The year 2022 was a dismal one for Pakistan’s auto industry. The economic crisis has caused car costs to soar to incredible heights, making them unaffordable for a large percentage of consumers.
Despite having a high level of localised manufacture in Pakistan, Pak Suzuki Motor Company (PSMC), Toyota Indus Motor Company (IMC), and Honda Atlas Cars Limited (HACL) have hiked the prices of their vehicles by significant amounts.
Here’s how their old and new prices compare from January to December 2022.
Toyota IMC
| Variants | Price in January 2022 (Rs.) | Price in December 2022 (Rs.) | Increase (Rs.) |
| Toyota Yaris | |||
| 1.3 Gli M/T | 2,612,000 | 3,539,000 | 927,000 |
| 1.3 Gli CVT | 2,817,000 | 3,769,000 | 952,000 |
| 1.3 ATIV M/T | 2,745,000 | 3,729,000 | 984,000 |
| 1.3 ATIV CVT | 2,919,000 | 3,929,000 | 1,010,000 |
| 1.5 ATIV X M/T | 2,970,000 | 4,009,000 | 1,039,000 |
| 1.5 ATIV X CVT | 3,175,000 | 4,259,000 | 1,084,000 |
| Toyota Corolla | |||
| Altis 1.6 M/T | 3,380,000 | 4,569,000 | 1,189,000 |
| Altis 1.6 CVT | 3,534,000 | 4,979,000 | 1,445,000 |
| Altis SE 1.6 CVT | 3,892,000 | 5,479,000 | 1,587,000 |
| Altis 1.8 CVT | 3,872,000 | 5,639,000 | 1,747,000 |
| Altis 1.8 Grande CVT Beige Interior | 4,179,000 | 5,709,000 | 1,530,000 |
| Altis 1.8 Grande CVT Black Interior | 4,199,000 | 5,749,000 | 1,550,000 |
| Toyota Hilux | |||
| Revo G 2.8 M/T | 6,947,000 | 9,839,000 | 2,892,000 |
| Revo G 2.8 A/T | 7,306,000 | 10,309,000 | 3,003,000 |
| Revo V 2.8 A/T | 8,032,000 | 10,599,000 | 2,567,000 |
| Revo Rocco | 8,472,000 | 11,179,000 | 2,707,000 |
| Toyota Fortuner | |||
| Fortuner G A/T | 8,569,000 | 11,579,000 | 3,010,000 |
| Fortuner V A/T | 9,941,000 | 13,259,000 | 3,318,000 |
| Fortuner Sigma4 A/T | 10,392,000 | 13,969,000 | 3,577,000 |
| Fortuner Legender A/T | 10,842,000 | 14,699,000 | 3,857,000 |
Honda Atlas
| Variants | Price in January 2022 (Rs.) | Price in December 2022 (Rs.) | Increase (Rs.) |
| City | |||
| 1.2 M/T | 2,729,000 | 3,769,000 | 1,040,000 |
| 1.2 CVT | 2,949,000 | 3,899,000 | 950,000 |
| 1.5 CVT | 3,146,000 | 4,139,000 | 993,000 |
| 1.5 Aspire M/T | 3,279,000 | 4,299,000 | 1,020,000 |
| 1.5 Aspire CVT | 3,454,000 | 4,479,000 | 1,025,000 |
| Civic | |||
| Civic M-CVT | 5,099,000 | 6,349,000 | 1,250,000 |
| Civic Oriel M-CVT | 5,399,000 | 6,599,000 | 1,200,000 |
| Civic RS LL-CVT | 6,149,000 | 7,549,000 | 1,400,000 |
| HR-V | |||
| VTi | N/a | 5,999,000 | N/a |
| VTi S | N/a | 6,199,000 | N/a |
| BR-V | |||
| 1.5 iVTEC S CVT | 3,689,000 | 4,939,000 | 1,250,000 |
ak Suzuki
| Variants | Price in January 2022 (Rs.) | Price in December 2022 (Rs.) | Increase (Rs.) |
| Alto | |||
| Alto VX | 1,308,000 | 1,699,000 | 391,000 |
| Alto VXR | 1,546,000 | 1,976,000 | 430,000 |
| Alto VXR AGS | N/a | 2,120,000 | N/a |
| Alto VXL AGS | 1,747,000 | 2,223,000 | 476,000 |
| Wagon R | |||
| Wagon R VXR | 1,877,000 | 2,421,000 | 544,000 |
| Wagon R VXL | 1,975,000 | 2,564,000 | 589,000 |
| Wagon R AGS | 2,158,000 | 2,802,000 | 644,000 |
| Cultus | |||
| Cultus VXR | 2,050,000 | 2,754,000 | 704,000 |
| Cultus VXL | 2,244,000 | 3,024,000 | 780,000 |
| Cultus AGS | 2,422,000 | 3,234,000 | 812,000 |
| Swift | |||
| Swift GL M/T | 2,499,000 | 3,180,000 | 681,000 |
| Swift GL CVT | 2,699,000 | 3,420,000 | 721,000 |
| Swift GL Limited Edition CVT | N/a | 3,450,000 | N/a |
| Swift GLX CVT | 2,899,000 | 3,760,000 | 861,000 |
| Bolan | |||
| Bolan VX | 1,176,000 | 1,500,000 | 324,000 |
Earlier this year, the new regime changed the policies drastically to stop auto-sector imports. Those changes included:
- 100% regulatory duties (RDs) on CBU vehicle imports.
- Letter of Credit (LC) approval on limited CKD imports by the State Bank of Pakistan (SBP).
- Restrictions on car financing by SBP.
These actions, along with a few others, have significantly reduced car sales compared to the previous year. Additionally, the inability of the LCs to be approved has made it difficult for the auto industry to import assembly kits, forcing them to observe non-production days (NPDs).
