Honda Raises Car Prices for the Third Time in 2018

Automakers in Pakistan are in a race of raising their vehicle prices, citing declining Pak Rupee value against US Dollar.

Al-Haj FAW, Toyota Indus and Pak Suzuki have already announced price hikes for their range of vehicles and now Honda Atlas on Monday, has also announced price increase for its different variants in the range of PKR 35,000 to 100,000.

Related: FAW Car Prices Revised- July 2018

This is the third price revision by Honda since the beginning of calendar year 2018. The company had raised prices in January 2018 by Rs 50,000 to 60,000 and increased its variants’ prices in the range of Rs 20,000 to 100,000 in March 2018. In total, Honda Pakistan has increased its variants’ price in the range of Rs 100,000 to 260,000 within a period of 6 months.

However buyers, who have a delivery date of July 31 and have paid their balance payment by June 30, will not be charged the increased price. The new price will reportedly be applicable on cars invoiced after June 30. The updated prices are as follows:

Model Old Price (PKR) New Price (PKR) Difference
Civic 1.8 iVTEC              2,499,000           2,599,000           100,000
Civic 1.8 Oriel              2,649,000           2,749,000           100,000
City 1.3 MT              1,699,000           1,729,000             30,000
City 1.3 AT              1,839,000           1,869,000             30,000
City 1.5 MT              1,759,000           1,789,000             30,000
City 1.5 AT              1,899,000           1,929,000             30,000
City Aspire 1.5 MT              1,889,000           1,939,000             50,000
City Aspire 1.5 AT              2,029,000           2,079,000             50,000
BR-V MT              2,099,000           2,134,000             35,000
BR-V CVT              2,249,000           2,284,000             35,000
BR-V S CVT              2,349,000           2,384,000             35,000

 

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