GST hike pushes up hybrid vehicle prices

The recent hike in the general sales tax on hybrid vehicles has led to significant price increases for hybrid models in Pakistan. Toyota and Honda have raised their rates by over Rs1.3 million, while other manufacturers have temporarily suspended invoicing and deliveries. This price surge comes as the government has yet to announce the new Auto Policy 2026-31, leaving the industry in uncertainty. The implications are notable for consumers, who now face higher costs for eco-friendly options, and for the broader auto sector, which needs clear policy direction to thrive.