Taking advantage of the growing demand for motorcycles, Atlas Honda raised the prices of its bikes for the fourth time in 2021.
âDespite a low import cost thanks to the appreciation of the rupee against the dollar, Atlas Honda has increased the prices of motorcycles from 1,600 to 3,000 rupees,â said Muhammad Sabir Shaikh, president of the Association of Motorcycle Assemblers of Pakistan (APMA).
Topline Securities analyst Fawad Basir said the bicycle market is in high demand due to a drastic cut in interest rates by the central bank. Citing figures, he said Atlas Honda sales grew 25% in the first nine months of the current fiscal year on an annual basis. âA large part of bicycles in Pakistan are sold through bank financing,â he said.
Atlas Honda has increased the price of the Honda CD70 from Rs82,900 to Rs84,500, an increase of Rs1,600. As a reminder, the price of the Honda CD70 had increased by Rs6,600 in just four months in 2021, and the price of the Honda CD70 Dream jumped from Rs1,600 from Rs88,900 to Rs90,500.
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In contrast, the cost of the Prider model increased by Rs 3,000. The company increased the price of the Prider variant from Rs 114,500 to Rs 117,500.
Likewise, the price of CG125 has also increased from Rs3,000 to Rs139,500. The model was previously sold for Rs136,500.
The cost of CG125SE has increased to Rs167,500 from Rs164,500. The price of the CB125F went from Rs197,500 to Rs200,500.
Atlas Honda’s CB150F model is now available at Rs255,500 instead of the old Rs252,500. Previously, Atlas Honda revised the prices of motorcycles upward from Rs 1,000 to Rs 1,600 at the end of March 2021.
It sold 836,046 units in the first eight months of fiscal 2021 compared to 7,194 units in the same period of the previous fiscal year, Shaikh said.
“The cost of imports has fallen since the last week of August 2020, when the US dollar rose to 168.4 rupees from the current rate of 154 to 155 rupees, however, the prices of motorcycles and other vehicles are continually increasing. “, did he declare.
Posted in The Express Tribune, May 6e, 2021.