Honda Bikes Price Increased Upto PKR 65,000
After a price increase of Rs21,600 on bikes, the Honda CD-70 is now offered for Rs116,500.
According to Association of Pakistan Motorcycle Assemblers (APMA) Chairman Sabir Shaikh, “We are seeing a decline in bike sales.” Everyone appears to be moving in the wrong direction as four-wheeler commuters board upscale two-wheelers and the latter models descend to 70cc engines.
We are seeing a decline in bike sales in urban areas, Shaikh noted.
The cost of the Honda CD-70 Dream was increased by 23,000 rupees to 124,500. The cost of the Honda Pridor 100 has also gone up by Rs 25,400 to Rs 155,900.
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Similar price increases were made to the Honda CG 125 bikes and Honda CG 125S Special Edition, which were Rs 27,400 and Rs 28,900, respectively, to Rs 179,900 and Rs 210,900.
Additionally, the company increased the cost of the Honda CB 125F by Rs55,400 to Rs273,900.
The price of the Honda CB 150F (Red and Blue) and Honda CB 150F (Silver) models from the Japanese company has increased by Rs65,000.
Even though the Pakistani rupee has started to slightly strengthen against the US dollar, manufacturers of two-wheelers like Atlas Honda, Pak Suzuki, and Yamaha have increased the price of their motorcycles by up to Rs 65,000.
The rupee began to stabilise against the dollar on Monday for the second day in a row. The rupee hit an all-time low against the US dollar on Thursday of Rs239.94 before rising to Rs238.84 on Monday.
In the interbank market on Monday, the rupee gained Rs0.53, or 0.22 percent, to reach Rs238.84 against the US dollar. It recovered six rupees in the open market to reach the mark of Rs 242.