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Honda drops car prices following Rupee improvement

Honda drops car prices following Rupee improvement.

  • Honda announced price reductions for the City, Civic, and BR-V.
  • The company cites improvement in the PKR to USD exchange rate as the reason for the reduction.
  • Customers can take advantage of reduced prices for cars scheduled for delivery in September 2022.

Honda has also disclosed price reductions for the City, Civic, and BR-V, joining Toyota and Suzuki in doing so.

The higher pricing was announced in a notification that Honda Atlas Cars Limited (HACL) sent to its dealerships.

The company has reduced prices by up to Rs. 550,000 and gives the same justification as the other two big automakers: an improvement in the PKR to USD exchange rate.

Below are new rates for comparison:

Variants  Old Price (Rs.) New Price (Rs.) Price Difference
City MT 1.2L 4,049,000 3,769,000 280,000
City CVT 1.2L 4,199,000 3,899,000 300,000
City CVT 1.5L 4,439,000 4,139,000 300,000
City Aspire MT 1.5L 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 1.5L M CVT 6,799,000 6,349,000 450,000
Civic 1.5L Oriel M CVT 7,099,000 6,599,000 500,000
Civic RS 1.5L LL CVT 8,099,000 8,099,000 550,000

Beginning on August 17th, 2022, the new prices will be in effect (today). According to the announcement, the higher costs will also apply to orders that must be delivered by October 2022 or later.

Customers can also take advantage of the improved prices for cars scheduled for delivery in September 2022 if their payments are completed by August 20.

Other manufacturers are anticipated to shortly follow suit and cut prices after the big three automakers did so. As soon as there are pricing adjustments, we’ll let you know.

 

 

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