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Car Prices In Future Will Be High: Here Are Reasons

24 Aug 2021   1288
Car Prices In Future Will Be High: Here Are Reasons

Car Prices In Future Will Be High: Here Are Reasons

The car prices in the near future will be high. According to experts, the major reason in the upcoming hike in the car prices is the increases in the cost of raw material and freight charges.

While talking to a media outlet, the Director of Sales and Marketing at Changan Pakistan Syed Shabbiruddin, said the imported steel is used in the 70 to 80 percent vehicles that’s why it will be a major reason for increasing prices of vehicles in coming months. He further told that the recent hike in the motorbike prices was due to high cost of raw material.

Car Prices In Future Will Be High: Here Are Reasons


According to another analyst at JS Global Capital Ltd, Waqas Ghani said that the price of Cold Roll Channel steel sheets was 132,000 per ton a year ago. Now the price of steel sheet has been increased by 75 percent to Rs 239,000 per ton. So due to increase in the price of steel sheet will also increase the prices of the vehicles.

Car Prices In Future Will Be High: Here Are Reasons
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