Honda Pakistan may drastically raise car prices in Pakistan, one of the largest ever increase expected
ISLAMABAD - According to informed sources, the three big local auto companies – Toyota Indus, Pak Suzuki, and Honda Pakistan might soon come up with new, increased prices for their products.
They are expected to make an announcement somewhere during the next few weeks.
As per the report, Pak Suzuki’s price increase will be from Rs. 50,000 to Rs. 100,000 for its product line. Toyota Indus, on the other hand, is going for a straight up Rs. 150,000 increment. Lastly, Honda Pakistan is expected to go for a Rs. 150,000 to Rs. 215,000 increase for its lineup.
A spokesperson from one of the local companies said,
We know that our sales have declined by 30 percent due to ban on non-filers to purchase cars, but the companies cannot bear the brunt of current depreciation in Pak rupees and increase in different taxes and duties,
Other brands are also likely to announce new prices soon as well as motorcycle companies.