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Changan Pakistan increases car prices

Dealers expect the sales to go down by 15%

SAMAA | - Posted: Nov 26, 2021 | Last Updated: 2 months ago
SAMAA |
Posted: Nov 26, 2021 | Last Updated: 2 months ago

twitter/changan_cop

Changan Pakistan has increased prices of all their car variants as the company follows in the footsteps of other car manufacturers.

The prices have been increased by up to Rs275,000 and the company has cited increasing shipment cost due to container shortage as a major reason. “The freight charges have gone up,” the company said.

The new prices have already taken effect.

This is the second price increase announcement from Changan Motors this year. The company increased the prices of Alsvin variants by Rs120,000 in August but had to withdraw the decision after government intervention.

However, car prices in Pakistan witnessed a new wave of hike in November and almost all automakers announced the revised prices in wake of rising shipping costs and depreciating value of the rupee.

Changan Alsvin

The prices of Changan Alsvin 1.3L M/T Comfort, Alsvin 1.5L DCT Comfort and Alsvin 1.5L DCT Lumiere have gone up by Rs275,000. These variants will now be selling for Rs2.42 million, Rs2.67 million and Rs2.86 million, respectively.

Alsvin is the most popular model from Changan in Pakistan

Changan Karvaan

The prices of Changaan Karvaan MPV and Karvaan MPV Plus have gone up by Rs275,000 each. The new prices of both variants are Rs1.67 million and Rs1.81 million respectively.

Changan M9 Loader Pickup has seen a price hike of Rs275,000 and will now cost Rs1.50 million.

Why did cars prices go up?

Research analyst Abdul Ghani Miannoor said that the shipping costs have increased five times. “The demand of the containers went up after the lockdown was lifted but supply of containers couldn’t meet the expected demand due to limited shipping capacity,” Ghani said.

A changan dealer said that the company imports almost all of the parts from China and assembles units in Pakistan. “The costs of raw materials such as steel and aluminum have increased in the international market and the dollar has touched an all-time high of Rs178.30, putting pressure on the imports bill. Moreover, sea freight charges have jacked up,” she added.

Association of Pakistan Motorcycle Assemblers (APMA) Chairperson Muhammad Sabir Shaikh said that due to Covid restrictions, countries such as China have reduced their number of workers at the ports which is creating hurdles.

Sheikh said that China is experiencing a container shortage as it is one of the counties with high exports volume. “Apart from that, an unexpected demand is created after the lockdown was lifted in different countries,” Shaikh added.

How will the price hike impact car sales?

Ghani said that the sales of the company may go down due to the jump in car prices.

Changan dealers said that the sales may decline by 10% to 15% due to price increase.

However, they claimed that Changan cars are still priced low as compared to other brands with the same features. “Since all the big players have increased car prices, the price hike may not cause a big dent,” a dealer added.

Shaikh says that the own money on cars is not expected to go down as a result of price hike.

Own money is a price an investor charges from a customer who wants to buy a vehicle immediately. It is higher than the actual price of the vehicle

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13 Comments

  1. M Farhan Nasir  November 27, 2021 10:32 am/ Reply

    Its not OWN MONEY, its ON-MONEY, which is the extra money paid above the actual price to get the car instantly. Plz check for correction..Thanks

    • Mahim Maher  November 27, 2021 10:59 am/ Reply

      Farhan sb, we checked again and it is “own” money.

    • Ali  November 27, 2021 12:36 pm/ Reply

      Its ridiculous, why cant companies comprise their profit margin. What is benefit of Govt’s car policy in tax reduction?? . Govt had reduced the taxes to make it affordable to all but again companies increase their prices at own…. seems Govt have little control.
      2.75 lakh jump and and increasing the price twice with in 9/10 months of launching, Alsvin will lose the trust of customers….
      It’s very bad news for middle class community…

  2. M kamran butt  November 27, 2021 7:47 pm/ Reply

    I apply for new changaan karwaan plus before few days from my bank and today my bank inform me About the price has been increased. I suddenly Change my mind to buy this car with new price and I rejected.

