While the local car market is experiencing a downward trend in prices, Hyundai Nishat has taken a unique stance by announcing a price increase for its commercial vehicle, Porter H-100, by Rs. 200,000. This unexpected decision, which goes against the current market dynamics, will come into effect from July 2024.
New Porter Price
- The first variant, Deckless, will now cost Rs. 4,039,000 instead of Rs. 3,839,000.
- The new price of Flat-Deck is Rs. 4,059,000 instead of the previous Rs. 3,859,000.
- The High-Deck used to cost Rs. 3,879,000, and after a hike of Rs. 200,000, it will now cost Rs. 4,079,000.
- The Deckless with AC will now cost Rs. 4,149,000 instead of the old rate of Rs. 3,949,000.
- The next variant, Flat-Deck with AC, will now cost Rs. 4,169,000 instead of Rs. 3,969,000.
- The last variant, High-Deck with AC, used to cost Rs. 3,989,000, and after the hike, its price reached Rs. 4,189,000.
Hyundai Statement
In a statement, the company stated that in response to the evolving market landscape, we are enacting adjustments to the pricing structure of Porter H-100. “This proactive step underscores our commitment to fairness, integrity, and sustained competitiveness in our pricing strategy,” the car assembler said.
Hyundai Nishat reiterates its commitment to transparency and effective communication. The company clarifies that the price adjustment only applies to Porter H-100 variants and assures that the prices of our passenger vehicles will remain unchanged until further notice. Your feedback on this matter is highly valued.
Discussing the issue of misinformation, the company mentioned that it has observed the circulation of unfounded speculations and misleading information regarding our pricing framework. “In light of this, we must address this matter with utmost transparency and clarity,” it asserted, adding that the price of a Hyundai vehicle was already competitive and offered exceptional value for money in the market.
What do you think about the new price of the Hyundai Porter H-100? Is it the right decision? Please tell us in the comments section.
