Honda Car Prices Increased by Up to Rs 120,000

Honda Atlas has announced to increase the prices of all of its local assembled products by up to Rs 120,000 effective from the 5th of May 2020. According to the notification, the revision has been made in wake of increased Forex and its impact on CKD and other parts.

Related: Rupee Recovers Against Dollar- Will Car Prices Come Down?

Honda City has seen its price increase by up to Rs 70,000, BR-V by up to Rs 100,000 whereas the Civic has witnessed an increase of up to Rs 120,000. The new prices are applicable on all bookings received from 23rd April & onwards. The notification further reads that any hike in foreign index may lead to another increase in price.

Toyota has already announced to revise the prices of its cars last month, whereas Pak Suzuki is expected to announce its revisions in coming days as well. It is pertinent to mention that local production & plant operations are suspended from the 23rd of March until further notice due to COVID-19 lockdowns and since then currently no vehicle is being assembled locally. In the last week of April, Honda Atlas announced that its assembly plant in Pakistan will remain closed for an indefinite period of time.

Related: Have Local Automakers Artificially Raised the Price Bar?

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