Overview
Honda car prices have raised the pricing of its domestic production vehicles in Pakistan by up to Rs. 550,000 for the second time in two weeks. The revised pricing will go into effect on February 6, 2023.
The Honda car prices rising highlighted the currency devaluation as a reason for the increase.
The following new pricing is effective immediately:
New Honda City Revised Prices
New Honda BR-V Revised Prices
New Honda HR-V Revised Prices
New Honda Civic Revised Prices
The Automobile Industry is in Crisis
Foreign exchange restrictions and component supply issues are choking the vehicle industry.
On Thursday, the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) and the Pakistan Automotive Manufacturers Association (PAMA) sent a joint letter to SBP Governor Jameel Ahmed.
According to the letter, the industry is on the verge of extinction due to SBP import restrictions and banks’ lack of cooperation in the automobile sector. As a result, facilities are closing on a periodic basis, and assemblers and suppliers are lying off workers.
