakistan 2024
Honda cars are known for their premium features, durability, and performance. In Pakistan, Honda offers a range of sedans and compact vehicles that appeal to customers looking for quality and luxury.
- Honda City 1.2L MT
- Price: PKR 6,489,000
- Features: Manual transmission, comfortable interior, excellent for city driving.
- Honda City 1.5L CVT
- Price: PKR 7,119,000
- Features: Automatic transmission, fuel-efficient, modern infotainment system, and advanced safety features.
- Honda Civic 1.5L Turbo RS
- Price: PKR 10,299,000
- Features: Turbocharged engine, sleek design, advanced driver-assist technologies, and luxury interior.
- Honda BR-V i-VTEC S
- Price: PKR 7,599,000
- Features: 7-seater family SUV, automatic transmission, and spacious interior.
3. Toyota New Car Prices in Pakistan 2024
Toyota is synonymous with reliability, durability, and performance. The brand offers a diverse range of vehicles, including budget-friendly sedans and high-end SUVs. Toyota’s cars are among the best-selling in Pakistan due to their strong resale value and availability of spare parts.
- Toyota Yaris GLI 1.3L MT
- Price: PKR 5,489,000
- Features: Basic variant, manual transmission, excellent fuel economy.
- Toyota Corolla Altis X 1.6L CVT
- Price: PKR 8,099,000
- Features: Automatic transmission, modern safety and comfort features.
- Toyota Fortuner G 2.7L Petrol
- Price: PKR 20,999,000
- Features: Premium SUV, 4×4 capability, automatic transmission, suitable for off-road and urban driving.
- Toyota Hilux Revo G 2.8L MT
- Price: PKR 13,329,000
- Features: Rugged pickup truck, manual transmission, excellent for tough terrains.
4. Hyundai New Car Prices in Pakistan 2024
Hyundai’s re-entry into the Pakistani market has been well-received, offering stylish, tech-savvy, and reliable cars. Hyundai cars are known for their modern features and affordability, making them a great option for both young professionals and families.
- Hyundai Santro GLS
- Price: PKR 3,500,000
- Features: 1000cc engine, compact hatchback, fuel-efficient and easy to drive in urban settings.
- Hyundai Elantra GLS 2.0L
- Price: PKR 9,849,000
- Features: Stylish sedan, automatic transmission, advanced safety features, and spacious interior.
- Hyundai Tucson AWD A/T Ultimate
- Price: PKR 12,899,000
- Features: 2000cc SUV, all-wheel drive, luxury interior, ideal for both family use and off-road adventures.
5. Kia New Car Prices in Pakistan 2024
Kia Motors has captured a significant market share in Pakistan by offering modern, fuel-efficient, and tech-forward vehicles. Kia’s line of SUVs and compact cars appeals to both budget-conscious and luxury-seeking consumers.
- Kia Picanto MT
- Price: PKR 4,649,000
- Features: Compact hatchback, manual transmission, great fuel economy, and stylish design.
- Kia Sportage Alpha
- Price: PKR 9,500,000
- Features: Compact SUV, manual transmission, advanced safety features, spacious and luxurious interior.
- Kia Sorento 2.4 FWD
- Price: PKR 12,700,000
- Features: Family SUV with a powerful 2400cc engine, automatic transmission, and premium features.
6. Proton & Changan: Emerging Players in the Pakistani Auto Market
Both Proton and Changan have established themselves as key players in the Pakistani automobile industry. With their affordable pricing and modern features, these brands are quickly gaining popularity, especially among young buyers.
- Proton Saga 1.3L MT
- Price: PKR 3,649,000
- Features: Manual transmission, basic safety features, ideal for first-time car owners.
- Changan Alsvin 1.3L MT Comfort
- Price: PKR 5,499,000
- Features: Compact sedan, manual transmission, modern infotainment system, and good fuel efficiency.
Factors Influencing New Car Prices in Pakistan
- Currency Exchange Rates: Fluctuations in the value of the Pakistani Rupee against the US dollar directly impact the cost of imported vehicles and spare parts, leading to frequent price changes.
- Government Policies & Taxes: Changes in government taxes, duties, and import regulations can cause significant price hikes, especially for vehicles imported from Japan, Korea, and Europe.
- Global Inflation & Supply Chain Issues: Rising inflation and global supply chain disruptions, particularly the semiconductor chip shortage, have contributed to increased car prices globally, including in Pakistan.
- Import Duties: High import duties on Completely Built Units (CBUs) and Completely Knocked Down (CKD) units have made imported cars more expensive, with local assembly offering a more affordable alternative.
Is 2024 a Good Time to Buy a Car in Pakistan?
With rising inflation and global economic uncertainty, buying a new car in 2024 may be challenging for many Pakistanis. However, automakers are offering flexible financing options, including leasing and installment plans, making car ownership more accessible. Potential buyers should also consider the car’s resale value, fuel efficiency, and availability of spare parts when making a purchase decision.
If you’re planning to buy a car this year, it’s essential to keep track of potential price hikes and take advantage of any promotional offers or discounts from dealers.
Final Thoughts
In 2024, new car prices in Pakistan have witnessed significant changes due to external factors such as currency devaluation and supply chain issues. While popular brands like Suzuki, Honda, and Toyota continue to dominate the market, emerging brands like Kia, Proton, and Changan offer affordable alternatives with modern features. As prices are expected to fluctuate throughout the year, now could be the right time to explore financing options and secure a new vehicle before further increases.
