ISLAMABAD - Honda Pakistan has increased prices for its cars ranging from Rs 50,000 to 100,000. A further price hike will also take effect from January next year.
Details suggest that the prices of Civic variants have been increased by Rs 100,000. In January, this will go up again by Rs 110,000 taking the total rise to Rs 210,000.
Prices of City variants will be jacked up Rs 60,000 in October, and another rise of 65,000 is expected in January to take the accumulative cost to Rs 125,000.
Similarly, the cost of BR-V is to be raised by Rs 50,000 this month, which will go up to Rs1 00,000 by January next year with another addition of Rs 60,000.
These prices will come into effect from Monday, October 22.
Analysts believe the hike in two phases is aimed to increase the sales in the meantime because buyers,in a bid to avoid the second round of price hikes, will make early purchases.