Honda Atlas Cars announced on Friday that it would be increasing the prices of its completely knocked down (CKD) models in response to a rise in sales tax.
The car manufacturer cited several reasons for this decision, including the devaluation of the Pakistani rupee against the US dollar, a volatile business environment, and the increase in sales tax.
As a result, the company will raise the prices of its CKD models by up to Rs550,000, marking the third hike.
The new retail sale price (RSP) will be effective for all new orders placed from February 18 onwards.
Here are the new prices of all Honda cars:
|Model||Od price||New price||Hike|
|City MT 1.2L||Rs4,329,000||Rs4,579,000||Rs250,000|
|City CVT 1.2L||Rs4,469,000||Rs4,729,000||Rs260,000|
|City CVT 1.5L||Rs4,739,000||Rs5,019,000||Rs280,000|
|City Asp MT 1.5L||Rs4,939,000||Rs5,229,000||Rs290,000|
|City Asp CVT 1.5L||Rs5,119,000||Rs5,419,000||Rs300,000|
|BR-V CVT S||Rs5,649,000||Rs5,949,000||Rs300,000|
|Civic 1.5L M CVT||Rs7,299,000||Rs7,779,000||Rs480,000|
|Civic 1.5L Oriel M CVT||Rs7,599,000||Rs8,099,000||Rs500,000|
|Civic RS 1.5LL CVT||Rs8,649,000||Rs9,199,000||Rs550,000|
Customers who have existing back orders as of February 17 will also be subject to the new retail sale price. Additionally, a 1 per cent additional sales tax will be applied to all back orders that have been paid in full as of the previous price increase letter, dated February 6.
Honda Atlas Cars stated that any unclear back orders, with the exception of the Civic model, that are due up until March 23 can be invoiced if full payment (February 6 price + 1 per cent additional sales tax) is received by February 27 (with an instrument date of February 27). However, the automaker noted that the prices are subject to change and that the prices prevailing at the time of delivery will be final. Any changes in government levies or taxes will be borne by the customers.
Furthermore, Honda Atlas announced an increase in the rates of its motorcycles the day before.
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