Honda has increased the prices of its vehicles a second time

According to the resources the company gives, the increasing prices are due to the rising inflation and devaluation of the currency.

The following new pricing is operative:

The Auto Industry is now at Risk:

Restriction of money exchange and material supply issues suffocates the auto industry. Last Thursday, both the Pakistan Affiliation of Auto Part and Accessory Manufacturing (PAAPAM), as well as the Pakistan Automobile Industry Association (PAMA), wrote the State Bank (Diastolic) Gov. Jamil Ahmad in a united statement.

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According to the statement, the industry is at Risk of dying out due to the SBP import bans and bankers’ failure to cooperate in the auto sector. As a reaction, companies are regularly collapsing, and manufacturers and providers are reducing their staff.

The statement indicated that not taking specific actions would end in joblessness, a decrease in government income, the shutdown of car production factories, and business loss. It was stated that industry breakdown was caused by dependent and independent variables on credit letters (LC).