KARACHI: Honda Atlas Cars Ltd (HACL) on Friday increased the price of various vehicles by Rs260,000- 425,000, effective from Jun 24, due to recent rupee devaluation and negative exchange rate impacts.

After a jump of Rs400,000, the new prices of Honda Turbo RS and 1.8L VTI CVT are Rs4.199 million and Rs3.599m respectively while the rate of 1.8L VT SR CVT is up Rs425,000 to Rs3.824m.

The new prices of 1.3L MT, I.3L AT, 1.5L MT, I.5L AT and 1.5L Aspire MT are Rs2.179m, Rs 2.319m, Rs2.239m, Rs2.379m and Rs2.394m — higher by Rs260,000. Meanwhile, 1.5L Aspire AT will cost Rs2.554m, showing a rise of Rs280,000.

HACL has jacked up the rates of BRV MT by Rs305,000 to Rs2.589m while BRV CVT and BRVS CVT will now cost Rs2.784m and Rs2.919m, up by Rs350,000 each.

The company has informed its authorised dealers that from July 1, any government taxes (federal excise duty, customs duties etc) will be added to these new prices.

The government in Budget 2019-20 had levied federal excise duty in the range of 2.5-7.5pc on vehicles of various engine power.

Published in Dawn, June 22nd, 2019