Several factors, including burgeoning raw material costs, continuous depreciation of the local currency, and greater freight rates, have forced the Pakistani two-wheeler industry to announce regular price hikes in 2022, putting motorcycles in a price range that is difficult to afford for a remarkable portion of the populace.
Atlas Honda recently announced a price increase for their motorcycles in the range of Rs3,600-9,000, with the new rates taking effect from June 1, 2022.
United, Metro, and Road Prince, among other Chinese motorbike manufacturers, have also hiked their two-wheeler prices.
New prices
The price of the Honda CD 70 has increased by Rs3,600, to Rs106,500. Similarly, following a Rs4,000 increase, the CD70 Dream model is now available for Rs113,500.
Following a Rs5,000 price hike, the Pridor variant will now be available for Rs144,900.
The CG125 and CG125S have had their prices increased by Rs5,000 to Rs168,500 and Rs198,500, respectively.
The price of the Honda CB125F has been hiked by Rs9,000 from Rs244,900 to Rs253,900.
The price of the CB150F has been increased to Rs308,900, while the CB150F (red, black) will be available at Rs312,900 starting June 1.
Since March 2022, Atlas Honda has increased the price of its motorcycles every month.
The two-wheel market isn’t the only one seeing price increases; car costs have grown by up to 55 percent in the current fiscal year.
As per industry experts, the increase in motorbike and automobile prices is primarily due to an increase in foreign raw material prices and an increase in freight costs following Covid-19.
The automobile industry, particularly due to auto-grade steel and plastic resins, is significantly reliant on imports.
Furthermore, the sector has a low level of localisation, with the majority of parts being imported. As a result, the rupee’s depreciation has an impact on automobile and motorcycle prices.
