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.
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.
A view of Pakistan Deep Water Container Terminal at Keamari is seen in this file photo.
KARACHI: As economies around the world emerge from the Covid lockdowns, a new challenge has tripped up supply chains everywhere. A dire shortage of shipping containers in some countries matched by an oversupply in others has created awkward bottlenecks all over the globe, with Pakistan hit particularly hard.
“There is a material shortage of containers, and it will take us till March to sort it out,” said Mohammed Rajpar, Chairman of the Pakistan Ship’s Agents Association. “The crunch began back in September but has shown no signs of abating,” he added.