Following the recent price cuts announced by various automakers, including Kia and Suzuki, consumers are now expecting Honda and Toyota to follow suit.
However, both the car manufacturers have decided that they will not be reducing their prices. According to CarSpiritPK, Honda in a statement has said that they have been approached by numerous customers and dealers regarding the recent price reductions.
It made it clear that it will maintain its current prices. “We hold our ground on price stability with no further decrease at this given time, considering no change in forex and the cost of materials,” the company said.
It should be recalled that Honda had reduced the prices of 1.2L City variants ranging between Rs 50,000 to Rs 140,000 in March this year.
Read More: Kia Sportage Prices Reduced by Up to Rs. 300,000
Indus Motor Company (IMC), responsible for manufacturing the Toyota brand vehicles in Pakistan, has also refused to slash its prices. “There will be no price changes for now till further notice. We are committed to maintaining our current pricing structure,” IMC announced.
Earlier in March this year, the company had announced a price reduction of up to Rs. 133,000 for the 1.3L Yaris variant.
