Honda Car prices go up

Under the cover of rupee depreciation, Honda car manufacturer has increased the prices of cars by around five hundred thousand.

The variation of price is from 250000 to around 450000 of different makes and colours.
“Due to recent rupee devaluation and owing to the negative exchange rate impact, HACPL is compelled to increase the prices of Honda cars with effect from June 24, 2019,” said a company information.

It may be placed here on record that due to corrupt government practices the federal engineering board never got implemented the deletion. It is all due to the spare parts and allied accessories are being imported by manufacturers of different foreign makes. In India the situation is quite different and local brands are patronised with local production to even 90 to 100 per cent deletion.

“All raw material of the sector comes from abroad, therefore, the parts produced locally also face price increase due to the rupee depreciation against the dollar,” said JS Research analyst Ahmed Lakhani.

The company increased prices of Civic Turbo RS and 1.8L VTI CVT models by Rs400,000 each to Rs4.2 million and Rs3.6 million respectively.

Similarly, it raised the price of 1.8L VT SR CVT model by Rs425,000 to Rs3.82 million.
On the other hand, the prices of Honda City 1.3L MT and 1.3L AT were increased by Rs260,000 each to Rs2.18 million and Rs2.32 million respectively.
Honda 1.5L AT model became costlier by 260,000 as its price rose from Rs2.12 million to Rs2.38 million.

Honda Car prices go up

Under the cover of rupee depreciation, Honda car manufacturer has increased the prices of cars by around five hundred thousand.

The variation of price is from 250000 to around 450000 of different makes and colours.
“Due to recent rupee devaluation and owing to the negative exchange rate impact, HACPL is compelled to increase the prices of Honda cars with effect from June 24, 2019,” said a company information.

It may be placed here on record that due to corrupt government practices the federal engineering board never got implemented the deletion. It is all due to the spare parts and allied accessories are being imported by manufacturers of different foreign makes. In India the situation is quite different and local brands are patronised with local production to even 90 to 100 per cent deletion.

“All raw material of the sector comes from abroad, therefore, the parts produced locally also face price increase due to the rupee depreciation against the dollar,” said JS Research analyst Ahmed Lakhani.

The company increased prices of Civic Turbo RS and 1.8L VTI CVT models by Rs400,000 each to Rs4.2 million and Rs3.6 million respectively.

Similarly, it raised the price of 1.8L VT SR CVT model by Rs425,000 to Rs3.82 million.
On the other hand, the prices of Honda City 1.3L MT and 1.3L AT were increased by Rs260,000 each to Rs2.18 million and Rs2.32 million respectively.
Honda 1.5L AT model became costlier by 260,000 as its price rose from Rs2.12 million to Rs2.38 million.

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