Atlas Honda, Pakistan’s largest player in the two-wheeler segment in terms of market share, has increased its motorcycle prices for the third time this year. With the recent hike, the price of bikes has gone up by Rs7,000-25,000.
According to a statement given by the company to its customers, the new prices will be applied from March 3 onwards.
After the revision, the CD70 will now retail for Rs144,900 after a price hike of Rs7,000. The price of the CD70 Dream has been increased by Rs8,000 to Rs155,500.
After Atlas Honda, Pak Suzuki also sold motorcycles in Pakistan
The price of the Pridor variant has been increased from Rs181,500 to Rs190,500. The CG125 model has been priced up by Rs9,000 and will retail for Rs214,900.
After the increase of Rs12,000, the CG125 S will now book for Rs255,900. The price of the CB125F has been revised from Rs330,900 to Rs350,900.
The CB150F will now retail for Rs443,900 after an increase of Rs25,000. The CB150F (Silver) saw a price hike of Rs25,000 and is now available at Rs447,900.
Last month, Atlas Honda hiked the prices of bikes between Rs9,000-35,000. In early January, the company raised the price of the motorcycle to Rs7,400-30,000.
Hyundai-Nishat Motors has increased the prices of its cars
Business data says prices have gone up due to the weakness of the rupee in all major currencies along with the increase in the cost of production. Meanwhile, more demand coming from Afghanistan has also given companies an opportunity to drive down prices.
The chairman of the Association of Pakistan Motorcycle Assemblers (APMA) Sabir Sheikh told the Business Recorder that “there is a huge demand for motorcycles coming from Afghanistan, which is a big reason for the increase in prices. present”.
Meanwhile, the rupee has also depreciated to an unprecedented level, which has caused many car and motorcycle manufacturers to raise prices.