Honda HR-V’s Launch Delayed Due to Economic Troubles

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Honda HR-V's Launch Delayed Due to Economic Troubles

While Honda Atlas Cars Limited (HACL) has teased the 2022 launch of HR-V however, the current economic downturn could lead to an extension according to a reliable source. Netmag

The company first teased HR-V in 2022 at the Pakistan Auto Show (PAS). Since the time it has been revealed that the following incidents have taken place:

Also read: Honda Cuts Production Due to Supply Chain Hiccups

  • US Dollar (USD) rate has hit an all-time record twice within a span of just two months.
  • State Bank of Pakistan (SBP) has imposed sanctions on imports from the auto sector which has caused carmakers to make production reductions.
  • The government have announced tax rate increases on various segments of cars.
  • Prices for cars have risen by as much as 20 percent.
  • The number of cars sold has plummeted dramatically.
  • Naturally aspirated (NA) 1.5-liter four-cylinder gasoline engine that produces the power of 119 horses (hp) as well as 145 Newton meters (Nm) in torque.
  • A turbocharged 1.5-liter four-cylinder petrol engine generates 179 HP and the torque is 240 Nm.

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