Pakistan's next auto policy finally has numbers that buyers can relate to. The final draft of the Automotive and Auto Parts Policy 2026 to 2031, which Prime Minister Shehbaz Sharif approved on Tuesday 20 October 2026, includes projected first year prices for a set of popular cars, from the Suzuki Alto at the bottom of the market to the Toyota Fortuner at the top.
We have already explained the new 2 percent and 10 percent development levy and the NEV sales tax rates. This article goes one step further. It puts every model the draft and industry analysts have priced into one place, works out the saving in rupees and percent, and pairs each petrol car with the electric or plug in rival the draft compares it against.
The short version
- Almost every car on the list gets cheaper in the first year, with savings from about Rs 300,000 to Rs 5 million
- Battery electric and plug in cars gain far more than petrol cars of the same size
- The Toyota Fortuner is the only car projected to get more expensive, by about Rs 1.2 million
- None of these prices apply yet, because the policy still needs IMF clearance, cabinet approval and a bill in parliament
Draft price estimates, model by model
These are the first year projections reported from the approved draft. The before price is the draft's own baseline, which can differ slightly from today's dealer list price for a given variant. The saving column is our own calculation.
| Model | Type | Price now | Projected price | Change |
|---|---|---|---|---|
| Suzuki Alto | Petrol | Rs 3.2 million | Rs 2.845 million | Rs 355,000 lower (11%) |
| Wuling Bingo | Battery electric | Rs 4 million | Rs 2.7 million | Rs 1.3 million lower (33%) |
| Suzuki Cultus | Petrol | Rs 4.3 million | Rs 3.8 million | Rs 500,000 lower (12%) |
| Comparable small EV | Battery electric | Rs 5.3 million | Rs 3.6 million | Rs 1.7 million lower (32%) |
| Toyota Yaris 1.5 | Petrol | Rs 6 million | Rs 5.3 million | Rs 700,000 lower (12%) |
| Baojun Yep Pulse | Battery electric | Rs 6.3 million | Rs 5 million | Rs 1.3 million lower (21%) |
| MG HS | Petrol | Rs 9.5 million | Rs 9.2 million | Rs 300,000 lower (3%) |
| MG HS PHEV | Plug in hybrid | Rs 10.3 million | Rs 9 million | Rs 1.3 million lower (13%) |
| Kia Sportage | Petrol | Rs 12.2 million | Rs 11.1 million | Rs 1.1 million lower (9%) |
| Haval AWD PHEV | Plug in hybrid | Rs 12.9 million | Rs 11.1 million | Rs 1.8 million lower (14%) |
| Toyota Fortuner | Petrol or diesel | Rs 20.5 million | Rs 21.7 million | Rs 1.2 million higher (6%) |
| Toyota RAV4 PHEV | Plug in hybrid | Rs 23.3 million | Rs 18.3 million | Rs 5 million lower (21%) |
You can check the current list prices of the Suzuki Alto, Suzuki Cultus, Toyota Yaris, MG HS, Kia Sportage and Toyota Fortuner on AutoWheels.
More models analysts have priced
Industry analysts who studied the draft have added estimates for cars the official table does not cover. Treat these as informed estimates rather than official figures.
- GAC Aion UT could fall from about Rs 6.4 million to between Rs 5 million and Rs 5.2 million
- BYD Atto 3 and GAC Aion V, both priced around Rs 9 million, could see meaningful cuts because they are battery electric cars
- Honda HR V hybrid, Haval Jolion and Toyota Corolla Altis buyers could save roughly Rs 600,000 to Rs 800,000
- Jaecoo J7 PHEV could drop from about Rs 10 million to about Rs 8 million
Analysts also gave broad averages by type. Petrol cars could be about 8 to 10 percent cheaper, conventional hybrids about 9 percent, plug in hybrids more than 20 percent, battery electric cars worth less than USD 15,000 about 22 percent and pricier battery electric cars about 8 percent. Range extended cars could end up around 3 percent more expensive, because their sales tax rate rises.
See the current BYD Atto 3, Jaecoo J7, Honda HR V, Haval Jolion and GAC prices for comparison.
Why electric cars gain the most
The gap between each petrol car and its electric rival comes from three changes in the draft.
- Sales tax drops to 1 percent on battery electric cars, 6 percent on range extended cars and 9 percent on plug in hybrids, against 18 percent on petrol cars and conventional hybrids
- Small electric cars worth less than USD 15,000 can be imported at a reduced 5 percent tariff for the first two years
- EV specific parts that are not made locally can come in at 1 percent in kit form
Petrol cars still benefit from lower customs duty, which falls to 15 percent on cars and SUVs by 2031 with no additional or regulatory duty. But they also pay the new automotive development levy, which is zero below 1,000cc, 2 percent from 1,000cc to 2,000cc and 10 percent above 2,000cc. That is why the Alto saves more in percentage terms than the MG HS petrol.
Why the Fortuner goes up
The Fortuner is hit twice. Engines above 2,000cc attract the 10 percent development levy, and the Fortuner also picks up a new 5 percent federal excise duty, because the draft raises excise on cars above 2,000cc and on electric cars worth more than USD 75,000 to discourage them. Together they outweigh the duty cut, pushing the projected price from Rs 20.5 million to Rs 21.7 million. A buyer weighing a big SUV could instead look at a plug in model, where the RAV4 PHEV example shows a Rs 5 million fall. Our Tiggo 9 PHEV vs Fortuner comparison looks at that choice in more detail.
Prices fall further after year one
The table shows only the first year. Customs duty is cut in steps over five years, so officials expect prices to keep easing until 2031 if the rupee stays stable. The final duty schedule and the IMF's view on the sales tax cuts will decide how far they go.
Should you buy now or wait?
- If you need a petrol car now, the first year saving on a small car is roughly 11 to 12 percent, so ask your dealer about price protection before booking
- If you are considering an EV or plug in hybrid, the projected saving is much larger and it may be worth waiting for the policy to be notified
- If you want a car above 2,000cc, prices may rise, so buying before the levy applies could work in your favour
- If you need finance, the draft also proposes a Rs 10 million EV loan limit over five years
Dealers already report that some buyers are holding back. Remember that none of this is law yet. Our guide to what is law now and what is still draft explains the difference, and you can compare any two cars side by side on our comparison page or browse every model on new cars.