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Sunday, October 2, 2022

Car prices reduced for Honda, Toyota and Suzuki and others as Rupee strengthens

As the Pakistani Rupee (PKR) has been strengthening against the US Dollar (USD/PKR) over the past few days the major car brands in Pakistan reduced their prices to pass on the currency rate change to their customers.

Suzuki Prices Reduced

Pak Suzuki Motor Company (PSMC) has announced a drop in car prices in Pakistan. All vehicles sold in Pakistan, including the Alto, Wagon R, Cultus, Bolan, Swift, and Ravi, will now cost less, according to the firm.

All new reservations will be made at the revised rates as announced by the company, and the reduction in Suzuki Car Prices in Pakistan will take effect right away. It’s important to note that Toyota’s Indus Motor Company has also disclosed a price drop.

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The business also said that prices are subject to modification without prior notice and that pricing in effect at the time of delivery shall apply.

Honda Prices Reduced

Honda has also disclosed price reductions for the City, Civic, and BR-V, joining Toyota and Suzuki in doing so. The higher pricing were announced in a notification that Honda Atlas Cars Limited (HACL) sent to its dealerships.

The company has reduced prices by up to Rs. 550,000 and gives the same justification as the other two big automakers: an improvement in the PKR to USD exchange rate.

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According to the announcement, the higher costs will also apply to orders that must be delivered by October 2022 or later. Customers can also take advantage of the improved prices for cars scheduled for delivery in September 2022 if their payments are completed by August 20.

Toyota Prices Reduced

On Tuesday, Toyota Motors announced new, lower prices for its vehicles in Pakistan, effective as of August 16, 2022.

The following are new, ex-showroom pricing in Khi that include the current CVT as well as freight and transit insurance, according to Toyota Port Qasim Motors.

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The new prices for the Toyota Yaris in all configurations are as follows:

  1. The discounted pricing for the Toyota Yaris GLI MT 1.3L is Rs3,550,500.
  2. The discounted pricing for the Toyota Yaris GLI CVT 1.3L is Rs3,780,500.
  3. The discounted pricing for the Toyota Yaris ATIV MT 1.3L is Rs3,740,500.
  4. The discounted pricing for the Toyota Yaris ATIV CVT 1.3L is Rs3,940,500.
  5. The discounted pricing for the Toyota Yaris ATIV X MT 1.5L is Rs4,020,500.
  6. The discounted pricing for the Toyota Yaris ATIV X CVT 1.5L is Rs4,270,500.

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