- Changan is offering a limited-time reduction for the Oshan X7 until June 15th.
- Recent car price decreases include the Kia Stonic by over Rs. 15 lakh.
- Infrequent significant price cuts prompt questions about car manufacturers’ motivations.
Here’s more good news for those eagerly anticipating price reductions that hadn’t occurred in previous years. Following Kia Lucky Motors, Peugeot Pakistan, and Pakistan Suzuki, Changan has also lowered the price of its popular crossover SUV, the ‘Oshan X7,’ but only for a limited time, from May 4 to June 15, 2024.
In October 2023, Changan Pakistan reduced the price of its car by Rs. 250,000. This marks the fourth price reduction announced within a week, adding to the ongoing series of sudden price drops.
New Prices of the Oshan X7
- The Changan Oshan X7 Comfort variant will now cost Rs. 7,999,000 against the old price of Rs. 8,299,000. The price has been reduced by Rs. 250,000.
- The price of the Oshan X7 FutureSense has also decreased by Rs. 400,000, taking the car’s price to Rs. 8,549,000 from the old price of Rs. 8,949,000.
Massive Price Drop
Recently, car prices have witnessed a notable decrease, starting with Kia’s reduction of over Rs. 15 lacs for the Stonic, followed by the Peugeot 2008’s Rs. 4.5 lacs reduction, and the Suzuki Swift’s decrease of Rs. 7.1 lacs. This sequence of events is indeed intriguing.
Significant price cuts like these are infrequent in Pakistan, happening only sporadically. This raises the question: what has prompted these adjustments in vehicle prices by car manufacturers? Let’s explore further. Renowned economist Ali Khizer is available to provide insights into this emerging trend.
The Reason
The Stonic experiences a 24% decrease, the Swift by 13%, the Yaris by 1.3 CVT, and the City CVT by 3%. The new prices range from Rs. 4.69M to Rs. 4.77M, significantly lower than the pre-revision rates of Rs. 4.83M to Rs. 6.28M.
[embedpost slug=”/honda-cd-70cc-latest-price-in-pakistan-features-may-2024/”]
This significant adjustment reflects a strategy to maintain prices below Rs. 4 million without GST, driven by the high 25% GST on cars. Kia initiated this by reducing the Stonic’s price, targeting the sub-Rs. 4 million bracket without GST, a strategy also adopted by Suzuki with the new pricing of the Swift. Ultimately, companies are navigating to avoid the new GST slab, inadvertently benefiting consumers.
What are your thoughts on the recent decision to adjust the price of the Oshan X7? Share your opinions in the comments section below
