By Mohsin Khan
KARACHI: Local automotive companies are likely to increase car prices in coming days on surging cost of production by uncontrolled utility expenses and depreciation of Pakistani currency against dollar and Japanese currency.
Sources in the market said the Suzuki and Honda carmakers are likely to jack up prices of their brands.
They said Suzuki and Honda were facing a recent increase of Rs 14,000 to 159,000 or 2.1 to 3.5 percent in the price of their car brands in the month of October.
Recently, Indus Motor Company (IMC) soared its automobiles prices by 1.5 percent on the same account.