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Atlas Honda on Tuesday raised prices of its motorcycles by up to Rs30,000, driven by significant depreciation of Pakistan rupee, increased cost of production and import restrictions.
The new prices will come into effect from February 1, 2023.
Following the hike, the price of Pakistan’s most prominent two-wheeler, CD70, rose by Rs7,400 to Rs128,900.
However, bikes, according to dealers, are being sold above the company specified prices. For instance, the CD70 is being sold for as much as Rs132,000.
Also read; Indus Motor to shut down plant till Feb 14
The rate of Honda CD70 Dream has been jacked up by Rs8,000, taking the revised price to Rs137,900. Atlas Honda’s Pridor variant is now available for Rs170,900 following an upward price revision of Rs9,000. The rate of CG125 surged by Rs9,000 to Rs194,900.
After an increase of Rs11,400, the new price of CG125S is Rs230,900. The rate of CB125F has risen from Rs219,500 to Rs305,900. The price of CB150F and CB150F (Silver) have been hiked by Rs30,000 and they are available for Rs383,900 and Rs387,900 respectively.
Earlier, Pak Suzuki also hiked the rates of its two-wheelers with the increase going as high as Rs25,000. The new rates will be effective from February 1.
