ISLAMABAD – Just days after the federal government rolled out its budgetfor 2019-20, Honda Atlas (Pakistan) Limited (HACPL) has increased theprices of its cars by Rs. 400,000 to Rs. 425,000.
HACPL has issued an official notification which is available withProPakistani. The document blamed continuous devaluation of Pakistanicurrency 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 notificationread.
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 4,00,000Civic 1.8L VTI CVT 3,199,000 3,599,000 400,000Civic 1.8L VT SR CVT 3,399,000 3,824,000 4,25,000City 1.3L MT 1,919,000 2,179,000 2,60,000City 1.3L AT 2,059,000 2,319,000 2,60,000City 1.5L MT 1,979,000 2,239,000 2,60,000City 1.5L AT 2,119,000 2,379,000 2,60,000City 1.5L Aspire MT 2,134,000 2,394,000 2,60,000City 1.L Aspire AT 2,274,000 2,554,000 2,80,000BR-V MT 2,284,000 2,589,000 3,05,000BR-V CVT 2,434,000 2,784,000 3,50,000BR-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.
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The new prices will apply on the bookings after June 19, cars booked beforethis date with full/partial payments shall be invoiced on the older rates.
The notification mentioned that the consignee stock present at thedealerships 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 beissued on first July.
