Japanese and Chinese bike assemblers have shocked their buyers with surprise price hikes on the eve of Eidul Azha. APP/file
KARACHI: Japanese and Chinese bike assemblers have shocked their buyers with surprise price hikes on the eve of Eidul Azha.
Without giving any reason in their price revision letters to their authorised dealers, the Japanese assemblers have raised prices by Rs2,400-8,000 for different models.
While Chinese bike-makers have jacked up rates by Rs500-Rs2,000 attributing it to rising raw material (steel, plastic and resin) prices on the world markets coupled with rising rates of locally made parts.
The market leader Atlas Honda Ltd (AHL) has shocked buyers by raising prices by Rs2,400-5,000 on various models effective from Wednesday, the day nation will be celebrating Eidul Azha.
Suzuki GR150 now costs Rs290,000
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Pak Suzuki has also increased the prices of three of its motorcycles by up to Rs4,000 after Atlas Honda announced an increase. United Auto Industries has also increased its motorcycle prices by up to Rs2,000. Â Â Â Â Â
Suzuki GR150 is now priced at Rs290,000. Meanwhile, GS150 and GS150SE price has been jacked up by Rs4,000 each. The new price for GS150 is 197,000, and GS150SE 214,000. Â
Earlier, Atlas Honda has also notified its dealers about the price increase. Honda CD70, the most selling motorcycle in Pakistan, will now cost Rs81,900 after an increase of Rs2,400. Both Honda and Suzuki prices have been effective from February 1.
Fully cashing in on a strong demand, Japanese and Chinese bike assemblers have again raised prices by between Rs1,500 and Rs3,400. Photo courtesy Fahadullah/File
KARACHI: Fully cashing in on a strong demand, Japanese and Chinese bike assemblers have again raised prices by between Rs1,500 and Rs3,400, citing costly raw materials on the world markets in the ongoing month.
With over 94 per cent localisation in the 70cc segment and a substantial rupee recovery against the dollar since August 2020, buyers have yet to see any price impact. Atlas Honda Ltd (AHL) made a second price hike in the current month. The current price hike ranges between Rs2,400-3,400 of different models effective from Feb 1, while the company had jacked up price by Rs1,600-2,000 on Jan 5.