According to the recent speculations of the news about price reduction of the products of Atlas Honda and Toyota Motors, two Japanese automakers, have decided to keep out of the price battle sparked by a record decrease from Lucky Motor Corporation Ltd (LMCL) and Pak Suzuki Motor Company Ltd (PSMCL).
Honda Atlas Cars Ltd (HACL) has stated that numerous dealers and consumers have contacted it over recent price changes made by various market competitors. Following these inquiries, HACL “affirms current prices to be maintained.”
These price reduction rumors spread across the country due to the major price cut in other famous car companies recently which causes a situation of dilemma among the buyers and dealers.
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Honda has revised the prices for the 1.2L Honda City models. “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,” HACL said in a statement.
This will be not a good news update for car lovers as they cannot buy new cars at discounted prices.
Honda Atlas dropped pricing in March by Rs50,000-140,000 for City versions.
Indus Motor Company (IMC) has also distanced itself from the recent pricing battle, stating that “there will be no price changes for now till further notice.”
In a statement to its authorized dealers, IMC stated that it has received several inquiries regarding recent pricing modifications by various market players. “We are committed to maintaining our current pricing structure,” the business stated.
IMC has already been careful of passing on any potential benefits to its clients by changing the pricing of its whole product line and significantly lowering the price of specific Toyota Yaris versions.
IMC reduced the prices of certain Toyota Yaris vehicles by Rs73,000-133,000 in March.