Connect with us

Tech

Changan Motors Revokes Its Massive Price Hike Following Govt Intervention

Published

on

Master Changan Motors

In an announcement made earlier this week, Master Changan Motors announced an increase in the cost of its entire lineup of vehicles. Because of this development, the government has taken action and ordered the corporation to “halt any further price increases.”

Following the government’s demands, Changan has chosen to temporarily postpone the revised prices of all vehicles in its lineup indefinitely, with no end date in sight. The corporation made the information available to the public through a public announcement on social media platforms.

Read Also
MoIT&T Announces 3G and 4G Spectrum Auction Policy
Changan Motors Revokes Its Massive Price Hike Following Govt Intervention

Changan Motors Revokes Its Massive Price Hike Following Govt Intervention

In the notice, the company stated that the price increase was the result of an increase in freight charges from $800 to $4000, and it also called to the government to assist them by cutting freight charges and providing operational assistance so that future price increases can be avoided.

The statement also stated that delivery of already scheduled automobiles will continue as usual; however, no information was provided about current or prospective bookings in the statement.

Read Also
WhatsApp sues the Modi government, says new restrictions will kill privacy

Many other manufacturers in Pakistan would be concerned by the recent government intervention, as the recent supply chain difficulties would have provided an excellent justification for a price increase across the whole Pakistani automobile industry.

Follow Newsline.pk on Facebook, Twitter, and Instagram.

Do you have something to say to the story? Please share it in the comments section below.

Comments

Trending