• Toyota, Honda raise rates by over Rs1.3m; others suspend invoicing, deliveries
• Auto Policy 2026-31 yet to be notified despite expiry of previous regime
KARACHI: With the government yet to announce the Auto Policy 2026-31 following the expiry of the 2021-26 policy on June 30 this year, local assemblers have started raising prices of electrified vehicles after the increase in general sales tax (GST) on hybrid vehicles to 25 per cent from 8.5pc in the budget for FY27.
Indus Motor Company has increased the prices of its two Toyota Corolla Cross hybrid electric vehicle (HEV) models by Rs1.364 million and Rs1.314m to Rs10.299m and Rs9.849m, respectively.
Similarly, Honda Atlas Cars Limited has raised the price of its HR-Ve model by Rs1.370m to Rs10.369m.
