Honda increases car prices due to ‘FED impact’

Honda prices

Honda Atlas Cars have been upped car prices as well due to the recently imposed Federal Excise Duty (FED) on cars.  Under the current mini-budget, the companies are raising their rates. The new prices will take effect on January 21, 2022, according to a statement.

Honda City Prices

Here are the updated Honda City prices:

• The Honda City 1.2L Manual and 1.2L CVT did not changed and remained at Rs. 2,729,000 and Rs. 2,949,000, respectively.

• The new price of the Honda City 1.5L CVT is Rs. 3,146,000, up from Rs. 3,069,000 previously, a difference of Rs. 77,000.

• The price of the Honda City 1.5L Aspire Manual has risen by Rs. 80,000, to Rs. 3,279,000, up from Rs. 3,199,000.

• The price of the Honda City 1.5L Aspire CVT has risen by Rs. 85,000, to Rs. 3,354,000.

Read more: KIA Picanto, Sportage and Stonic prices increased

Honda Civic Prices

Here is the Honda Civic pricing, according to the manufacturer.

• The price of the Honda Civic 1.8L VTI CVT has increased by Rs. 100,000, bringing it to Rs. 4,079,000, up from Rs. 3,979,000.

• The Honda Civic VTI CVT SR will now cost Rs. 4,366,000, implying a price rise of Rs. 107,000.

• The price of the Honda Civic 1.5L Turbo RS increased by Rs. 126,000, bringing the total price to Rs. 5,175,000, up from Rs. 5,049,000 previously.

Honda BR-V

The revised prices of BR-V are:

• Honda BR-V CVT S will now cost Rs. 3,689,000, up from Rs. 3,599,000 previously, indicating a price increase of Rs. 90,000.

These are the costs for new Honda vehicles. Car costs have been fluctuating often in recent years due to a variety of factors, including the high dollar rate, new taxes, and new tariffs.

This will undoubtedly have an influence on the purchasing power of the average consumer, which will be detrimental to the local automobile market.

Most Popular

To Top