Hyundai Nishat Motor (Private) Limited has revised the ex-factory prices of several hybrid vehicles following changes in federal tax policy, while also rolling out a limited-time Azadi promotional discount on selected models.
According to a circular issued to Hyundai Nishat dealers on August 11, the revised prices took effect from August 12, 2026. The company attributed the increases to changes introduced under the Federal Budget 2026-27, including a rise in sales tax to 25 percent on applicable vehicles.
Hybrid Prices Rise by Around 15.2%
The revised ex-factory prices represent an increase of roughly 15.2 percent compared to pre-budget pricing across the affected hybrid lineup.
| Vehicle | Pre-Budget Ex-Factory Price | New 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 |
Azadi Offer Brings Discounts Through August 31
To mark Pakistan’s 79th Independence Day, Hyundai Nishat has also introduced a special Azadi promotional offer on selected models, valid until August 31, 2026. Under the offer, customers can purchase eligible vehicles at discounted ex-factory prices, as shown below.
| Vehicle | New Ex-Factory Price | Discounted 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 |
Hyundai Nishat said customers who book an eligible vehicle through full payment during the promotional period can lock in the vehicle’s ex-factory price until the offer ends on August 31.
Company Says Increase Reflects Tax Policy, Not a Standalone Hike
Hyundai Nishat clarified that the price revision stems directly from the new government tax policy and does not represent a price increase imposed independently by the company.
