Locally produced automobiles will be delivered up to 9 months late


If a customer orders a locally assembled car today, delivery can take up to nine months despite constraints on car financing, high registration fees and rising prices.

On February 4, three new versions of Honda Civic were launched in a media campaign, with a partial booking amount of Rs. 1.2 million and expected costs ranging from Rs. 5.099 million to Rs. 6.149 million .

According to market sources, Honda Atlas Cars Ltd. (HACL) would now exclusively build 1500cc Civic Turbo sedans rather than 1800cc vehicles. However, the company has yet to reveal any official images of the 2018 Civic.

According to Shabbir Alibhai of Honda Drive-In and Honda Quaideen, the new Civic is similar to any C-Class Mercedes, Audi or BMW with the same amenities.

Car deliveries and own requests

Honda

Given the huge demand for the new Civic, the automaker estimates that it will take four to eight months to produce its three models. The “new” variants, introduced in August, will take three to four months to arrive, while the BR-V will be delivered to the owner in two to three months at the showroom.

Toyota

Corolla and SUV buyers will have to wait four to five months for deliveries, while the Yaris will be delivered in two months. The Yaris has low value for its own money, while the Corolla and Grande models have premiums of around Rs. 300,000 each.

Funding Restrictions

Apart from that, Toyota and Honda dealerships have seen major setbacks from banks that provide auto loans. This is mainly due to an increase in car prices as a result of the Federal Excise Duty (FED), exorbitant registration fees on vehicles with engines larger than 1000cc, and Bank financing restrictions. of State in the fourth quarter of 2021.

KIA

Due to a shortage of semiconductor chips, Lucky Motor Corporation (LMC) halted reservations of the Picanto AT in December 2021, and those of the manual variant ended on February 2.

As per Kia’s commitment, Picanto will be delivered in July, followed by Sportage variants in April or May. The delivery months for the two Stonic variants are February and June, while the Sorento and Carnival are readily available due to low demand.

Despite complaints about high prices, high registration fees and vehicle financing restrictions imposed by the State Bank of Pakistan, a Kia dealer reported that the Sportage was still in high demand. According to sources, the Sportage has a clean money of Rs. 40,000 to Rs. 50,000, the Stonic has a clean money of Rs. 150,000, and the Picanto automatic has its own money of Rs. 200,000.

Suzuki

All Cultus models have been unavailable for reservation for four months, with the exception of the Alto which is still available. Cultus’ automatic and ABS models, however, have clean prices ranging from Rs. 300,000 to Rs. 325,000.

Alto should also be delivered within three to four months. The manual and automatic Alto variants have a Rs. 200,000 and Rs. 300,000 equity, respectively, while the VX variant has a delivery time of five months. The WagonR’s own sum is around Rs. 80,000.

Changan

Alsvin’s automatic variant, which costs Rs. 2.944 million, will be delivered in four months, while the sunroof variant is said to be delivered in 40 days.

To combat the development of the culture of clean money, huge taxes for various engine capacities have been levied on check-ins when reservations are made by people and check-ins are made under other people’s names. .

In addition, automakers must pay the Karachi Interbank Offered Rate (KIBOR) plus 3% interest on deliveries that take longer than 60 days after the first deposit.

According to Engineering Development Board (EDB) sources, automakers paid more than Rs. 3 billion to customers for late delivery between 2016 and June 2021.

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