Drastic rise in the prices of Honda Civic, Toyota Grande
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ISLAMBAD - Buying a Honda Civic or Toyota Grande will now cost you Rs280,000 more because the government has increased duties on these cars in its supplementary budget announced on Wednesday.
In the Finance Supplementary (Second Amendment) Bill, 2019, the government had proposed a 10% increase in federal excise duty for locally-manufactured motor vehicles with an engine capacity of 1800cc and above.
However, it has now revised the proposed engine capacity to 1700cc variants and above.
This means that the Honda Civic 1799cc variant and Toyota Altis Grande 1798cc variant will now fall under the purview of this amendment and see a price increase of 10%.
According the company websites, the variants of both cars are selling for Rs2.8 million.
While lovers of Civics and Grandes will have to pay more, the supplementary bill comes with another amendment that will allow non-filers to buy locally-manufactured cars irrespective of their engine capacity.
This is because the government has abolished a restriction that barred non-filers from buying new vehicles above 1300cc engine capacity.
