Besides, bike assemblers also announced price hikes while steel bar markers continued coming out with new rates.
After a third price hike by Honda Atlas in the current year, the new prices of Honda Civic 1.5L Turbo, Oriel 1.5L Turbo and Civic RS 1.5L Turbo have been fixed at Rs7.779 million, Rs8.099m and Rs9.199m up by Rs480,000-550,000.
City 1.3MT, 1.2 CVT, 1.5CVT, 1.5 Aspire MT and 1.5 Aspire CVT now carry new prices of Rs4.579m, Rs4.729m, Rs5.019m, Rs5.229m and Rs5.419m showing a jump of Rs250,000-300,000.
After an increase of Rs300,000-400,000, the new price of Honda BR-V 1.5 CVT 5, HR-V VTI and HR- VTI S is Rs5.949m, Rs7.199m and Rs7.399m. HACL attributed price hikes to rupee devaluation, volatile business situation and increase in sales tax.
Pak Suzuki has extended its plant shutdown from Feb 20-21 due to a continued shortage of parts. However, the motorcycle plant would remain operative.
