Lahore: Atlas Honda Limited (AHL) has once again increased the prices of motorcycles, the value has increased from Rs 1,000 to Rs 1,600.
According to the details, Atlas Honda Limited (ALH) increased the price of motorcycles by Rs 1,000 to Rs 1,600 per month despite the low import cost due to the appreciation of the rupee against the dollar.
A dealer told private TV that the new prices would take effect on April 1 and that the company had not given any reason for the price increase as in the past.
For example, Honda’s CD70 will be sold at Rs 82,900 with an increase of Rs 1,000, while the CG25 will be sold at Rs 136,500 with an increase of Rs 1,600.
Honda sold 836,046 units in the first eight months of FY 21 as against 7,194 units in the same period last fiscal.
The cost of imports has declined since the last week of August 2020, when the dollar was at Rs 168.40 against the current rate of Rs 154-155, but assembler prices for motorcycles and other vehicles have continued to rise.
Muhammad Sabir Sheikh, a motorcycle dealer on Akbar Road, said that since August 2020, the price of a 70cc motorcycle has gone up by Rs 8,000-9,000 while the price of a 125-150cc motorcycle has gone up by Rs25,000 to Rs50,000.
Economists say car prices have risen 2 to 7 percent since August 2020. The Suzuki Wagon R is now priced at Rs 1.64 million which was Rs 1.65 million. Similarly, cultivars are being sold at Rs. 17 lakh 80 thousand instead of Rs. 17 lakh 45 thousand.