Honda Cars Price In Pakistan
Honda Cars Price In Pakistan – Business and Finance HCAR (Honda Atlas Automobiles (Pakistan) Ltd) up 259.24 ▲ The price of the Honda Atlas, the high-end Civic with a delivery time of about 12 months, rose by 0.64%.
Like rival Indus Motor Co, the Honda Atlas has announced its second price hike in five weeks by 170,000 rupees, and the weakening ruble is having an impact on the market.
Honda Cars Price In Pakistan
The company said it would “force some of these effects to be passed on to the market” in light of additional foreign exchange gains. The new retail price (RSP) will be implemented from May 1, 2022. The company said it will take “full bookings by April 30, 2022” in line with the previous RSP.
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The price of BR-V CVT versions is from 135,000 yuan to 170,000 yuan. Its price increased from 4.779 million yuan to 4.249 million yuan.
The base version of the City – MT 1.2L is priced from Rs 3,129,000 to Rs 3,264,000 and Rs 135,000.
Similarly, the CVT 1.2L and CVT 1.5L versions have increased by 140,000 and 143,000 yuan, respectively. Both models of the Aspire are priced at Rs 150,000.
The company’s Civic, launched in February this year, will be delivered to customers in February next year, Trade Records previously reported.
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The timeline has not yet been finalised, with the seller confirming that both top-end variants will now be delivered in April 2023.
Meanwhile, Civic 1.5L CVT (tentative delivery date given in August 2022), Civic 1.5L Oriel M CVT (tentative delivery date given in April 2023) and Civic RS 1.5 are priced at Rs. An increase of 150,000 rupees in each version. L CVT (temporary delivery until April 2023).
In March, the RMB closed near the 182 level when Honda announced the price change.
A month later, the rupee weakened to around 186 and even crossed 188 to 181.55. However, the rupee has depreciated by 2.2% over the past two weeks.
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Car prices in Pakistan have risen over the years, tracking the depreciation of the rupee against the US dollar.
Honda Raises Atlas Prices, Civic Premium Will Take Around 12 Months, Biden’s ‘Unpleasant’ Iran-Pakistan Conflict In Iran, ISPR Strike Details, ‘Dialogue And Cooperation Random Airstrikes Iran Pakistan Protests’. As Pakistan-Iran tension eases, shares on PSX fall, PEMRA asks TV channels to cover Pakistan-Iran tension with “greatest concern”. Concerns ‘shown’, Russia asks for ‘maximum sanctions’ on Pakistan, Iran drops $127m in Pakistan’s central bank reserves, now $8.03bn IMF debt in uncertainty after Pakistan’s election: Dr Reza Bakir Continued gains: Set US rupee at 279.98 per dollar Read More Stories Next Story KARACHI: Honda Atlas Automobiles Limited (HACL) on Friday raised prices of various vehicles by Rs 260,000-425,000 from June 24 due to the recent depreciation of the ruble . Negative effects on exchange rate.
After an increase of Rs 400,000, the new price of the Honda Turbo RS and 1.8L VTI CVT is Rs 4,990,000 and Rs 3,599,000 respectively, while the price of the 1.8L VT SR CVT has increased by Rs 425,000 to Rs 425,000 to Rs 004. 3,824,000.
New prices of 1.3L MT, I.3L AT, 1.5L MT, I.5L AT and 1.5L Aspire MT are 2,179m, 2,319m, 2,239m, 2,379m and 2,394m – 2,600 yuan higher. At the same time, the price of 1.5L Aspire AT increased to 2.554 million rupees, 280 thousand dollars.
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HACL has increased the price of the BRV MT to Rs 2,598,000 from Rs 305,000, while the BRV CVT and BRVS CVT are now priced at Rs 2,784,000 and Rs 350,000 from Rs 2,919,000.
The company has notified authorized dealers that any government taxes (federal excise duty, customs duty) will be added to these new prices effective July 1.
In the 2019-20 budget, the government imposed a federal excise duty of between 2.5pc and 7.5pc on cars with different engine capacities.
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On Wednesday, Honda Atlas reduced the price of its cars by 280,000 to 550,000 rupees in line with the depreciation of the dollar in Pakistan.
“Given the value of the rupee against the dollar, Honda is pleased to pass on the foreign exchange impact to its valued customers,” Honda Atlas said in an announcement to dealers.
The company has reduced the price of five versions of the City model to Rs 280,320,000. After the revision, the base City MT 1.2L is now priced at 3.76 million yuan, while the top-spec City Aspire CVT 1.5L version is available. 4.479 million yuan sold.
BR-V was reduced from 360,000 yuan to 4.939 million yuan. Similarly, the price of the Civic model has been reduced by Rs 450,550,000. The Civic MCVT 1.5L is now priced at Rs 6,349,000 and the Civic RS 1.5L LL CVT is priced at Rs 7,549,000.
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From July 28 to August 16, the renminbi recovered more than 12% interbank against the US dollar on positive developments related to dollar flows from the United Arab Emirates, Saudi Arabia and the International Monetary Fund (IMF). However, the local currency fell by Re0.98 or 0.46% on Wednesday.
“I hope other car assemblers will also announce price cuts,” said Masood Khan, an auto parts maker and expert. “I expect car makers to cut prices again, as related industries like steel makers will cut their prices due to rupee appreciation.”
Khan praised automobile companies and related industries for the positive trend towards the rupee’s recovery.
“When the ruble falls, they raise prices quickly. “In the past, they didn’t lower interest rates when they raised the value of the currency.” “It’s good that the price is coming down this time.”
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Khan expects other industries such as food and fast moving consumer goods (FMCG) to follow the trend and lower prices.
After Toyota and Suzuki, Honda Pakistan cut car prices in Biden, shows ‘dislike’ of Iran in Iran-Pakistan conflict zone As PEMRA asks TV channels to cover Pakistan-Iran conflict with ‘branded rubbish’ with ‘high warning’, PSX shareholder It fell. Concerns, Russia asks for ‘maximum sanctions’ on Pakistan, Iran drops $127m in Pakistan’s central bank reserves, now $8.3bn IMF debt uncertainty after Pakistan elections: Dr Reza Bakir Sequential gains: Rs settled at 279.98. USD Read more stories Next story
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