  3. Hussain  November 27, 2021 9:52 pm/ Reply

    I’m feeling very disappointed and hopeless after listening that even giving full payment of Changan Alsvin I have to pay the price because it is increased now….

    My case is that, I’ve booked the car in the start of August 2021 with partial payment, My tentative delivery month is November/December 2021.
    So, in the start of November I’ve given full payment as requested by the showroom.

    I’ve sold my car, applied for loan and arranged the money.

    Me & my family was very happy and counting the days but suddenly we got a call from Changan’s showroom, they are asking to pay 1,75,000 in 4 days and saying that if you can’t pay this amount in 4 days then you will be paying 2,75,000 at the time of delivery.

    Neither I’ve money to pay nor our small car (which is sold)

    This shouldn’t happen at least with the customers, which already had full payment..

    It’s as like as you cheat someone in normal life And obviously, Allah is watching us.

  4. Maryam  November 28, 2021 1:38 am/ Reply

    We already have booked Alsvin considering low price but now prices have been increased and now are being forced to pay new higher price which is unacceptable. Govt should take action on it.

  5. Maryam.  November 28, 2021 1:40 am/ Reply

    We already have booked Alsvin considering low price but now prices have been increased and now are being forced to pay new higher price which is unacceptable. Govt should take action on it..

  6. M. Aamer Khan  November 29, 2021 12:30 am/ Reply

    Alsvin sale will definitely go down. I wish this government could have some control over mafias but it seems that government is being run by mafias.

  7. M anwar  November 29, 2021 1:37 am/ Reply

    Me minds but now we careful about .

  8. Asadullah  November 30, 2021 12:51 pm/ Reply

    I have paid full payment in Oct 2021. Changan motors given excuses for delay in car to delivery due to unavailability of chosen color. yesterday I got called to pay 1.75 lakh extra for delivery. I have drop complain on citizen portal for that mafia.
    Please drop more complain on citizen portal so Govt take any legal action.
    I have seen Facebook groups there are lot of customers facing same issue they are going to file petition in court and as well they drop complain in citizen portal.
    Please drop more and more complain in citizen portal.

  9. CP World Co  November 30, 2021 2:28 pm/ Reply

    we had choosen Changan ALSVIN considering low price with smart specification, i booked in mid september with delivery time given end december, now dealer has informed us that we have to pay 2.75 additional along with balance payment. what is our mistake to choose alsvin in low budget, it is totally wrong. if company has increased the prices then it should to be applied in new bookings not on those which already been booked & nearer to its delivery period. my personal opinion that Changan is newely launched its variant with low prices in Pakistan and peoples considered to buy changan by ignoring other brand due to its reasonable prices now all will go back to old brand besides to buy Changan units for sure. Master motor should re-consider the prices and safe their purchase from falling..

  10. Khan 1978  December 4, 2021 12:39 am/ Reply

    I’m feeling very disappointed on the booking of Changan Alsvin ….

    My case is that, I’ve booked the car in the start of August 2021 with partial payment, My tentative delivery month is November/December 2021.

    I’ve sold my car, and arranged the money.

    Me & my family was very happy and counting the days but suddenly we got a call from Changan’s showroom, they are asking to pay 2,75,000 at the time of delivery.

    This shouldn’t happen at least with the customers, which already had booked the car in August 2021.new rules should be applied from December 2021 on new booking .the other companies Honda and Toyota official letter information tell us .they will apply new increased price on new booking from December 2022.

    • Akhlaq Ahmed Qureshi  December 6, 2021 3:02 pm/ Reply

      It is not fair or justified on part of master motor to increase price for old booking when we have reached to delivery time. This extra ordinary price hike will definitely definitely shake customer trust and effect the Changan name. Its newly introduced car in the market and Changan has to establish their name in the m
      a get recognition in the market they can not compare their brand with establish brand like toyota, Suzuki snd Honda ,pricewise or quality wise.company must support their pioneer customer.

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