Honda City Price Cut Up To Rs. 140,000

Jawad

15 Mar 2024

674

Honda City Price Cut Up To Rs. 140,000

Under the revised pricing, the Honda City 1.2L Manual now stands at Rs. 4,649,000, down from its previous price of Rs. 4,699,000, marking a reduction of Rs. 50,000. Similarly, the Honda City 1.2L CVT sees a substantial decrease of Rs. 140,000, bringing its price down to Rs. 4,689,000 from Rs. 4,829,000.

However, it's important to note that these revised ex-factory Lahore prices are provisional and subject to change without prior notice. The prices applicable at the time of delivery will prevail, and these revised prices are applicable to all orders invoiced as of March 15, 2024, onwards. Additionally, these prices include sales tax and FED, with any subsequent changes in government levies and taxes at the time of delivery being borne by the consumers.

The decision by local car companies to reduce prices comes as a surprise, considering market indicators did not forecast such actions. Possible reasons behind these decisions could include the establishment of a new government and the relative stability of the PKR against the dollar. Regardless of the rationale, this development bodes well for the local industry, which has grappled with soaring car prices, delayed deliveries, and frequent shutdowns in recent years.

Looking ahead, there is hope that the local industry will experience stability in the coming months, with continued benefits being passed on to consumers. This increased market activity and higher sales by companies would contribute positively to the overall economy.

As for Honda's decision to decrease the price of the Honda City, opinions may vary. We invite readers to share their thoughts and perspectives on whether they view this as a positive step in the comments section.

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