Hyundai Nishat Motor (Private) Limited has revised the ex-factory prices of several hybrid vehicles in Pakistan. The changes come after revisions to the federal taxation policy under the Federal Budget 2026-27.
According to a circular issued to Hyundai Nishat dealers on August 11, the new prices became effective from August 12, 2026. The company said the revisions were linked to changes in government taxes, including an increase in sales tax to 25% on applicable vehicles.
The revised prices are around 15.2% higher than the pre-budget ex-factory prices. The Elantra Hybrid has increased from Rs. 9.895 million to Rs. 11.4 million, showing an increase of Rs. 1.505 million.
The Tucson Hybrid Smart FWD now has a tentative ex-factory price of Rs. 12.926 million. Its previous price was Rs. 11.22 million, marking an increase of Rs. 1.706 million.
The Tucson Hybrid Signature AWD has increased from Rs. 12.24 million to Rs. 14.101 million. This represents an increase of Rs. 1.861 million.
The Santa Fe Hybrid Smart FWD has also received a major price revision. Its price has increased from Rs. 12.65 million to Rs. 14.574 million, an increase of Rs. 1.924 million.
Meanwhile, the Santa Fe Hybrid Signature AWD now carries a tentative ex-factory price of Rs. 16.123 million. Its previous price stood at Rs. 13.995 million, reflecting an increase of Rs. 2.128 million.
Alongside the price revisions, Hyundai Nishat has introduced a special Azadi promotional offer. The campaign has been launched to mark Pakistan’s 79th Independence Day.
The promotional offer is available on selected hybrid models until August 31, 2026. Customers can receive discounted ex-factory prices during the promotional period.
Under the offer, the Elantra Hybrid will be available for Rs. 10.761 million. Customers can save Rs. 639,000 compared with its new tentative price.
The Tucson Hybrid Smart FWD will be available at Rs. 12.202 million. The promotional offer provides savings of Rs. 724,000 on the model.
The Tucson Hybrid Signature AWD will be offered at Rs. 13.3 million. Customers can receive savings of Rs. 801,000 under the promotion.
The Santa Fe Hybrid Smart FWD will be available for Rs. 13.258 million. The offer provides customers with savings of Rs. 1.316 million.
The Santa Fe Hybrid Signature AWD will receive the biggest discount among the listed models. Its promotional price has been set at Rs. 14.72 million, offering savings of Rs. 1.403 million.
Hyundai Nishat has also announced a price-lock facility for eligible customers. Buyers who book an eligible vehicle through full payment can lock the vehicle’s ex-factory price during the promotional period.
The price-lock facility will remain available until August 31, 2026. Hyundai Nishat clarified that the revised prices resulted from the government’s new taxation policy and were not an independently imposed price increase by the company.
Also read: Hyundai Announces Palisade Prices for Pakistan Market
