One of Pakistan’s largest bike manufacturing and selling brands, Atlas Honda, has increased the prices of its bikes for July 2019. Note here that Honda Car Limited has also revised the rates of its cars after the implementation of FED by the government.
The company has not revealed as to why it hiked the rates, however, while talking to PakWheels.com, a local bike dealer, said that the company revised the rates due to rupee devaluation and uncertain economic conditions. See the new rates below:
See the previous prices below:
Moving onwards, on a YoY and MoM basis, the bike market sales are down by 13%. Honda Pakistan has sold 105,013 bikes units in April 2019 whereas, in the same period of the corresponding year, it shipped 115,161 units. There is a decrease of 9% in sales.
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