As expected, Honda has also increased its car prices up to PKR 126,000. Not too long ago, there was a car price hike by Suzuki and Toyota. It is pretty bad news for all people who were about to buy a new car.
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Many of you will be wondering about the reason why these companies have increased car prices all of a sudden. Well, it is mainly due to the mini-budget having new Federal Excise Duty (FED) and sales tax rates.
Find how much the Honda car prices increase in the following table.
Honda City
| Variants | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
| City 1.2L MT | 2,729,000 | 2,729,000 | No Change |
| City 1.2L CVT | 2,949,000 | 2,949,000 | No Change |
| City 1.5L CVT | 3,069,000 | 3,146,000 | 77,000 |
| 1.5 L Aspire MT | 3,199,000 | 3,279,000 | 80,000 |
| 1.5 L Aspire CVT | 3,369,000 | 3,454,000 | 85,000 |
Honda Civic
| Variants | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
| Civic 1.8 iVTEC | 3,979,000 | 4,079,000 | 100,000 |
| Civic 1.8 iVTEC Oriel | 4,259,000 | 4,366,000 | 107,000 |
| Civic 1.5 RS Turbo | 5,049,000 | 5,175,000 | 126,000 |
Honda BRV
| Variants | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
| BR-V 1.5 CVT S | 3,599,000 | 3,689,000 | 90,000 |
Current trends
No one can deny that this car price increase was inevitable after the mini-budget. Suzuki became the first company to increase car prices this year. See new Suzuki car prices here. After that, Toyota also increased the prices of its vehicles. Find the Toyota car prices increase here. Currently, it is a car price hike by Honda. However, many other companies might also increase car prices.
How much will it affect the consumer buying decisions? The purchasing power of the local consumer is constantly decreasing due to the inflation and currency devaluation. So, a price increase is going to hurt many. It means some customers might look to buy a used car rather than buying a pricier new one.
Would you buy a new car or go for a used one? Let us know in the comment section.
Also, stay connected with us for more information related to car prices in Pakistan.
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Muhammad Faisal is a business graduate and a digital content specialist managing content at OLX. With 5+ years of experience in writing and building content marketing strategies, he has helped many startups and corporates grow their online presence by driving millions of sessions.
He’s passionate about automobiles, smartphones, and electronics, but rumor has it, he gets more excited about entrepreneurship than anything else. As an expert in these areas, he’s turning his passion into content that’s insightful, engaging, and adds real value for readers.
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Prices increased but companies
Not delivering the cars with in three
Months and taking delivery time more
Than six months after taking booking
Money and even some cases full payment is given to them but no delivery
Before six months.
Which is totally unfair.
So request the companies to deliver the
Product in time should be deliver within three months.
Price increasing trend will reduce the sale people will prefer to purchase the used cars.