Following Indus Motors’ footsteps, Honda Pakistan has increased prices for its entire lineup of cars once again.
This is the second time this year that Honda Pakistan increased prices on its cars. It should be mentioned that the previous price hike happened around three months ago.
Honda Pakistan – just like Toyota Indus, Pak Suzuki, and Al-Haj FAW – have justified the increase in prices due to Pakistan’s depreciating currency. They also mentioned that apart from the falling rupee, the authorities have increased tax rates on components that they need to assemble the vehicles as well.
The New Prices for Honda Cars
Here are the revised prices for Honda Pakistan’s lineup of cars:
- i-VTEC MT:
- 1.3 L Basic – Rs. 17,11,000
- 1.3 L Navigation – Rs. 17,61,000
- 1.5 L City – Rs. 17,71,000
- 1.5 L Aspire – Rs 19,01,000
- i-VTEC PT
- 1.3 L Basic – Rs. 18,51,000
- 1.3 L Navigation – Rs. 19,01,500
- 1.5 L City – Rs. 19,11,000
- 1.5 L Aspire – Rs. 20,41,000
- i-VTEC 1.8 L (CVT 6-Speed):
- Basic – Rs. 25,11,000
- Navigation – Rs. 25,85,500
- Leather Seats – Rs. 25,70,500
- Leather Navigation – Rs. 26,45,000
- VTi Oriel 1.8 L (CVT 6-Speed):
- Basic – Rs. 26,61,000
- Navigation – Rs. 27,35,000
- Leather Seats – Rs. 27,20,500
- Leather Navigation – Rs. 27,95,000
- i-VTEC (CVT 6-Speed):
- Basic – Rs. 22,61,000
- Navigation – 23,16,000
- i-VTEC S (CVT 6-Speed):
- Basic/Navigation – Rs. 23,61,000
- i-VTEC EDT (CVT 7-Speed) – Rs. 42,11,000
You can check out their previous prices here.
The three big auto companies – Toyota Indus, Pak Suzuki, and Honda Pakistan – import most of their raw material from overseas and spend too little on localized components. Due to this, fluctuations in the rupee’s value affects their costs. These costs are in turn, borne by the consumers ultimately.