Honda Atlas Cars Pakistan has announced a raise in car prices second time in a month due to the volatile exchange rate. The new prices will be in effect starting February 06, 2023.
The company stated that factors such as the devaluation of the local currency, unpredictable economic conditions, and high inflation have forced them to increase the prices of their vehicles.
On January 03, 2023, the Rupee hit a historic low against the dollar at PKR 276.58 at the close of the interbank foreign exchange market.
Currency experts believe that the low level of foreign exchange reserves and uncertainty surrounding negotiations between local authorities and the International Monetary Fund (IMF) added further pressure on the local currency.
Honda City new car price 2023 in Pakistan
| Model | Revised Price (Rs) | Previous Price (Rs) | Price Difference (Rs) |
|---|---|---|---|
| Honda City M/T 1.2L | 4,329,000 | 4,069,000 | 260,000 |
| Honda City CVT 1.2L | 4,469,000 | 4,199,000 | 270,000 |
| Honda City CVT 1.5L | 4,739,000 | 4,449,000 | 290,000 |
| Honda City Aspire M/T 1.5L | 4,939,000 | 4,629,000 | 310,000 |
| Honda City Aspire CVT 1.5L | 5,119,000 | 4,799,000 | 320,000 |
Honda BR-V new car price 2023 in Pakistan
| Model | Revised Price (Rs) | Previous Price (Rs) | Price Difference (Rs) |
|---|---|---|---|
| Honda BR-V CVT S | 5,649,000 | 5,299,000 | 350,000 |
Honda Civic new car price 2023 in Pakistan
| Model | Revised Price (Rs) | Previous Price (Rs) | Price Difference (Rs) |
|---|---|---|---|
| Honda Civic 1.5L M-CVT | 7,299,000 | 6,849,000 | 450,000 |
| Honda Civic 1.5L Oriel M-CVT | 7,599,000 | 7,099,000 | 500,000 |
| Honda Civic RS 1.5L LL-CVT | 8,649,000 | 8,099,000 | 550,000 |
Honda HR-V new car price 2023 in Pakistan
| Model | Revised Price (Rs) | Previous Price (Rs) | Price Difference (Rs) |
|---|---|---|---|
| Honda HR-V VTI | 6,799,000 | 6,399,000 | 400,000 |
| Honda HR-V VTI S | 6,999,000 | 6,599,000 | 400,000 |
Honda stated, Orders for products created using the EDD (Expected Delivery Date) system and fully paid for (with payment instrument date till January 11th, 2023) before February 2023 will be invoiced at the previous RSP (Recommended Selling Price).
Customers who make full payments by January 21st, 2023 and have an EDD till February 2023 can take advantage of the previous price as of January 23rd, 2023.
Customers can also avail the current price if they book a new order with full payment for City MT 1.2, Aspire MT, Aspire CVT, and BR-V S and have an EDD of February 2023 (with payment instrument date till February 11th, 2023).
For orders with full payment (excluding Oriel) made on January 21st, 2023 and with an EDD of March 2023 or later, customers need to deposit the January 2023 price amount by February 11th, 2023 to avail the current price (with payment instrument date till February 11th, 2023).
These prices are ex-factory prices for Karachi, inclusive of sales tax, FED (Federal Excise Duty), and CVT (Continuously Variable Transmission).
The terms and conditions of the provisional booking contract signed by customers govern their orders. The prices mentioned above are provisional and the final price applicable at the time of delivery will be the deciding factor.
Due to the current uncertain import situation, committed delivery time may be delayed. Any additional government taxes at the time of delivery will be borne by the customer as per Honda Atlas cars.
2023 Brings Bad News for Car Buyers with Price Hikes by Companies
The start of 2023 has brought unfavorable news for car consumers, as all car companies have raised their prices during this month. This action was taken after a one-day increase in the US dollar from PKR 230 to PKR 277.
Suzuki, Kiya, Hyundai, and Honda all car making companies has increased the all variant car prices in 2023.
