Business
Rupee devaluation, GST hike forces Honda to increase car prices up to Rs1 million
Honda Atlas Cars Limited (HACL) has announced its fourth price hike in less than 90 days, citing the government’s implementation of a 25 per cent general sales tax (GST) on luxury items.
This time, the automaker has raised car prices up to Rs1 million. According to a recent notification, HACL has attributed the most recent price hike to the devaluation of the Pakistani rupee against the US dollar, as well as the increase in sales tax from 18 per cent to 25 per cent.
Below are the new ex-factory and provisional prices that are applicable from March 14, 2023:
| Model | Old Price (Rs) | New Price (Rs) | Increase (Rs) |
| Honda City M/T 1.2L | 4,579,000 | 4,799,000 | 220,000 |
| Honda City CVT 1.2L | 4,729,000 | 4,929,000 | 200,000 |
| Honda City CVT 1.5L | 5,019,000 | 5,549,000 | 530,000 |
| Honda City Aspire M/T 1.5L | 5,229,000 | 5,759,000 | 530,000 |
| Honda City Aspire CVT 1.5L | 5,419,000 | 5,979,000 | 560,000 |
| Honda BR-V CVT S | 5,949,000 | 6,529,000 | 580,000 |
| Honda HR-V VTi | 7,199,000 | 7,899,000 | 700,000 |
| Honda HR-V VTi S | 7,399,000 | 8,199,000 | 800,000 |
| Honda Civic 1.5L M-CVT | 7,779,000 | 8,599,000 | 820,000 |
| Honda Civic 1.5L Oriel M-CVT | 8,099,000 | 8,949,000 | 850,000 |
| Honda Civic RS 1.5L LL-CVT | 9,199,000 | 10,199,000 | 1,000,000 |
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