Honda Informs Customers About Delayed Deliveries
Pakistan’s auto industry is going through its most difficult period. Deteriorating national economy and supply chain issues has added fuel to raging fire of this discontent. Honda Atlas Cars Limited (HACL) is also feeling heat – announces the delay in car deliveries.
The company has issued a notification informing its customer about delayed deliveries. Honda mentioned that country’s devastating economic health, issue pertaining to LCs (for CKD kits) and global shortage of IC chips has aggravated the situation.
Pak Suzuki Suspended the bookings
The same has urged Pak Suzuki Motor Company (PSMC) to suspend the bookings for its cars. Earlier, the company was only booking Suzuki Swift and VXR variant of Wagon R; however, the latest reports suggest that all bookings have been stopped.
There are also news in market that other car companies could also suspend their bookings before price revision.
One of the Suzuki dealerships told us there is an issue with car quota by the company, while another dealership claimed that a price hike is on the cards. “The prices of Suzuki cars can go up today or in the next few days, hence, the stoppage of bookings,” one of the dealerships officials told us.
We do hope that the news about the price hike is not true because the car prices have already gone way too up for an ordinary man. And with the high petrol rate and overall inflation, this will be another blow for the consumers.
Capital Advance tax
Capital advance tax has been imposed on cars above 1300 cc. Earlier, in Finance Bill 2022-23, the government announced 2% CVT on cars above Rs. 5 million. But, in the final Finance Act 2022, the Federal Board of Revenue (FBR) reduced it to 1% with revised conditions. And; now, CVT will be imposed on:
- Cars with an engine size above 1300cc
- Electric vehicles with battery power above 50kwh
What do you think about this announcement made Honda Atlas? Are you expecting price revision in the next few days? Share your thoughts in the comments section.