Honda Raises Car Prices By 120,000 In Pakistan

May 7, 2020Nouman Ilyas0

Coronavirus causing economic problems, on one hand, local car manufacturer Honda Atlas have raised the prices from 70 thousand to 1 lakh 20 thousand rupees. This was mentioned in a letter sent to all of its dealers on May 4.

The new rates apply to all bookings earned from April 23rd & onwards. The letter reads further that any hike in the international index could lead to another price increase.

The price chart is as follows:

 

Models Current Prices (PKR) Increase (PKR) New Prices (PKR)
Civic 1.5L Turbo RS 4,479,000 120,000 4,599,000
Civic 1.5L Turbo Oriel 4,249,000 120,000 4,349,000
Civic 1.8L VTI SR SVT 3,779,000 120,000 3,899,000
Civic 1.8L VTI CVT 3,549,000 100,000 3,649,000
City 1.3L MT 2,329,000 60,000 2,389,000
City 1.3L AT 2,509,000 65,000 2,574,000
City 1.5L MT 2,389,000 70,000 2,459,000
City 1.5L AT 2,559,000 70,000 2,629,000
City 1.5L Aspire MT 2,559,000 70,000 2,629,000
City 1.5L Aspire AT 2,719,000 70,000 2,789,000
BR-V MT 2,999,000 80,000 3,079,000
BR-V CVT 3,149,000 90,000 3,239,000
BR-V S CVT 3,299,000 100,000 3,399,000

 

 

It is important to note here that the company released a public notice a few days ago and announced that due to country-wide shutdown, it has closed its production plant.

 

The note further notes that their deliveries and their production schedule will be delayed. Honda Atlas Cars Pakistan Ltd. Plant will continue to be closed indefinitely until further notice, in accordance with government directives. It is also stated in the Notice that they are completely committed to giving their employees full protection in the wake of coronavirus.

Analysts say the automaker’s policy has historically been to preserve profitability. By raising rates, they seek to preserve normal profit margins so they can remain in profit.

Extracted from City42 News

Nouman Ilyas

Leave a Reply

Your email address will not be published. Required fields are marked *

Search & have fun

Search anytime for whatever you need, for your business, fun or personal needs. LCCI helps you find it easy and fast.

Search & have fun

Search anytime for whatever you need, for your business, fun, or personal needs. LCCI helps you find it easy and fast.

Explore

Users

LCCI

Copyright © 2022 LCCI  All Rights Reserved.
Developed by TARGET MARKETING (PVT) LIMITED

Copyright © 2022 LCCI  All Rights Reserved.
Developed by TARGET MARKETING (PVT) LIMITED.