Tag: JDM

  • 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.

  • Sony, Honda form joint venture to build electric cars together

    Sony, Honda form joint venture to build electric cars together

    Sony and Honda have formally signed a joint venture agreement to form an electric vehicle (EV) manufacturing company. The new business is named “Sony Honda Mobility Inc.,” with Sony taking precedence over the proven automaker.

    Honda executive Yasuhide Mizuno has been named chairman and CEO, and Sony executive vice president Izumi Kawanishi has been named president and COO.

    As previously stated, the partnership will make use of “Honda’s cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology, and after-sales service management experience,” as well as Sony will contribute “imaging, sensing, telecommunications, network, and entertainment technologies” in the meantime.

    Honda is lagging behind competitors in EV progression, with the Honda E as its only electric vehicle, but it has recently accelerated its plans. It announced a partnership with GM earlier this year to co-develop a series of affordable electric vehicles based on a global architecture and GM’s Ultium battery technology. Honda and Acura SUVs are expected to be available in North America by 2024.

    Honda also announced last year that by 2040, it will have converted its entire vehicle lineup to electric and fuel-cell vehicles. It will invest $40 billion and launch 30 new electric vehicles by 2030 as part of this plan.

    Meanwhile, Sony has unveiled not one, but two self-designed electric vehicles, the Vision-S EV and Vision-S 02 electric SUV. It’s unclear how Sony Honda Mobility fits into all of these plans, but we should find out more information soon.

  • Getting a new car? Check out the new advance tax imposed on your favourite vehicle

    Getting a new car? Check out the new advance tax imposed on your favourite vehicle

    The government has released the fiscal budget for 2022-23, which includes several changes, including a 200 per cent advance tax on the purchase of cars with engine displacements greater than 1600cc for non-filers.

    This decision is likely to possess a considerable effect on the sales of several cars in Pakistan, which have already witnessed multiple price hikes in previous months. The tax amount for non-filers has now been doubled, which will have an influence on new car sales, particularly those with larger engines.

    The advance tax will now be applicable to several famous vehicles that have dominated the auto industry for years now from well-known manufacturers, including old players like Honda and Toyota, as well as new players like Hyundai, Kia, DFSK and BAIC.

    Taxes for filer and non-filer

    Toyota Corolla Altis Grande, 1800cc, ranges from Rs4,499,000-4,859,000, Tax for filer: Rs150,000, Tax for non-filer: Rs300,000

    Hyundai Elantra GLS, 2000cc, priced at Rs4,949,000, Tax for filer: Rs200,000, Tax for non-filer: Rs400,000

    Hyundai Tucson, 2000cc, ranges from Rs5,799,000-6,299,000, Tax for filer: Rs200,000, Tax for non-filer: Rs400,000

    Hyundai Sonata 2.0, 2000cc, priced at Rs6,999,000, Tax for filer: Rs200,000, Tax for non-filer: Rs400,000

    DFSK Glory 1.8 CVT, 1800cc, priced at Rs5,159,000, Tax for filer: Rs150,000, Tax for non-filer: Rs300,000

    Kia Sportage, 2000cc, priced at Rs5,300,000-6,300,000, Tax for filer: Rs200,000, Tax for non-filer: Rs400,000

    BAIC BJ40, 2000cc, priced at Rs8,199,000, Tax for filer: Rs200,000, Tax for non-filer: Rs400,000

    Hyundai Sonata 2.5, 2500cc, priced at Rs7,849,000, Tax for filer: Rs300,000, Tax for non-filer: Rs600,000

    Kia Sorento, 2400cc, ranges from Rs6,836,000-7,499,000, Tax for filer: Rs300,000, Tax for non-filer: Rs600,000

    Toyota Fortuner, 2700-2800cc, ranges from Rs9,959,000-12,679,000, Tax for filer: Rs400,000, Tax for non-filer: Rs800,000

    Toyota Hilux, 2800cc, ranges from Rs7,359,000-9,729,000, Tax for filer: Rs400,000, Tax for non-filer: Rs800,000

    Isuzu D-Max V-Cross, 3000cc, ranges from Rs6,600,000-6,960,000, Tax for filer: Rs400,000, Tax for non-filer: Rs800,000

    Kia Sorento V6, 3500cc, ranges from Rs7,499,000, Tax for filer: Rs450,000, Tax for non-filer: Rs900,000

    Local vehicle assemblers are dissatisfied with the new budget, claiming that the government unilaterally raised advance tax on motor vehicles larger than 1,600cc because the industry did not propose it. They claim that the decision is also discriminatory and will reduce auto sales.

    Read more: Energy sector to get a massive portion of the Rs699 billion subsidy

    Advance tax on motor vehicles larger than 1600cc has been doubled, while electric vehicles costing Rs5 million or more will be subject to a 3 per cent tax.

  • Toyota Pakistan to launch first-ever locally assembled Hybrid crossover

    Toyota Pakistan to launch first-ever locally assembled Hybrid crossover

    Toyota Indus Motor Company (IMC), Pakistan’s most prominent automaker, is upgrading its manufacturing plant in preparation for the start of local production of hybrid electric vehicles (HEVs) by 2023.

