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Honda Announces Another Huge Price Hike for Locally-Assembled Cars

Honda Atlas Cars (HACL) has increased the prices of its locally assembled cars for the second time in 2022. The company has cited rising raw material costs and depreciating local currency as the reason for the hike.

Like other automakers, HACL will implement the new prices in the following sequence:

  • Those who booked cars before November 11, 2021, will pay the current price.
  • Those who have made full payment by March 24, 2022, will also pay the current price.
  • Those expecting deliveries in April 2022, will also pay the current price.
  • Those expecting to make full payment by April 30, 2022, will also pay a 50 percent price hike.
  • While the people who book new Honda cars after the price hike will pay 100 percent of the increase in price.

Effective from March 26, 2022, the new prices are as follows:

Models Current Prices (Rs.) Revised Price for Old Bookings (Rs.)  Revised Price for New Bookings (Rs.)  Price Increase (Rs.)
City 1.2L MT 2,729,000 2,929,000 3,129,000 400,000
City 1.2L CVT 2,949,000 3,099,000 3,249,000 300,000
City 1.5L CVT 3,146,000 3,296,000 3,446,000 300,000
1.5 L Aspire MT 3,279,000 3,429,000 3,579,000 300,000
1.5 L Aspire CVT 3,454,000 3,601,500 3,749,000 295,000
Civic 1.5T M-CVT 5,099,000 5,249,000 5,399,000 300,000
Civic Oriel 1.5T M-CVT 5,399,000 5,524,000 5,649,000 250,000
Civic 1.5T RS LL-CVT 6,149,000 6,324,000 6,499,000 350,000
BR-V 1.5 iVTEC S 3,689,000 3,884,000 4,079,000 390,000

Market Opinion

Experts told the media that all automakers will announce price hikes in the coming days. Chairman Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), Mashood Khan, stated that:

When one Original Equipment Manufacturer (OEM) increases car prices, others follow too. It is because all of the companies are facing similar cost pressures such as rupee depreciation against dollar, increase in the prices of imported raw materials such as steel.

Chairman of All Pakistan Motor Dealers Association (APMDA), HM Shehzad, added that the car demand will continue to rise while the delivery time will lengthen further despite the price surge.

Car dealers agreed with Shehzad’s statement, adding the advent of new vehicles has appealed to many buyers, who now prefer brand new cars instead of used ones.

  • Black money is piled up in many people’s account who don’t bother huge price hike. And that is the reason many auto makers turning to Pakistan

    • Why should people like us who have white money should suffer. Please let the authorities take care the black money. Secondly I think one this government is off, next budget these cars will be 15% less due to $ and raw cost going down. Plus now we have doors open to sell cars in Afghanistan.

  • to be very honest, the day when we will stop depending upon USD, each and every problem will be solved!! the solution is really simple, we Muslims desperately need to unite and to make our own new unity as well as our own currency!!!
    since its clearly written in our Holy Quran that Yahood & nasara can never be our friend.. i don’t know why we cannot stop depending on those white people specially on USA!!!!!!!

    • action speaks louder than word. ap ny kia kiya ab tk un se dependency khtm krny ky liye

  • Tamam Hi praize
    تمام ھاع پراسعيز ڪار ھونڍا ٽويوٽا اينڍ دسوزڪي ۔
    عوام کو دونوھاٿون سي لوٽ رھين ھين خودرا 🙏🙏🙏 رحم ڪرين ڪمپني

  • Jahan batein zyada aur kaam nil bata sifar ho.. wahan yahud aur nasara he per dependency hogi… Quran ka taraqqi ka formula insaaniyat kay kiye hai… Jis jis ne follow kia usay har haal mein agay jana hai… Hum nay sirf rata hai… Amal nhe kia !

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