Honda joins other Japanese automakers in lowering car prices

After Toyota and Suzuki lowered car prices, Japanese automaker Honda also lowered the prices of its locally assembled vehicles by as much as 7.7%, or as much as 0.55 million rupees.

In the new prices released by Honda Atlas Cars (Pakistan) Limited, the prices of their locally assembled cars, also known as Completely Broken Units (CKD) have been reduced.

The company explained that the price cut was due to the appreciation of the rupee against the US dollar. The rupee has gained up to 25 Indian rupees per dollar since the beginning of the month.

Price changes have been announced for variants of their compact sedan such as the City Sedan, the City Aspire, the BR-V compact SUV, and their Civic sedan.

As a result of the price cut, the prices of City 1.2L manual variants and CVT variants have decreased from Rs four million as well as psychological pricing to Rs 3,769 million and Rs 3,899 million respectively after being reduced by Rs 280,000 and Rs 300,000.

Similarly, the price of the small SUV crossover BR-V has been reduced by 360,000 rupees from 5,299 million rupees to 4,939 million rupees.

Civic 1.5L Oriel M CVT slashed by 500,000 rupees. As a result, their prices fell from Rs 7,099 million to Rs 6,599 million.

Prices for Honda’s top variant, the Civic RS 1.5L LL CVT, saw the biggest drop in price, by Rs 550,000, from Rs 8,099 million to Rs 7,549 million.

Model the previous price new price price reduction
City M 1.2 liters 4,049,000 3,769,000 280,000
City CVT 1.2L 4,199,000 3899000 300,000
City CVT 1.5L 4,439,000 4139000 300,000
City Aspire MT 1.5 Liter 4,609,000 4,299,000 310,000
City Aspire CVT 1.5L 4,799,000 4,479,000 320,000
BR-V CVT S 5,299,000 4,939,000 360,000
Civic 1.5LM CVT 6799000 6349000 450,000
Civic 1.5L Aurel M CVT 7,099,000 6599000 500,000
Civic RS 1.5L LL CVT 8099000 7549000 550,000

The price drop also comes on the back of new sales data for Honda vehicles – the City and Civic variants – which saw sales drop from 3,421 in June to 2,408 units in July 2022.

By comparison, last year Honda’s June 2021 sales were at 2,826 units which dropped to 1,700 units in July 2021.

Earlier in the week, Suzuki and Toyota lowered their prices.

What cars will affect it

Honda said the new prices will apply to all vehicles booked effective August 17, 2022.

Furthermore, the company said the price cut will also affect limited vehicles booked before August 17, 2022.

The company stated that an invoice will be issued for all cars scheduled to be delivered in October 2022, according to the revised prices.

Moreover, unclear back orders with estimated delivery dates up to September 2022 “can benefit from the currently applicable price on order (according to the previous message July 30 – 50% of the total price increase). However, owners of these cars are required to complete their payments for Car by August 20, 2022.

The company said that any government taxes applied at the time of delivery must be paid by customers.

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