Tag: Honda Atlas

  • Honda Atlas plans to launch hybrid cars as market competition intensifies

    Honda Atlas plans to launch hybrid cars as market competition intensifies

    Honda Atlas Cars Limited (HCAR) has announced plans to enter Pakistan’s hybrid vehicle market, potentially with the HR-V model, as it faces growing competition from rivals like Corolla Cross and Haval. This development was revealed during a briefing on the company’s financial results.

    HCAR disclosed that it intends to invest Rs5 billion in establishing a hybrid vehicle manufacturing plant. However, the company did not provide a specific timeline for this initiative. A similar announcement was made in July of the previous year, but details regarding the vehicle model or its launch date remain undisclosed.

    Analysts have expressed caution regarding the potential success of the new hybrid vehicle. JS Research analyst Wadee Zaman noted that the success of the model will hinge on its features and pricing.

    The company reported that, despite no issues with opening letters of credit, subdued demand and economic challenges have led to a decline in revenues. HCAR also shared localisation levels for its models: Civic at over 60 per cent, City at 73 per cent, and both BR-V and HR-V at less than 50 per cent.

    According to Topline Securities, HCAR benefited from a tax adjustment due to its history of minimum tax payments, which lowered its effective tax rate from 86.9 per cent to 15.2 per cent for FY23-24. Sohail also noted that about 10-15 per cent of the company’s imports come from Japan, with the remainder from Thailand, leading to minor gains from currency devaluation.

    According to Business Recorder, HCAR is also exploring opportunities in spare parts and CPU part exports. The company highlighted that the auto sector has faced significant challenges this year, including a 2 per cent increase in the policy rate, which rose to 22 per cent by March 2024. This contributed to a 45 per cent decline in the overall passenger car market.

    Looking ahead, HCAR anticipates a potential recovery in the industry during MY25, with improvements expected in the lower car segment and hybrids as the policy rate decreases. The sector is projected to regain a reasonable size within two years.

    For the current year, HCAR recorded earnings of Rs1.42 per share, a 40 per cent increase year-on-year but an 85 per cent decrease quarter-on-quarter. Gross margins fell from 8.4 per cent to 6.5 per cent. The company’s management has assured that margins will remain competitive.

  • Honda City 1.2 manual now costs more than Rs4.3 million after latest price hike

    Honda City 1.2 manual now costs more than Rs4.3 million after latest price hike

    Honda Atlas Cars Limited (HACL) has once again raised its car prices for the second time in two weeks. The company attributed the increase to rising inflation and a depreciating local currency.

    Below are the new prices for all Honda cars:

    Car Old Price (Rs) New Price (Rs) Hike (Rs)
    City 1.2 M/T 4,069,000 4,329,000 260,000
    City 1.2 CVT 4,199,000 4,469,000 270,000
    City 1.5 CVT 4,449,000 4,739,000 290,000
    City Aspire 1.5 M/T 4,629,000 4,939,000 310,000
    City Aspire 1.5 CVT 4,799,000 5,119,000 320,000
    Civic 1.5T M-CVT 6,849,000 7,299,000 450,000
    Civic Oriel 1.5T M-CVT 7,099,000 7,599,000 500,000
    Civic RS 1.5T LL-CVT 8,099,000 8,649,000 550,000
    HR-V VTi 1.5 6,399,000 6,799,000 400,000
    HR-V VTi S 1.5 6,599,000 6,999,000 400,000
    BR-V S 1.5 5,299,000 5,649,000 350,000

    The automobile industry is facing challenges due to foreign exchange limitations and parts supply issues. The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) and the Pakistan Automotive Manufacturers Association (PAMA) have jointly sent a letter to the Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, highlighting the dire situation.

    In the letter, the organizations state that the industry is facing the brink of collapse due to restrictions imposed by the SBP on imports and a lack of support from banks in the automotive sector. This has resulted in sporadic plant closures and lay-offs among assemblers and suppliers.

    The joint letter from PAAPAM and PAMA advised that failure to take corrective action would result in negative consequences such as widespread job loss, reduction in government income, the shutdown of car assembly plants, and capital loss. The letter emphasized that the negative effects of the letter of credit (LC) issue have contributed to the collapse of the automobile industry.

