Thursday, February 22, 2024

Honda Bikes Get Another Massive Price Increase

Atlas Honda has announced yet another huge price hike for its bikes.

Atlas Honda has announced yet another huge price hike for its bikes. This is their fourth price hike in 2022 and the second within May. As always, this places Pakistan’s largest bike manufacturer in the lead for announcing the most price hikes so far.

Effective immediately, the new prices of all Honda bikes are as follows:

MotorbikeCurrent Price (Rs.)Suggested Price (Rs.)Increase (Rs.)
CD 70102,900106,9003,600
CD 70 Dream109,500113,5004,000
Honda Pridor139,900144,9005,000
CG 125163,500168,5005,000
CG 125 SE193,500198,5005,000
CB 125F244,900253,9009,000
CB 150F299,900308,9009,000
CB 150F SE303,900312,0009,000

The latest report by the Ministry of Industries and Production (MoIP) suggests that Pakistan’s bike industry has achieved over 90 percent localization. This implies that most of a bike’s structural and mechanical components are made in Pakistan.

However, the localization seems to be of no benefit to the people as all companies continue to increase the prices of their bikes, gradually making them unaffordable.

Pakistan’s motorcycle industry, despite being the most profitable and successful, continues to deny people newer, better, and fairly priced products. Yet, their sales continue to skyrocket due to a lack of choice for buyers.

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