Car prices raised by 11%.

KARACHI -- Auto manufacturers have increased prices yet again on the grounds of economic uncertainties, exchange rate issues and an increase in sales tax.

Lucky Motor Corporation Limited (LMCL) increased the price of its Stonic EX and EX plus to Rs5.2 million and Rs5.73 million respectively, from Rs4.9 million and Rs5.4 million. Similarly, the Sportage Alpha, FWD and AWD prices have also been raised to Rs7.05 million, Rs7.79 million and Rs8.37 million respectively, compared to the earlier prices of Rs6.65 million, Rs7.35 million and Rs7.9 million.

Auto Analyst at JS Global, Wasil Zaman said, 'The automakers have increased prices by 11% this time, of which 7% is due to higher GST on 1400cc+ vehicles and 4% for all vehicles due to the rupee's devaluation against the dollar.' The new 25% GST rate became applicable on all 1,400cc and above vehicles on March 8, 2023.

The assembler and seller of...