Hyundai hybrid prices rise by over Rs2m

MG News | August 12, 2026 at 11:38 AM GMT+05:00

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August 12, 2026 (MLN): A 25% sales tax on applicable vehicles under the Federal Budget FY2026-27 has driven Hyundai Nishat Motor (Private) Limited to revise ex-factory prices across its hybrid lineup with effect from August 12, 2026, pushing costs up by over 15% across every model in the range.

The steepest jump hits the Santa Fe Hybrid Signature AWD, now dearer by Rs2.128 million (up 15.21%), taking its ex-factory price to Rs16.123m.

The Santa Fe Hybrid Smart FWD follows with a Rs1.924m hike (15.21%), landing at Rs14.574m.

On the Tucson front, the Signature AWD variant rises by Rs1.861m (15.20%) to Rs14.101m, while the Smart FWD trim climbs by Rs1.706m (15.20%) to Rs12.926m.

The Elantra Hybrid, the most accessible of the lot, still sees a sharp Rs1.505m increase (15.21%), now priced at Rs11.4m.

Vehicle	Pre-Budget Ex-Factory Price	New Ex-Factory Price	Difference	Change
Elantra Hybrid	Rs9,895,000	Rs11,400,000	Rs1,505,000	15.21%
Tucson Hybrid Smart FWD	Rs11,220,000	Rs12,926,000	Rs1,706,000	15.20%
Tucson Hybrid Signature AWD	Rs12,240,000	Rs14,101,000	Rs1,861,000	15.20%
Santa Fe Hybrid Smart FWD	Rs12,650,000	Rs14,574,000	Rs1,924,000	15.21%
Santa Fe Hybrid Signature AWD	Rs13,995,000	Rs16,123,000	Rs2,128,000	15.21%

There is, however, a silver lining for buyers moving fast. To coincide with Pakistan's 79th Independence Day, the company has rolled out a limited-time "Azadi Promotional Offer," valid till August 31, 2026, offering discounts that soften the blow considerably.

Vehicle	New Ex-Factory Price	Discounted Price (valid till Aug 31, 2026)	Savings
Elantra Hybrid	Rs11,400,000	Rs10,761,000	Rs639,000
Tucson Hybrid Smart FWD	Rs12,926,000	Rs12,202,000	Rs724,000
Tucson Hybrid Signature AWD	Rs14,101,000	Rs13,300,000	Rs801,000
Santa Fe Hybrid Smart FWD	Rs14,574,000	Rs13,258,000	Rs1,316,000
Santa Fe Hybrid Signature AWD	Rs16,123,000	Rs14,720,000	Rs1,403,000

Customers who complete full payment for an eligible vehicle within the promotional window can also lock in the current ex-factory price ahead of the price revision timeline.

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