Honda Atlas Cars Pakistan Limited (HACPL) has reportedly notified of a massive reduction in its car prices in Pakistan. According to the details, the Price of Honda City, Honda Civic, and Honda BR-V in Pakistan has been reduced with effect from 17 August 2022 due to the devaluation of the Pakistani Rupee against the US Dollar (USD to PKR).
It is pertinent to mention that local automotive companies announced a massive increase in their prices due to depreciation of the Pakistani Rupee against the US Dollar as the local currency reached nearly Rs. 240 against the greenback last month.
However, the Pakistani Rupee has made immense improvement against the US Dollar, which has led to automotive companies reducing their prices to pass on the benefit to the customers. Toyota Indus Motor Company (IMC) and Pak Suzuki Motor Company (PSMC) have both announced reduction in their prices as well.
Read more: Dollar Rate in Pakistan (Daily Updates).
Honda City Price in Pakistan
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| 1.2L City MT | 4,049,000 | 3,769,000 | 280,000 |
| 1.2L City CVT | 4,199,000 | 3,899,000 | 300,000 |
| 1.5L City CVT | 4,439,000 | 4,139,000 | 300,000 |
| 1.5L City Aspire MT | 4,609,000 | 4,299,000 | 310,000 |
| 1.5L City Aspire CVT | 4,799,000 | 4,479,000 | 320,000 |
Honda Civic Price in Pakistan
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Civic 1.5L Turbo MCVT | 6,799,000 | 6,349,000 | 450,000 |
| Civic Oriel 1.5L Turbo M-CVT | 7,099,000 | 6,599,000 | 500,000 |
| Civic RS 1.5L Turbo LL-CVT | 8,099,000 | 7,549,000 | 550,000 |
Honda BR-V Price in Pakistan
Meanwhile, the Price of Honda BR-V in Pakistan has been reduced to Rs. 4,939,000 compared to previous rate of Rs. 5,299,000. This means the vehicle has witnessed an reduction in price of Rs. 360,000.
According to Honda Atlas Cars Pakistan Limited (HACPL), the new prices will be applied on current back order with expected delivery date October 2022 and orders booked from August 17, 2022 and onwards. Meanwhile, the unclear back orders with expected delivery date till September 2022 can avail currently applied price on order (as per previous letter of July 30, 2022 – 50% of total price increase) if complete payment is done till August 17, 2022.
Furthermore, all cars will be invoiced at the new prices form August 17 and this includes FED, Sales Tax and CVT.
What do you think about the massive hike in Honda car prices? Let us know in the comments below.
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