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 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