Anticipating a rising demand for motorbikes following a significant hike in petrol prices, the assemblers have started increasing bike prices, Dawn reported.
Even the less demanded Chinese bikes have jacked up their prices, attributing it to the rupee devaluation and subsequent rising cost of production coupled with surging transportation costs after a Rs30 per litre rise in fuel prices.
Atlas Honda Ltd (AHL) has increased the price of various models by up to Rs9,000 from June 1. The market leader has increased prices multiple times since 2021, citing the falling strength of the rupee. The company had pushed up the price by Rs3,000-8,000 in the first week of May.
Following a price hike of Rs3,600, the Honda CD-70 is now tagged at Rs106,900. Whereas, after a Rs4,000 jump in CD-70 Dream, its price has gone up to Rs113,500.
The Honda Pridor and CG125 will cost Rs144,900 and Rs168,500 after a jump of Rs5,000. The new price of CG125SE is Rs198,500, showing a jump from Rs193,500.
Read more: Honda increases bike prices once again
CB125F price has been raised to Rs253,900 after an increase of Rs253,900. After a hike of Rs9,000, CB150F silver colour would be available at Rs308,900, while red and black models would be sold at Rs312,000 from Rs303,900.
Pakistan’s second-largest bike assembler, United Auto Motorcycle, has jumped Rs3,000 in 70cc-125cc models from June 7.
Pak Star Automobile Ltd has come out with a price hike of Rs7,000 in the 100-150cc bikes from June 5, along with a Rs10,000 hike in 200cc auto rickshaw loaders and a Rs7,000 increase in auto-rickshaws
D.S. Motors Private Ltd has increased the price of the 125cc model by Rs10,000 from June 5.
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Road Prince Motorcycle and auto-rickshaw have jacked up the price of 70cc-125cc bikes by Rs3,000 from June 7.
Along with a 55% increase in car prices, the prices of the two-wheel segment have seen a significant surge in prices this year.
The auto sector depends heavily on imports, especially on the imported auto-grade steel and plastic resins. Due to the low localization level, the rupee depreciation also affects car and bike prices.