The two-wheeler segment’s largest player in Pakistan, Atlas Honda, has raised motorcycle prices following a significant hike in car prices.
This marks the company’s second rate hike in February, as they already increased the prices of their motorcycles by an amount ranging between Rs7,400 and Rs30,000 earlier this month.
The new prices became effective on February 15.
|Model||Old Prices (Rs)||New Prices (Rs)||Hike (Rs)|
|CD 70 Dream||137,900||147,500||9,600|
|CG 125 Special Edition||230,900||243,900||13,000|
|CB 125 F||303,900||330,900||25,000|
|CB 150 F||383,900||418,900||35,000|
|CB 150 F SE||387,900||422,900||35,000|
During the Finance (Supplementary) Bill 2023, Finance Minister Ishaq Dar announced a rise in the general sales tax (GST) rate to 18%, which is expected to lead to price hikes for various industries and sectors.
Amidst Pakistan’s ongoing economic crisis, the automobile sector has been significantly impacted due to the depletion of foreign exchange reserves and a weakening rupee, leading to issues with opening letters of credit.
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