  • Honda Civic RS now costs Rs8.1 million after the latest price hike

    Honda Civic RS now costs Rs8.1 million after the latest price hike

    Honda Atlas Cars Limited (HACL) on Monday increased prices across its entire line-up, with the hike going as high as Rs550,000 for the popular Honda Civic RS. The automaker cited exchange rate volatility and an increase in production costs as the reasons behind the latest price revision.

    “Keeping in view the uncertain economic conditions, inflation in material costs, and volatility of forex, HACPL was compelled to pass part of this adverse impact through a price increase,” Honda said in a notice sent to dealerships.

    Here are the new prices:

    Variants Old Prices New Prices Difference
    City MT 1.2L Rs3,769,000 Rs4,069,000 Rs300,000
    City CVT 1.2L  Rs3,899,000 Rs4,199,000 Rs300,000
    City CVT 1.5L  Rs4,139,000 Rs4,449,000 Rs310,000
    City Asp MT 1.5L Rs4,299,000 Rs4,629,000 Rs330,000
    City Asp CVT 1.5L Rs4,479,000 Rs4,799,000 Rs320,000
    BR-V CVT S Rs4,939,000 Rs5,299,000 Rs360,000
    HR-V VTI Rs5,999,000 Rs6,399,000 Rs400,000
    HR-V-VTI S Rs6,199,000 Rs6,599,000 Rs400,000
    Civic 1.5L M CVT Rs6,349,000 Rs6,849,000 Rs500,000
    Civic 1.5L Oriel M CVT Rs6,599,000 Rs7,099,000 Rs500,000
    Civic RS 1.5LL CVT Rs7,549,000 Rs8,099,000 Rs550,000

    The new prices are applicable as of January 23, 2023.

    Honda City variants’ prices have been raised from Rs300,000 to Rs330,000. The base model of the City (Manual) 1.2L witnessed its price increase from Rs3.769 million to Rs4.069 million.

    The price of the Honda City Aspire Manual 1.5L rose from Rs4.139 million to Rs4.449 million.

    Honda Atlas raised the price of the Honda BR-V CVT S by Rs360,000 to Rs5.299 million. Additionally, the price of Honda HR-V variants rose by Rs400,000. HR-V VTI and HR-V VTI S models now cost Rs6.399 million and Rs6.599 million, respectively, after the latest price increase.

    Read more: Suzuki cars latest prices

    The company jacked up the price of popular Honda Civic variants by Rs500,000 to Rs550,000. The price of the Civic RS 1.5L LL CVT rose from Rs7.549 million to Rs8.099 million.

    Earlier, Toyota Indus Motor Company also increased prices across its entire lineup with a hike in the range of Rs280,000 to Rs1,210,000.

  • Honda Pakistan to launch the long-awaited HR-V tomorrow

    Honda Pakistan to launch the long-awaited HR-V tomorrow

    The long-awaited all-new Honda HR-V will finally make its formal debut on Friday, according to Honda Atlas Cars Limited (HACL), which recently teased the crossover in a Facebook post and confirmed the unveiling.

    Honda Pakistan will offer two versions of the HR-V, the VTi and VTi S. The 1.5-liter 4-cylinder naturally aspirated (NA) petrol engine in the base model will produce 119 horsepower and 145 Nm of torque. A 1.5-liter turbocharged 4-cylinder petrol engine with 179 horsepower and 240 Nm of torque will power the second model.

    According to details, the Honda HR-V VTi is anticipated to cost between Rs6.3 and Rs6.5 million. The top variant would cost approximately Rs6.7 million.

    If this pricing is accurate, the Honda HR-V will be a fierce competitor for crossover SUVs that are already on the market. As Pakistani car buyers may favour a crossover over a pricey sedan, sales of Honda Civic and crossover SUVs from other automakers could also have a little impact.

    The sources have also stated that because bookings would begin immediately after the launch, the delivery of this car will begin in November 2022.

    Here are the features that the impending crossover may offer:

    • Traction control 
    • Hill start assist 
    • Stability control  
    • Dual tone side view mirrors + roof
    • Body coloured & black front grille
    • Automatic climate control 
    • Honda Sense
    • Four airbags

    For those who are unaware, the Honda HR-V is not a brand-new sight in Pakistan; local auto dealers have been offering hybrid versions of this vehicle, which are originally imported from Japan.

