Honda Atlas Price Hikes by PKR 85,000

Honda Atlas Cars Pakistan Limited has increased the rates of the cars by up to PKR 85,000, which will come in to force from 01 April 2019. Honda Atlas price hikes by PKR 85,000.
Honda Atlas has issued the notification to all its 3S dealers and it has increased the prices of the vehicles because of dip in value of Pakistani rupee against US dollars and they had to increase the prices of their cars. The company did not pass the impact of devaluation on the customers, who expect the stabilization of currency. With further slides in the currency, the auto manufacturer had to increase prices of the cars. The cars like Honda City and BR-V will see the increase in the prices ranging from PKR 65,000 to 85,000 according to the issue of new circular.
Variants New Prices Old Prices Difference
1.3L MT 1,919,000 1,854,000 65,000
1.3L AT 2,059,000 1,994,000 65,000
1.5L MT 1,979,000 1,914,000 65,000
1.5L AT 2,119,000 2,054,000 65,000
1.5L Aspire MT 2,134,000 2,064,000 70,000
1.5L Aspire AT 2,274,000 2,204,000 70,000
BR-V MT 2,234,000 2,234,000 No change
BR-V AT 2,434,000 2,384,000 50,000
BR-V CVT 2,569,000 2,484,000 85,000

They need to describe the conditions, which are provided for applicability of new prices on new bookings and back orders with partial o r full payment of the cars. The cars, which are booked on back order and they due till April 2019 and the cars, which have cleared payments till 30 March, they will be delivered to the customers on the old prices. The cars, which has partial o r full payments, they will be invoiced on newly announced rates. The consignee stock at the dealership till March 2019 will be invoiced at new prices.
The new bookings will be made at minimum price of PKR 1.2 million. The previous price hike in Honda Civic variants have been seen due to levied 10% FED on locally manufactured cars of 1700 cc engine displacement and it is above by the government.