Since December 2017, car prices in Pakistan have witnessed a sharp increase in quick successions due to depreciating currency value and added duties and taxes by the government. This has badly dented the sales of local assembled automobiles and the industry is going through a turmoil which is undoubtedly the worst period experienced in the last decade or so.
Despite slowdown there have been a few new car launches in recent months. Kia Lucky Motors have started accepting bookings for their 1000cc Picanto hatchback which is priced at PKR 18.99 lac for manual and PKR 19.99 lac for automatic. The Picanto price tag is in heated debates on social media as many are criticizing company’s move to price it higher than the Pak Suzuki Cultus.
Couple of months ago Pak Suzuki introduced the Alto 660cc as a replacement of 800cc Mehran as the entry level hatchback in their lineup. Soon after its launch, the Alto saw a major revision in its price with top-spec VXL variant reaching PKR 14.33 lac.
As for other available hatchbacks, the Pak Suzuki Cultus cost PKR 18.55 lac for VXL manual and PKR 19.75 lac for the VXL AGS variant. The Swift DLX cost PKR 19.05 lac and PKR 20.5 lac for manual and automatic version respectively.
Considering this, the FAW V2 at PKR 14.99 lac is still the best option when it comes to buying a fully loaded local assembled hatchback in the market. Though one may bring United Bravo into debate but first it doesn’t offer any safety equipment such as ABS and airbags, secondly it still fails to have a nationwide presence as even after a year since launch, the Bravo is available in selected cities of Punjab only.
On the other hand, Al-Haj FAW has more than 20 3S centers across Pakistan, which is more than any other (Chinese) brand in comparison. The company also offers 3 years/ 60,000 km warranty with the V2.
Although FAW V2 has also witnessed multiple price revisions during this time, it still remains the best value for money (local assembled) hatchback available in Pakistan. FAW V2 comes equipped with 1.3 liter VCT-i engine, Dual Airbags, ABS with EBD, Alloy Wheels, Power Windows, Electric Power Steering, Central Locking and Engine Immobilizer. The only thing negative about FAW V2 is the absence of automatic transmission, which if introduced would help the company achieve even better sales.