CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

News Image

By MG News | April 16, 2025 at 05:45 PM GMT+05:00

0:00

Apr 16, 2025 (MLN):  The Competition Commission of Pakistan (CCP) has cracked down on Nishat Hyundai Motors, slapping the auto giant with a Rs25 million penalty for deceptive marketing tactics during the much-hyped 2020 launch of its Hyundai Tucson SUV.

The CCP launched an investigation after Hyundai's big Facebook Live event, where it introduced the Tucson with "introductory prices" of Rs4,899,000 for the GLS/FWD model and Rs5,399,000 for the ULTIMATE/AWD model.

However, the Commission found that the special prices were only valid for less than 24 hours, and the disclaimer "for a limited time only" was printed in very small, hard-to-read text.

Right after the short booking window, Hyundai increased the prices by Rs200,000 and removed all mentions of the original prices from their website and social media pages.

The CCP ruled that this marketing strategy was misleading and unfair, saying Hyundai didn't clearly explain the terms of the offer and created confusion among customers.

They called it a case of "bait advertising", where consumers are attracted with a low price that disappears almost immediately.

The Commission also pointed out that Hyundai follows better marketing practices in other countries, and Pakistani consumers deserve the same standards.

This fine is a clear warning to companies: honest advertising matters, and misleading the public comes with consequences.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 118,147.74
74.61M
-1.56%
-1875.50
ALLSHR 73,768.29
219.96M
-1.59%
-1188.66
KSE30 36,037.72
31.17M
-1.36%
-495.51
KMI30 174,176.52
37.43M
-1.95%
-3471.55
KMIALLSHR 50,488.53
129.23M
-1.80%
-924.43
BKTi 30,070.90
10.91M
-0.30%
-90.95
OGTi 26,504.67
4.01M
-1.87%
-503.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 101,775.00 102,190.00
99,090.00
-1645.00
-1.59%
BRENT CRUDE 78.08 81.40
77.70
1.07
1.39%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-3.35
-3.67%
ROTTERDAM COAL MONTHLY 103.85 0.00
0.00
0.10
0.10%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 74.85 78.40
74.51
1.01
1.37%
SUGAR #11 WORLD 16.53 16.73
16.44
0.22
1.35%

Chart of the Day


Latest News
June 23, 2025 at 11:50 AM GMT+05:00

VIS reaffirms entity rating of Master Textile Mills Ltd


June 23, 2025 at 10:54 AM GMT+05:00

TRG Pakistan plans Supreme Court appeal over SHC ruling


June 23, 2025 at 10:53 AM GMT+05:00

Pakistan voices alarm over rising Middle East tensions


June 23, 2025 at 10:39 AM GMT+05:00

Iran stands firm on nuclear program after attacks



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg