Due to recent rupee devaluation and negative exchange rate impacts, , Honda Atlas Cars Pakistan Limited (HACPL) has once again hiked its vehicle prices in the range of Rs260,000 to Rs425,000 for different models. “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 an official statement issued b y the company.
“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.
Official statement by Honda
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17 November, 2019