International automaker launches new car in Pakistan, prices announced
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LAHORE – Changan Pakistan has announced the pricing for the most anticipated car Alsvin on Monday.
Master Changan debuted the Changan Alsvin on 11th December via digital video at a large scale press conference at Marriott Karachi, followed by the start-of-production at their plant in Karachi on 14th of December. Exactly one month from the debut, Master Changan is starting bookings and announcing the retail price today on the 11st of January 2021.
Introducing the vision behind Changan Alsvin, Danial Malik, CEO Master Changan said "Our next car is the essence of the same win-win philosophy where the customer doesn't have to compromise on their dreams. A car that can bring unparalleled value to our customers, our dealers, auto-parts manufacturers and the nation overall."
"This is a car that will transform the landscape of the Pakistani automotive industry by bringing features and technology to the customers in the segment that they could previously only have dreamt of," he added.
Unveiling the retail price of the Changan Alsvin; a "smart sedan", Danial said "it is not a cheap car, but the value that is being offered is much higher than its price. The Alsvin brings the Pakistani consumer international level built quality and safety standards, from our state of the art plant which has been designed to become the RHD export hub for Changan vehicles from Pakistan to the world”.
The 1.37L 5-speed Manual Transmission is priced at Rs 2,199,000, 1.5L 5-speed Dual-clutch Automatic Transmission at Rs 2,399,000 and the top-of-the-line 1.5L LUMIERE at Rs 2,549,000. All prices are ex-dealer which means customers in Peshawar and Karachi both can buy at the same price, without paying any extra freight cost.
Commenting on the pricing strategy, Shabbir Uddin, Director Sales and Marketing said “The starting price is even less than many hatchbacks available in Pakistan whether locally assembled or imported from Japan. Whereas the price of 1.5L DCT LUMIERE is around the same as the stripped-down models of other subcompact sedans assembled locally”.
“The additional features offered in 1.5L DCT Lumiere edition compared to the highest price of comparable alternate cars in this segment are Sunroof, Cruise Control, TPMS, Start-Stop Technology and Heated side mirrors. Such features worth at least Rs 200,000 above the comparable alternate model which is priced at around 3,000,000. In that sense the Alsvin offers the value of a 3.2m at a price of Rs 2,549,000.” he added.
Cars in Pakistan are heavily taxed. The retail prices are loaded with 17% Sales Tax and a 5% FED on the retail level in addition to custom duties. So the retail price of the Alsvin 1.5L DCT Lumiere edition of 2,549,000 is actually only Rs 2,075,000 without Sales Tax and FED. The government should consider the reduction of taxes to make automobiles more affordable for the masses and increase total volumes which would in turn result in higher revenue generation for the government.
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