Petrol-powered small cars in Pakistan may see substantial price cuts under the proposed new auto policy, with reductions of up to Rs1 million anticipated following cuts in Federal Excise Duty (FED) and customs duties.
Documents accessed by Samaa outline the expected price decreases for various categories of locally assembled petrol vehicles, covering everything from small-engine cars to SUVs and jeeps.
As per the documents, locally manufactured petrol cars with engine capacities of up to 658cc could see their prices drop by Rs375,000.
Their current prices of Rs3.22 million are expected to come down to Rs2.845 million.
Similarly, petrol vehicles with engine capacities of up to 998cc may become cheaper by Rs440,000, bringing their prices down from Rs4.27 million to Rs3.83 million.
Petrol SUVs May Become Cheaper by Up to Rs740,000
The proposed measures are also expected to offer significant savings to buyers of locally manufactured petrol-powered SUVs.
The documents indicate that SUVs with engine capacities of up to 1496cc may see a price cut of Rs740,000, reducing their cost from Rs6.06 million to Rs5.32 million.
In comparison, petrol SUVs with engine capacities of up to 1498cc could receive a relatively modest reduction of Rs280,000, bringing their prices down from Rs9.44 million to Rs9.16 million.
Jeep Prices Could Drop by Up to Rs1 Million
The documents indicate that locally manufactured petrol-powered jeeps with engine capacities of up to 1598cc could receive the largest price reduction.
Their prices may decrease by Rs1 million, falling from Rs12 million to Rs11 million.
The revised figures in the documents also show a reduction from Rs12.1 million to Rs11.1 million, marking a decrease of Rs1 million.
The proposed cuts in Federal Excise Duty (FED) and customs duties are expected to lower prices across several categories of locally manufactured petrol vehicles under the new auto policy. These estimates are included in the policy documents, while the final impact will depend on how the proposed measures are implemented.