  • Honda reduces car prices to pass on the forex impact

    Honda reduces car prices to pass on the forex impact

    Honda Atlas Cars Limited (HACL) has reduced the prices of its entire lineup, like its rival Toyota.

    According to a notification from the automaker, the latest price reduction is an outcome of the Pakistani rupee’s strengthening versus the US dollar, and the company wants to pass on the forex impact to its “valued” customers.

    Here are the new prices of Honda cars in Pakistan, effective from August 17:

    Model  Old invoice New price Decrease
    City Manual 1.2L Rs4,049,000 Rs3,769,000 Rs280,000
    City CVT 1.2L Rs4,199,000 Rs3,899,000 Rs300,000
    City CVT 1.5L Rs4,439,000 Rs4,139,000 Rs300,000
    City Aspire Manual 1.5L Rs4,609,000 Rs4,299,000 Rs310,000
    City Aspire CVT 1.5L Rs4,799,000 Rs4,479,000 Rs320,000
    BR-V CVT S Rs5,299,000 Rs4,939,000 Rs360,000
    Civic 1.5L M CVT Rs6,799,000 Rs6,349,000 Rs450,000
    Civic 1.5L Oriel M CVT Rs7,099,000 Rs6,599,000 Rs500,000
    Civic RS 1.5L LL CVT Rs8,099,000 Rs7,549,000 Rs550,000
    Honda Cars Latest Price List – August 2022

    Despite the most recent drop, the ‘cheapest’ Honda car still costs more than Rs3.7 million, making it out of reach for low-income individuals.

  • Here’s why Honda CD70 is the real Road Prince

    Here’s why Honda CD70 is the real Road Prince

    Similar to the price of cars, motorcycle prices in Pakistan have reached an all-time high in the current year 2022. Not even a single two-wheeler among the credible and well-known brands costs less than Rs100,000.

    Even the Chinese Road Prince 70cc model, which was viewed as a less expensive substitute for the Honda CD70, is currently being sold for about Rs75,000.

    Motorcycle buyers are now giving the new Honda CD70 more thought even if it costs Rs116,000, as the Chinese competitors are no longer any less expensive. Customers also consider the Honda CD70 since it comes from a dependable brand that has long dominated the Pakistani motorcycle market.

    The Honda CD70 has significantly better fuel economy than any other 70cc motorcycle made in China, and it is also much more durable than its competitively priced alternatives. It consumes relatively little fuel; some owners even assert that their bike travels more than 60 kilometers per liter, making it Pakistan’s most fuel-efficient bike.

    Read more: Cheapest new cars to buy in Pakistan

    There is no denying that the Honda CD70 is the best motorcycle and actual road prince of Pakistan, considering the current price of petrol in Pakistan, the Honda CD70 is a much better option since it requires little to no upkeep and may help you save a lot of money.

  • Pak Suzuki announces price hike for its overall lineup

    Pak Suzuki announces price hike for its overall lineup

    Following local vehicle manufacturers in Pakistan, Pak Suzuki Motors Company Limited (PSMCL) has announced a hefty price hike for their whole lineup. The new charges are effective immediately (May 9, 2022).

    Suzuki’s flagship hatchback, the Suzuki Swift GLX CVT, has received a price increase of Rs129,000 in its prior price of Rs3,169,000. The recently introduced vehicle now costs Rs3,298,000.

    After a price rise of Rs100,000 from its previous price of Rs2,662,000, the Suzuki Cultus AGS will now be available for Rs2,762,000.

    The price of the Suzuki Bolan AC variant has increased by Rs45,000 from its previous price of Rs1,370,000. Bolan is presently on the market for Rs1,415,000.

    Suzuki Alto VXL AGS, the automaker’s best-selling vehicle, will now be available for Rs1,951,000, up to Rs65,000 from its previous price of Rs1,886,000.

    Read more: Honda Atlas announces price hike instead of fixing delivery issues

    Suzuki’s Wagon R AGS, which was originally priced at Rs2,319,000 but is now priced at Rs2,399,000 after an increase of Rs80,000.

  • Honda City Hybrid 7th gen launched, Pakistan continues with retired 6th gen

    Honda City Hybrid 7th gen launched, Pakistan continues with retired 6th gen

    Honda has finally debuted the long-awaited City hybrid sedan in the Indian market. The ex-showroom price of the 2022 Honda City Hybrid e:HEV is 1.9 million INR (PKR 4.7 million). It’s only available in a single ZX model with all of the bells and whistles.

