Atlas Honda has increased the rates of its bikes by up to PKR 4,000. Pakistan’s largest bike manufacturer and producer, Honda has changed the prices of its bikes for the fifth time this year. There is no exact reason as to why the company has increased the rates nor the company itself has revealed anything. The new prices will come into effect from October 3, 2018.
See the changes in the prices of Honda bikes below:
|Old Prices||New Prices||Difference|
|Honda CD-70||PKR 65,500||PKR 65,900||PKR 400|
|Honda CD-70 Dream||PKR 68,900||PKR 69,900||PKR 1,000|
|Honda Pridor||PKR 90,900||PKR 91,400||PKR 500|
|Honda CG-125||PKR 110,900||No change||No change|
|CB-150F||PKR 172,000||PKR 176,000||PKR 4,000|
|CB-250F||PKR 640,000||No change||No change|
Earlier, Honda cited rupee devaluation as the source of increasing the prices of its vehicles lineup. The company sold 90,009 units in July 2018, whereas in August the sales dropped to 80,012 units, this might be one of the reasons the company decided to soar the rates of its products. Honda has also decided to increase its production capacity up to 1.5 million units per year. The company will be spending a hefty amount of $15 million in this regard.
Keeping in view the price hike by Atlas Honda, it is safe to say that other local bike makers might also surge the prices.
Stay tuned for the latest updates.