Honda Atlas slashes car prices by up to Rs300,000
By MG News | October 25, 2023 at 10:54 PM GMT+05:00
October 25, 2023 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) has decided to cut its ex-factory car prices in Pakistan by up to Rs300,000, as revealed in a notice issued by the company to dealers today.
The change in prices is effective from October 25, 2023.
It is important to note that ATLH's price reduction follows price cuts by Indus Motor, Lucky Motor Corporation, and MG Motors.
The car brands have decided to pass on the forex benefit of PKR appreciation against USD to its customers.
The army-backed crackdown, along with other governmental administrative measures to restrict illegal dollar outflows, has significantly strengthened the local currency against the greenback.
Car manufacturers in the country rely heavily on imported items, hence this comes as a crucial benefit to them.
| MODELS | Old Prices | New Prices | Change |
|---|---|---|---|
| CITY M/T 1.2L | 4,799,000 | 4,699,000 | (100,000) |
| CITY CVT 1.5L | 4,929,000 | 4,829,000 | (100,000) |
| CITY CVT 1.2L | 5,549,000 | 5,439,000 | (110,000) |
| CITY ASPIRE M/T 1.5L | 5,759,000 | 5,649,000 | (110,000) |
| CITY ASPIRE CVT 1.5L | 5,979,000 | 5,849,000 | (130,000) |
| BR-V CVT S | 6,529,000 | 6,299,000 | (230,000) |
| HR-V-VTI | 7,899,000 | 7,649,000 | (250,000) |
| HR-V-VTI-S | 8,199,000 | 7,899,000 | (300,000) |
| CIVIC 1.5L M-CVT | 8,599,000 | 8,329,000 | (270,000) |
| CIVIC 1.5L ORIEL M-CVT | 8,949,000 | 8,659,000 | (290,000) |
| TURBO RS 1.5L LL-CVT | 10,199,000 | 9,899,000 | (300,000) |
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