Master Changan has announced a significant price reduction for its popular crossover SUV, the Oshan X7. Starting from May 4, 2024, until June 15, 2024, customers can enjoy reduced prices on both variants of the Oshan X7.
This limited-time offer comes as a pleasant surprise for those who have been eagerly anticipating a price cut. Earlier in October 2023, Changan Pakistan had already dropped the price of the Oshan X7 by Rs. 250,000. Now, the company has further reduced the price by up to Rs. 400,000, making it the fourth price drop within a week.
New Prices of Oshan X7
- The Changan Oshan X7 Comfort variant now costs Rs. 7,999,000, down from Rs. 8,299,000, reflecting a reduction of Rs. 250,000.
- The price of the Oshan X7 FutureSense variant has been decreased by Rs. 400,000, bringing the new price to Rs. 8,549,000 from the previous Rs. 8,949,000.
Massive Price Drop Trend
This recent price reduction follows a trend of significant declines in car prices across various brands. Kia initiated a reduction of over Rs. 15 lacs for the Stonic, followed by Peugeot 2008’s reduction of Rs. 4.5 lacs, and Suzuki Swift with a decrease of Rs. 7.1 lacs. This series of price cuts marks an intriguing turn of events in the automotive industry.
The Reason Behind Price Adjustments
Economist Ali Khizer sheds light on this emerging trend, pointing out that Stonic has seen a 24% drop, Swift by 13%, Yaris by 1.3 CVT, and City CVT by 3%. The new rates range from Rs. 4.69M to Rs. 4.77M, significantly lower than the pre-revision rates of Rs. 4.83M to Rs. 6.28M.
This substantial adjustment aligns with a strategy to keep prices below Rs. 4M without GST, driven by the hefty 25% GST on cars. Kia’s move to slash Stonic’s price aims for the sub-Rs. 4M bracket sans GST, a strategy echoed by Suzuki with Swift’s new pricing. Ultimately, car companies are navigating to avoid the new GST slab, which inadvertently benefits consumers.
Don’t miss this opportunity to avail of the reduced prices on the Changan Oshan X7, available for a limited time only.
Fahad is an entrepreneur and a marketing enthusiast who loves to write on trending topics. He loves travelling & playing tennis is what he does in his leisure time. He tweets @fahad164.
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