Hyundai Nishat Motor (Private) Limited has revised the ex-factory prices of several hybrid vehicles following changes in the federal taxation policy, while also announcing a limited-time Azadi promotional offer on selected models.
According to a circular issued to Hyundai Nishat dealers on August 11, the company revised the ex-factory prices of the affected vehicles with effect from August 12, 2026. The company attributed the price revisions to changes introduced under the Federal Budget 2026-27, including an increase in sales tax to 25% on applicable vehicles.
The revised prices represent increases of around 15.2% compared with the pre-budget ex-factory prices.
| Vehicle | Pre-Budget Ex-Factory Price | New Tentative Ex-Factory Price | Increase |
|---|---|---|---|
| Elantra Hybrid | Rs. 9,895,000 | Rs. 11,400,000 | Rs. 1,505,000 |
| Tucson Hybrid Smart FWD | Rs. 11,220,000 | Rs. 12,926,000 | Rs. 1,706,000 |
| Tucson Hybrid Signature AWD | Rs. 12,240,000 | Rs. 14,101,000 | Rs. 1,861,000 |
| Santa Fe Hybrid Smart FWD | Rs. 12,650,000 | Rs. 14,574,000 | Rs. 1,924,000 |
| Santa Fe Hybrid Signature AWD | Rs. 13,995,000 | Rs. 16,123,000 | Rs. 2,128,000 |
Hyundai Nishat also announced a special Azadi promotional offer to mark Pakistan’s 79th Independence Day. The offer applies to selected models and will remain valid until August 31, 2026.
Under the promotional offer, customers can receive discounted ex-factory prices on the eligible vehicles.
| Vehicle | New Tentative Price | Discounted Ex-Factory Price | Customer Savings |
|---|---|---|---|
| Elantra Hybrid | Rs. 11,400,000 | Rs. 10,761,000 | Rs. 639,000 |
| Tucson Hybrid Smart FWD | Rs. 12,926,000 | Rs. 12,202,000 | Rs. 724,000 |
| Tucson Hybrid Signature AWD | Rs. 14,101,000 | Rs. 13,300,000 | Rs. 801,000 |
| Santa Fe Hybrid Smart FWD | Rs. 14,574,000 | Rs. 13,258,000 | Rs. 1,316,000 |
| Santa Fe Hybrid Signature AWD | Rs. 16,123,000 | Rs. 14,720,000 | Rs. 1,403,000 |
The company said customers who book an eligible vehicle through full payment can avail themselves of a price lock on the vehicle’s ex-factory price during the promotional period ending August 31.
Hyundai Nishat clarified that the price revision resulted from the new government tax policy and did not represent a price increase independently imposed by the company.
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