Atlas Honda, one of the leading motorcycle market giants has once again raised prices for its units from PKR 2,600-8,000. This is the 6th time in a span of 12 months the company has increased the price.
Due to the Rupee being the weaker currency, the price of the imported parts have become more expensive, thus the increase in the price of the vehicles. Just recently, Al-Haj FAW had also hiked the price for their vehicles as well.
The following are the new prices for Atlas Honda bikes:
|Models||Price Increase||New Price|
|Honda CD 70||2600||69500|
|Honda CD Dream||2600||73500|
|Honda CG 125||3600||114500|
|Honda CB 150F||8000||187000|
Previously, in January and April, the brand increased its bike prices by Rs500-1,000 and Rs500-3,000 respectively.
In June, it raised another Rs 800-2,000 on their bikes. Despite the price hike, Honda’s sales have gone up by 3.66% as the company sold 373,698 units in 4MFY19, as compared to 360,516 units in the same period last year.
Chairman of Association of Pakistan Motorcycle Assemblers, Mohammad Sabir Sheikh informed the media that the hike comes after rupee depreciation against the Rupee. He added that cost of imported sheet metal has also rised due to the increase in customs duty.
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