For the third time in 2023, the biggest player in the two-wheeler segment in Pakistan — Atlas Honda — once again notified an increase in the price of its motorcycles.
With the recent increase, the bikes have been made costlier by Rs7,000-25,000.
The company has been raising prices due to the constant fluctuations of the Pakistani rupee against all major currencies, especially the US dollar, coupled with a rise in the cost of manufacturing.
The new rates came into effect on March 3.
Following are the new retail selling price (ex-factory):
Sales tax — 18%
|CD70 (Red, Black)||Rs122,796.61||Rs22,103.39||Rs144,900|
|PRIDOR (Red, Black, Blue)||Rs161,440.68||Rs29,059.32||Rs190,500|
|CG125 (Red, Black)||Rs182,118.64||Rs32,781.36||Rs214,900|
|CG125S (Red, Black)||Rs216,864.41||Rs39,035.59||Rs255,900|
|CB125F (Red, Black, Blue)||Rs297,372.88||Rs53,527.12||Rs350,900|
|CB150F (Red, Black)||Rs376,186.44||Rs67,713.56||Rs443,900|
Last month, Atlas Honda jacked up prices of bikes in the range of Rs9,000-35,000. Earlier in January, the company increased motorcycle prices by Rs7,400-30,000.
Amid the ongoing economic crisis, Pakistan’s automobile sector has been hit hard owing to problems with the opening of letters of credit, arising due to the rapidly depleting foreign exchange reserves and a weakening rupee.