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Kwang Yang Motor Co (光陽工業), which sells scooters and motorcycles under the KYMCO (光陽) brand, yesterday said it is under mounting pressure to increase prices amid a surge in raw material costs. Local scooter and motorcycle manufacturers have so far absorbed rising costs to avoid scaring away consumers, while automakers have adjusted prices upward by 3 to 5 percent to reflect cost pressure. “Based on changes in prices for raw materials, Kwang Yang faces an increase of more than NT$1 billion (US$35.6 billion) in costs this year,” Kwang Yang chairman Allen Ko (柯勝峰) told reporters on the sidelines of a media briefing

T ai peiChanghua countyZhanghua xianAllen koKwang yangKwang yang motor coGogoro incTaipei timesLisa wangTaifong golf courseYen hung chunThe taipei times