Honda Atlas Cars (Pakistan) Limited (HACPL) has raised the rates of its cars by up to PKR 85, 000 which will come into effect from 1st April 2019, see the circular below:
According to the notification issued by Honda Atlas to all its 3S dealers, a further dip in the value of Pakistani Rupee against the US dollar has resulted in the increase in cars prices. It says that previously the company didn’t pass any impact of the devaluation on its customers expecting the stabilization of the currency. As the currency further slides, the auto manufacturer is forced to increase the prices of its cars. Honda has not yet increased the prices of Civic variants as it would be announced later. However, Honda City and BR-V will see an increase ranging from PKR 65, 000 – 85,000 as per the new circular issued.
| Variants | New Prices | Old Prices | Difference |
| 1.3L MT | 1,919,000 | 1,854,000 | 65,000 |
| 1.3L AT | 2,059,000 | 1,994,000 | 65,000 |
| 1.5L MT | 1,979,000 | 1,914,000 | 65,000 |
| 1.5L AT | 2,119,000 | 2,054,000 | 65,000 |
| 1.5L Aspire MT | 2,134,000 | 2,064,000 | 70,000 |
| 1.5L Aspire AT | 2,274,000 | 2,204,000 | 70,000 |
| BR-V MT | 2,234,000 | 2,234,000 | No change |
| BR-V AT | 2,434,000 | 2,384,000 | 50,000 |
| BR-V CVT | 2,569,000 | 2,484,000 | 85,000 |
There are further conditions described for the applicability of the new prices on new bookings and back orders with partial or full payments. Only the back order cars due till April 2019 and those with cleared payments till 30th March 2019 will be delivered at the old price whereas those with partial or full payments will be invoiced on the newly announced price. Moreover, the consignee stock available at the dealerships until the end of March 2019 will also be invoiced at the new price.
All the new bookings will take place at a minimum price of PKR 1.2 million, according to the circular issued by Honda Atlas. Note here that this month had previously seen a price hike in Honda Civic variants due to the levied 10% FED on locally made cars of 1700 cc engine displacement and above by the government.
What’s your opinion on this price hike by Honda Atlas? Let us know and stay with PakWheels for latest updates.
