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Japanese bike manufacturer Yamaha Motor Pakistan announced a price hike of up to Rs13,500 on its two-wheelers citing import limitations and a rise in the cost of production.
The new tariffs will go into effect on January 4, 2023, according to a notification provided to the bike dealers.
The company jacked up the price of YB125Z model by Rs12,000 to Rs305,500. The firm also hiked the rate of YB125Z DX variant to Rs327,000 from Rs314,500.
The prices of YBR125, YBR125G and YBR125G (matt dark gray) models have been jacked up by Rs13,500 to Rs336,000, Rs349,500 and Rs352,500 respectively.
The company last increased prices of its two-wheelers in November 2022 with the hike as high as Rs8,000.
The auto sector has been struggling from a shortage of dollars in the country which has forced the government to curtail imports. Pakistan’s auto sector is highly dependent on imported auto parts and raw material.
Pak Suzuki Motor Company (PSMC) recently announced a temporary shutdown of its automobile and motorcycle plants from January 2 to 6 “owing to inventory shortage”.
Earlier, the management of Baluchistan Wheels Limited (BWHL) also decided to suspend production due to depressed demand for automobiles in the market.
Indus Motor Company (IMC), the assembler of Toyota-brand automobiles in Pakistan, also announced to completely shut down production plant from December 20 to December 30 due to delays in approval for imports.
