Taking its turn, Chery Pakistan has increased the prices of Tiggo 4 Pro and Tiggo 8 Pro. As per the company, the new prices will be applicable from February 13, 2023. In a notification, the company said due to significant and unprecedented devaluation of PKR, the economic conditions and the sky rocketing inflation, it has become unavoidable for GNL to maintain the current retail selling prices of Chery models and we are compelled to pass on the part of this impact to the market.
Terms and Conditions
- All customers order whose complete payments are submitted till January 27, 2023 will be delivered at the previous price. New orders from January 28, 2023 onwards will be delivered at new prices.
- The above prices are ex-factory (exclusive of freight and insurance charges, CVT and Advance Income Tax).
- The revised prices are for limited stock and would be applicable on the orders for complete payments submitted by February 28, 2023.
- Any government tax applicable at the time of delivery will be borne by the customers.
- The prices at the time of delivery would prevail.
New Prices of Tiggo 4 Pro & Tiggo 8 Pro
As per company’s notification:
- The price of Tiggo 4 Pro has been increased by Rs. 600,000, taking it to Rs. 6,099,000 from previous Rs. 5,499,000.
- Chery Tiggo 8 Pro price saw a huge jump of Rs. 1,100,000, and its new price is Rs. 9,299,000 from Rs. 8,199,000.
The company previously increased the prices of both vehicles in September 2022. At that time, the prices were increased by Rs. 500,000 and Rs. 1,100,000, respectively.
Launch of Tiggo 4 & Tiggo 8
Chery Pakistan launched these two crossover SUVs, Tiggo 8 Pro and Tiggo 4 Pro, during a digital launch in March2022. Tiggo 8 Pro joined the 7-seater crossover club, whereas Tiggo 4 Pro joined the 5-seater crossover club. Chery, in partnership with Ghandhara Nissan Limited (GNL), is locally assembling the Tiggo 8 Pro and Tiggo 4 Pro crossover SUVs.
Tiggo 8 Pro goes head to head with the 7-seater cars, Changan Oshan X7 Comfort, DFSK Glory 580 Pro, Kia Sorento, and Toyota Fortuner.
Tiggo 4 Pro competes with other 5-seater crossovers in KIA Stonic, MG ZS, and Peugeot 2008.
Price Increases in 2023
Its just the second month of 2023, but all the car companies have increased the prices, some even twice. The rapid jump in the rates is due to massive devaluation of Pakistani rupee against the USD, ban on imports and above all non-issuance of Letters of Credit (LCs). Furthermore, the companies are forced to halt their production due to unstable and uncertain conditions along with closing the bookings.
The industry has repeatedly requested the government and State Bank of Pakistan (SBP) to open the LCs and stabilize the foreign exchange rate, so that the industry can go back to normalcy. However, the foreseeable future doesn’t seem to be much hopeful for the sector.
