Drastic rise in prices of Honda Cars across Pakistan

Drastic rise in prices of Honda Cars across Pakistan

ISLAMABAD - Just days after the federal government rolled out its budget for 2019-20, Honda Atlas (Pakistan) Limited (HACPL) has increased the prices of its cars by Rs. 400,000 to Rs. 425,000.

HACPL has issued an official notification which is available with ProPakistani. The document blamed continuous devaluation of Pakistani currency for the move.

“Due to Pak Rupee devaluation and owing to its negative exchange rate, HACPL is compelled to increase the price of Honda cars,” the notification read.

The revised prices of cars will be as follows: *Cars* *Current Prices* *New Prices* *Increased By* Civic Turbo RS 3,799,000 4,1999,000 4,00,000 Civic 1.8L VTI CVT 3,199,000 3,599,000 400,000 Civic 1.8L VT SR CVT 3,399,000 3,824,000 4,25,000 City 1.3L MT 1,919,000 2,179,000 2,60,000 City 1.3L AT 2,059,000 2,319,000 2,60,000 City 1.5L MT 1,979,000 2,239,000 2,60,000 City 1.5L AT 2,119,000 2,379,000 2,60,000 City 1.5L Aspire MT 2,134,000 2,394,000 2,60,000 City 1.L Aspire AT 2,274,000 2,554,000 2,80,000 BR-V MT 2,284,000 2,589,000 3,05,000 BR-V CVT 2,434,000 2,784,000 3,50,000 BR-V S CVT 2,569,000 2,919,000 3,50,000

According to the notice, the new prices will be applicable from Monday, June 24th.

The new prices will apply on the bookings after June 19, cars booked before this date with full/partial payments shall be invoiced on the older rates.

The notification mentioned that the consignee stock present at the dealerships until June 22 can be converted/invoiced at current prices, while the remaining inventory will be sold at new rates.

That is not all; the company is also going to add government taxes (FED, customs duty, etc.) to the new prices and a revised price list will be issued on first July.