Car Prices After Budget 2024-25 | Massive Tax Imposed on Cars | Hybrid & EV Cars Tax Increased

In the upcoming budget 2024-25, the governments are expected to announce 10 percent increase in salaries of the employees. However, the final decision will be taken by the governments after reviewing the recommendations by the finance ministry. The increment, if approved, will come into effect from July 2024.
Tax breaks on hybrid, luxury EVs ended 'to boost local industry' KARACHI: In a bid to appease the local assemblers, the government has abolished customs duty on the import of hybrid cars and luxury electric vehicles (EVs).
Car prices significantly increased after this so called relief budget 2024-25 in which Suzuki Alto, Suzuki Wagon R & Suzuki swift price will be significantly increased. Similarly Kia Stonic, Changan Oshan, Honda Civic RS & Hyundai Elantra prices are already high in the market so this because the tax rate will be more than before due to the Govt imposing Taxes with respect to car prices.
#tax #budget2024 #automobile