According to the Dawn Newspaper.
The Japanese motorcycle manufacturers have increased the price by at least Rs1,500-2,000 making the cumulative hike of Rs4,000 Rs8,000 in various engine capacities since May 2008.
Similarly, the Chinese bike makers have pushed up the prices by Rs4,000 in the same period.
According to the dealers, the bike manufactures had been passing out the impact of the falling rupee value against various currencies which resulted in pushing up the cost of imported parts.
The price of Japanese bike Honda 70cc has been raised to Rs58,400 on September 3 while it was available at Rs50,890 on May 7. The CG-125 is now priced at Rs78,400 as compared to Rs70,490.
The 100cc and CG-125 Deluxe Model (with EURO II engine) are now tagged at Rs64,400 and Rs83,400 as compared to Rs60,490 and Rs76,890 respectively.
Meanwhile, Atlas Honda Limited (AHL) has introduced CD-100 with EURO II engine to control environment pollution while a Chinese bike maker has also introduced EURO II model in the 125cc engine capacity.
A dealer at Akbar Road claimed that bike makers had already achieved 100 per cent indigenisation of local components (body and frames) and they had been pushing up their prices on the lame excuse of the rupee devaluation despite the fact that they were importing only engines.
He added that rising petrol prices had a negative impact on sale of motorcycles.
A Honda dealer said that he could sell only one bike in three days now as against five to eight bikes a day in May 2008.
He added that increase int the petrol price had pushed up the monthly bill of a bike owner by Rs1,000-1,500 in the last few months.
A refinery operator said that out of total annual consumption of about 1.5 million tons petrol, the share of motorcycles stood 55 to 60 per cent.
The total production of motorcycles (both Japanese and Chinese) stands at 1.054 million units in 2007-08 in which 48 per cent are Chinese origin. Bike production in 2006-07 was 839,851 units.
- Used Cars
- New Cars
- Cool Rides
- Post an Ad