    Toyota IMC CEO Ali Asghar Jamali revealed that the locally assembled Toyota Corolla Cross will be available in 2023. It is worth noting that this crossover will be the first ever locally assembled Hybrid vehicle by the Japanese manufacturer in Pakistan.

    He stated that the company intends to launch its hybrid crossover SUV in the Rs5 to Rs7 million price range, which may not be possible given the country’s economic and overall situation. Experts predict that the Crossover will be priced between Rs9-10 million.

    Given the current economic situation and the government’s plan to raise car taxes, Toyota IMC will reveal its final price next year.

    Jamali also discussed the company’s plans for overall HEV localization. He stated that Toyota has already invested $100 million in Pakistan to produce HEVs and plans to introduce electric vehicles (EVs) in the future when the country is ready for this technology.

    Jamali emphasised that HEVs are a midterm solution before EVs because Pakistan lacks the infrastructure for the latter, and that converting all cars to HEVs could reduce Pakistan’s oil imports by up to 50%.

    As most of Pakistan’s electricity is produced using fossil fuels, EVs will increase local LNG, coal, and crude oil imports, while investment in improving distribution and creating a charging infrastructure will also be required, according to Jamali.

  • Toyota Camry after a hike of Rs2 million, priced at Rs23.3 million

    Toyota Camry after a hike of Rs2 million, priced at Rs23.3 million

    Toyota Indus Motor Company (IMC) has announced a massive price hike for all completely built-up (CBU) units offered by the Japanese automaker in Pakistan. The price of Toyota Camry is upped by Rs2 million and will now cost Rs23.3 million

    The only variant of the popular hybrid model, Toyota Prius received a hike of Rs1.26 million and will be sold for Rs14.65 million. Toyota’s crossover SUV, Corolla Cross (top trim) is now priced at Rs13.4 million after a hefty increase of Rs1.17 million in its earlier price.

    Finally, the automatic version of Toyota Rush will now be offered at Rs8.33 million following an increase of Rs710,000.

    Read more: Hyundai Sonata 2.5 will now cost Rs7.85 million

    Toyota IMC’s CBU models, in particular, have become nearly unobtainable following the recent price jump. The government’s main purpose in the auto sector, however, is to discourage CBU imports and increase sales of locally produced vehicles. This means that all other CBUs are on the verge of suffering the same fate as Toyota.

  • 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.

  • Hyundai Pakistan launches another variant of obsolete Elantra

    Hyundai Pakistan launches another variant of obsolete Elantra

    Hyundai-Nishat has introduced the long-awaited Elantra GL 1.6, with a hefty price tag of Rs4.3 million for the ‘base trim’.

    This model was predicted to compete with the Altis X 1.6, but Rs4.3 million for a base model does not seem to attract much for a car that already existed.

    The ‘latest sedan’ is now available for bookings at Hyundai dealerships for Rs1.2 million. In terms of appearance, the new Elantra GL is identical to the GLS model. The majority of the changes have occurred on the inside.

    GL’s naturally aspirated 1.6-liter 4-cylinder petrol engine produces 127 horsepower (hp) and 155 Newton-meters (Nm) of torque in the new model. It has a 6-speed automatic transmission that drives the front wheels.

    The Toyota Corolla Altis 1.6L, which is priced between Rs3.92 million and Rs4.3 million, will be the Hyundai Elantra GL’s main rival which comes with a 4-year or 100,00 km warranty. Hyundai, as a newcomer to Pakistan’s automarket, appears to be up against a formidable opponent: Toyota Indus, which has been selling automobiles for decades and is known for its sturdiness.

    Read more: Toyota to launch its first electric car with 559 km range next month

    It is too early to comment on its performance at the moment, as its fate will be revealed in the near future when Pakistan Automotive Manufacturer’s Association releases the monthly sales data.

  • Toyota to launch its first electric car with 559 km range next month

    Toyota to launch its first electric car with 559 km range next month

    Toyota announced that it will introduce its revolutionary bZ4X battery-powered SUV in its home market on May 12, as part of a larger push to minimise its carbon footprint.

    The bZ4X is Toyota’s first vehicle built on a specific electric vehicle (EV) platform created in collaboration with Subaru. It’s made at the Motomachi factory, which now employs CO2-free utility power sourced from renewable sources.

    It was also disclosed that the Japanese dealerships would start taking orders for the first batch of 3,000 vehicles in May 2022, with the second batch of about 2,000 vehicles anticipated early in the autumn. This year, the manufacturer plans to create and sell 5,000 units.

    The Japanese manufacturer claims that its new battery electric vehicle (BEV) SUV has a power-efficiency rating of 128Wh/km and a touring range of 559 kilometers (347 miles). It is compatible with rapid DC chargers available all around the world, while its battery can be topped to 80 per cent in just 40 minutes.

    All bZ4X models delivered in Japan will be leased, as per the manufacturer, to alleviate customer concerns about electric cars and allow it to apply its 3Rs (Rebuild, Reuse, Recycle) battery management system. The batteries incorporated in the SUVs will be guaranteed for ten years and 200,000 kilometers (120,000 miles) at 70 per cent capacity retention.

    Read more: Here’s a look at the new Honda Vezel 2023

    The Kinto service will be able to lease the bZ4X models to private clients, while the Rent-a-Lease and Toyota Mobility Services networks will be able to lease the EV to corporate customers.