According to a letter issued on May 4 to all its dealers, Honda Atlas Cars Pakistan Limited has increased the prices of all variants.
“Keeping in view the increase in forex [dollar rates] and its impact on CKD [Complete Knocked Down kits] and other parts, HACPL is compelled to increase the prices of Honda cars with effect from May 5,” the letter read.
After increasing the prices of the cars, Honda City (1.3 L, Automatic) will become Rs65,000 more expensive than the previous price and sell for Rs2,574,000. On the other hand, Civic’s 1.5L Oriel variant will cost Rs4,349,000 after an increase of Rs100,000.
According to the letter, the newly announced prices are applicable on all bookings received from April 23 onwards. The current price (as on May 4) is applicable to old orders with full payment as on April 22, it said. The letter by the company further said that the prices are based on the current exchange rates and any hike in the price of the dollar may result in a further increase as well.
It is pertinent to mention here that the market has been waiting for the arrival of the new Honda City, which was expected to be launched somewhere between August and December before the novel coronavirus (COVID-19) forced a nation-wide lockdown.