Car-Makers Pass On “Extra-Burden” To Buyers

Web Desk — Indus Motor Company (IMC) and Honda Atlas Cars Ltd (HACL) have increased prices by Rs63,000-493,000 following an increase in Federal Excise Duty (FED) after the passage of Finance (Supplementary) Bill 2021, commonly known as mini-budget.

The price of different Toyota Yaris models has risen by Rs63,000-76,000, according to the announcement. Yaris 1.3GLI MT, GLI CVT, ATIV MT, ATIV CVT, 1.5 ATIV XMT and 1.5 ATV X CVT are priced at Rs2.612 million, Rs2.817 million, Rs2.745 million, Rs2.919 million, Rs2.970 million and Rs3.175 million, respectively.

The prices of Toyota Corolla variants have increased by 81,000 to 100,000 rupees. 1.6MT, 1.6AT, 1.6AT SE, 1.8CVT, 1.8 Grande CVT and 1.8 Grande CVT (black interior) are priced at Rs3.380m, Rs3.534m, Rs3.892m, Rs3.872m, Rs4.179m and Rs4.199m, respectively.

Higher engine power vehicles’ prices have been raised between Rs146,000 and Rs493,000. Revo G MT, Revo G AT, and Revo V AT now carry new prices of Rs6.947m, Rs7.306m, and Rs8.032m, while Revo V ROCCO now carries a price of Rs8.472m.

The Fortune Lo, Hi, Diesel, and Legender models are priced at Rs8.569m, Rs9.941m, Rs10.392m, and Rs10.842m, respectively.

The new prices will apply to all pending orders in the system as of Jan 15, as well as all new orders received after that date. As of Jan 16, the new prices would be applied to all invoices.

HACL has increased the prices of the Honda Civic 1.5L Turbo, 1.8L VTI CVT SR, and 1.8L VTI CVT by Rs100,000-126,000 to Rs5.175m, Rs4.366m, and Rs4.079m, respectively.

City 1.5L CVT, 1.5L ASP MT, and 1.5L ASP CVT are now priced at Rs3.146m, Rs3.279m, and Rs3.454m while Honda BR-V price has been increased by Rs90,000 to Rs3.689m.

A HACL official said that “there is no FED on 1,200cc vehicles” and thus no price increases were shown in the HACL price list for Honda City 1.2L MT and CVT models. HACL said new retail prices are applicable on all orders in the system by Jan 15.

The new prices will be applied on orders and invoices from Jan 16 onwards.

Pakistan Suzuki Motor Company Ltd (PSMCL) was the first to raise prices by Rs29,000-150,000.