Honda Atlas has increased the car prices following Toyota Indus Motor Company raising its vehicle prices. The prices of Honda Civic VTi Prosmatec 1.8 i-VTEC and Honda Civic VTi Oriel Prosmatec 1.8 i-VTEC have been increased.
The price of Honda Civic VTi Prosmatec 1.8 i-VTEC is PKR 3,134,000, ex-factory. The price of Honda Civic VTi Oriel Prosmatec 1.8 i-VTEC is PKR 3,299,000, ex-factory.
Now those customers who want to add navigation and leather seats would have to pay extra. For navigation, customers would have to pay PKR 74,500 while for leather seats they would have to pay PKR 59,500.
It is pertinent to mention here that the government levied a 10% FED on locally build units of displacement 1700cc or more. This is the reason that the price of Honda Civic cars has been increased.
From March 11th, 2019 the new prices will be effective.
It is stated in the Honda Circular that “As per the second amendment of Finance Secretary Bill 2019, the Government of Pakistan has announced the implementation of Federal Excise Duty @10% on locally manufactured cars, SUVs, and other motor vehicles above 1700cc. With the FED implementation and passing a part of Forex impact, following RSP will be applicable with w.e./. 11-March-2019.”
Earlier Toyota Indus Motor Company (IMC) hiked its vehicle prices of Toyota Corolla and its variants, Toyota Hilux and its variants, Toyota Fortuner and its variants.