The company increased the price of its Honda City 1.3L variant by Rs50,000, City 1.5L became expensive by Rs60,000, while Civic’s retail tag also got heavier by Rs50,000. Honda’s move comes after Indus Motor raised prices of its vehicles in December, while Pak Suzuki took the step on the first day of 2018. The new price of City 1.5L (MT) would be Rs1.659 million, and City 1.5L’s rate (AT) jumps to Rs1.799 million. The new price of 1.5L Aspire (MT) increases to Rs1.789 million and the price of 1.5L Aspire (AT) is now Rs1.929 million. According to the PSX data, the market capitalisation of Pak Suzuki, Indus Motor and Atlas Honda Cars amounted to Rs246.1 billion, down 9.73% from Rs272.7 billion in 2016.

Source: The Express Tribune January 08, 2018 15:22 UTC