Automobile

Honda City new price in Pakistan after Budget 2024-25 approval; Details inside

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Web Desk

ISLAMABAD: The federal government is contemplating a substantial rise in withholding tax on new car purchases, with proposed changes not limited to a flat increase but a percentage-based hike affecting cars with engine capacities ranging from under 850 cc to 2000 cc.

The Honda City is a popular choice as it offers a stunning blend of reliability, comfort, and performance. The latest generation of Honda City features sharp body lines, push-button start, keyless entry, and other fascinating changes.

It also features automated temperature control, a loaded steering wheel, modern LED headlights, LED taillights, and the newest multimedia system.

Boasting Water Cooled 4-stroke, SOHCi-VTEC engine, it delivers a potent combination of power and fuel efficiency, ideal for urban commutes and long drives alike.

Pakistan’s auto industry is currently facing significant challenges, including a sharp rise in car prices and a significant decline in sales.

According to Pakistan Automobile Manufacturers Association (PAMA) data, Honda’s sales have suffered. In the first six months of this fiscal year, less than 5,000 units of Honda’s locally assembled four models were sold.

Notably, the popular Civic and City models sold 3,938 units between July and December last year, marking a drop of over 50% compared to the same period last fiscal.

Revised Withholding Taxes on Honda City 2024

Up To 850cc Current Value Current Tax Proposed Tax (%) Proposed Tax (pkr) Difference (pkr)
Honda City

 

Honda City 1.5L CVT 5,439,000 50,000 2.00% 108,780.00 58,780
Honda City

 

Honda City 1.5L ASPIRE M/T 5,649,000 50,000 2.00% 112,980.00 62,980
Honda City

 

Honda City 1.5L ASPIRE CVT 5,849,000 50,000 2.00% 116,980.00 66,980

Taxes on Cars in Pakistan after Budget 2024-25 Approval

Engine Size (cc) Tax Rate (%)
Up to 850 0.5
851 to 1000 1
1001 to 1300 1.5
1301 to 1600 2
1601 to 1800 3
1801 to 2000 5
2001 to 2500 7
2501 to 3000 9
Above 3000 12

Honda City Variants

In Pakistan, Honda City is available in five variants:

Honda City 1.2L MT,

Honda City 1.2L CVT

Honda City 1.5LS CVT

Honda City 1.5LAS MT

Honda City 1.5LAS CVT.

Web Desk

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