Hyundai Nishat increases Prices of Elantra and Sonata | CarMandee Blogs | CarMandee

Hyundai Nishat increases Prices of Elantra and Sonata

Ishaq Nabi
by Ishaq Nabi

26-7-2022

1 min read

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Last week when Hyundai Nishat announced an increase in the prices of its Tucson variants, people were left wondering why the prices of Elantra and Sonata have not been increased.

However, not even a week later, last night we received a notification from the company announcing an increase in both of its sedans.

The move comes as the national currency continues to nosedive. Automakers claim that they have no other choice but to increase prices once again.

Updated Price of Hyundai Elantra

The Elantra 1.6 now costs Rs. 5,099,000, after its price was increased by Rs. 757,010. Previously, its cost was Rs. 4,341,990.

Moreover, the Hyundai Elantra 2.0 now went from Rs. 4,998,490 to Rs. 5,499,000 after an increase of Rs. 500,510.

Updated Price of Hyundai Sonata

Sonata 2.0 witnessed the greatest increase. Its price went from Rs. 7,068,990 to Rs. 7,899,000, observing a massive increase of Rs. 830,010.

On the other hand, Sonata 2.5 didn’t go through a small increase either. It’s price went from Rs. 7,927,490 to Rs. 8,499,000, recording an increase of Rs. 571,510.

Bear in mind these are quite significant increases, especially for sedans and that too CKDs. However, the increased prices are inclusive of the Capital Value Tax (CVT).

Final thoughts

As we’ve been asserting in our last few articles that the automotive industry is in a huge mess. Despite the huge sales figures, the sky-high prices are too much for the average consumer.

While automakers can continue lamenting the depreciating value of rupees, the average consumer is having a hard time getting his/her hands on their desired cars.

We hope that this freefalling cycle of the rupee ends soon and it starts appreciating once again to a point we haven’t seen in years. However, that seems like a far-fetched dream.

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