KARACHI – Honda Atlas dropped a massive price shock of up to half a million, with the new retail prices effective on all new orders booked from February 6.
The recent surge comes on the heels of revised prices from other carmakers including Toyota, Suzuki, KIA, and Hyundai Motors which jacked up prices following the massive devaluation of local currency.
In a fresh notice sent to its dealers, Honda, one of the leading automakers jacked the rates of its vehicles massively. The notice cited that the new prices came into effect on February 6, 2023.
“Keeping in view the devaluation of PKR against USD, uncertain economic conditions, and high inflation, it has become inevitable for HACPL to increase current prices and change price conditions. However, HACPL has tried its best to pass on minimum impact to its valuable customers,” the car maker said.
Honda maintained that the company has tried its best to pass on minimum impact to its customers.
New prices of top-selling models
The country’s automobile sector is bearing the brunt of a severe economic crunch with car makers facing s handful of issues mostly related to the opening of Letters of Credit (LCs), amid shrinking foreign exchange reserves.