After Kia and Toyota, Honda Atlas Cars Limited has also decreased the price of its sedan, Honda City 1.2L. The company has also reduced the prices of manual and CVT variants. The new ex-factory prices will be applicable from March 15, 2024.

New Honda City Price 

• The new price of Honda City 1.2L Manual is Rs. 4,649,000 compared to the previous Rs. 4,699,000 as it observed a reduction of Rs. 50,000.
• Honda City 1.2L CVT’s price is reduced by Rs. 140,000 and now it will cost Rs. 4,689,000 instead of Rs. 4,829,000.

Terms and Conditions 

• The revised ex-factory Lahore prices are provisional and subject to change without any prior notice.
• The prices at the time of delivery will be applicable.
• The revised prices will be applicable on all orders invoiced as of March 15, 2024, and onwards.
• These are ex-factory prices and include sales tax and FED.
• Any change in government levies and taxes applicable at the time of delivery will be paid by the consumers.

The series of decreasing prices by the local car companies is surprising because the market indicators were not predicting it. The reasons behind these decisions may be the establishment of a new government and the relative stability of PKR against the dollar. Whatever the reason, it is a good sign for the local industry, which has been marred by record-high car prices, late deliveries, and repeated shutdowns for the last couple of years.

Hopefully, the local industry will get out of this rut in the coming months, see some stability, and keep on passing the benefits to the consumers. This will increase the activity in the market and lead to higher sales by the companies, which is a good sign for the overall economy.

What do you think about Honda’s decision to reduce Honda City’s price? Is it a good step? Please share your thoughts with us in the comments section.