    Last year, the new City Hybrid made its global premiere, and it is India’s first mainstream segment automobile to have robust hybrid technology.

    Powertrain

    The City e:powertrain HEV’s consists of a 1.5-liter Atkinson-Cycle DOHC i-VTEC petrol engine combined with two electric motors. One serves as an electric generator, while the other serves as a propeller. The combined output of this powerplant is 124 horsepower, with a peak torque of 253 Nm. It also comes with three driving modes: EV Drive, Hybrid Drive, and Engine Drive, as well as Regeneration mode for slowing.

    Fuel economy

    The new Honda City Hybrid e:HEV is India’s most fuel-efficient sedan, with a stated economy of 26.50 kmpl. Honda has also included 37 high-tech Honda Connect features in the vehicle. Honda’s Sensing Technology is also being introduced for the first time in India.

    Safety technologies such as Collision Mitigation Braking System, Adaptive Cruise Control, Lane Keeping Assist System, and more are included in the City e:HEV.

    Read more: Honda Atlas announces price hike instead of fixing delivery issues

    Arrival in Pakistan

    After the 6th generation, Honda City was retired globally, Honda Atlas Cars Pakistan Limited (HACPL) introduced the latter into the Pakistani auto market, and given the history of Pakistani manufacturers, the car may continue for years, as the 5th generation Honda City was sold by Honda Atlas for more than a decade.

  • Honda Atlas announces price hike instead of fixing delivery issues

    Honda Atlas announces price hike instead of fixing delivery issues

    Honda Atlas, like its counterpart Indus Motor Company, announced a price hike for the second time in less than two months, increasing ex-factory prices up to Rs170,000, claiming rupee devaluation as the cause for transferring the burden to the consumers.

    The ‘latest generation’ of Honda city in Pakistan is now priced at Rs3,264,000 after getting a hike of Rs135,000. Aspire 1.5 variants of Honda city witnessed a hike of nearly Rs150,000 in their previous rate.

    Meanwhile, Civic prices increased by Rs150,000 across all three variants: the Civic 1.5L CVT, Civic 1.5L Oriel M CVT, and Civic RS 1.5L CVT. The top variant of Honda civic RS 1.5 LL CVT from May 1 will be offered at a price of Rs6,649,000 which was previously sold at Rs6,499,000.

    Honda’s MPV, the BRV, is now priced at Rs4,249,000 after a price increase of Rs170,000. BRV was earlier sold at Rs4,079,000.

    Read more: Toyota Pakistan announces another massive price hike for all cars

    Also, these prices are exclusive of freight charges and any government tax applicable at the time of delivery that will be paid by the consumer.

  • This Mercedes has a smaller engine than the Honda Pridor

    This Mercedes has a smaller engine than the Honda Pridor

    In the 1990s, Poland-based Alpha Technology produced this miniature Mercedes SL 500, which was marketed at Mercedes Benz dealerships and select toy stores. This one, on the other hand, was kept in a wooden crate for years before being purchased by its present owner last year.

    It is powered by a 97cc Honda single-cylinder engine with a two-speed gearbox with reverse and has a black body meant to look like the R129 500SL. It offers a black vinyl interior, rear mechanical disc brakes, a handbrake, a gearbox, and three pedals.

    It boasts coil springs at all four corners, a 12-volt electrical system, a hinged trunk, and a four-spoke steering wheel, despite the fact that it is essentially a go-kart. Steel Gullideckel-style wheels with 135.00–6 Duro bias-ply tyres are also included.

    A multi-disc wet clutch transmits power from the 2.5 horsepower (1.8 kW/2.53 PS) engine to the rear wheels. The electrical system operates the lights and the horn, and it has a 1.4-liter (0.3-gallon) fuel tank.

    The convertible seems to be in good shape, owing to the duration of time it spent in a box, the lack of use has resulted in atrophy. According to the listing, some mechanical maintenance will be required before the go-kart can run as intended.

    Read more: Hyundai’s electric vehicle wins ‘World Car of the Year’ award

    It is for sale through Bring a Trailer in Merritt Island, Florida, and comes with the crate, factory books, and a bill of sale. As of this writing, the top offer is a tantalising $7,669.