Atlas Honda dropped multiple bombs over the past months by rapidly increasing bike prices. Honda CD 70 and Honda CG 125 users are facing much trouble managing their expenses based on high fuel costs and bike prices. Many factors come into play when determining local bike prices. According to recent reports, the Honda CD 70 and CG 125 prices will likely increase in May 2023. The bike prices are PKR 149,900 (CD 70) and PKR 222,900 (CG 125).
Why are Bike Prices Increasing Rapidly?
The prices of Honda bikes in Pakistan have increased due to several factors. One of the main factors is the devaluation of the Pakistani rupee against the US dollar. As most of the components used in Honda bikes are imported, a weaker Pakistani rupee means that Honda has to pay more for these components, passed on to consumers through higher prices.
In addition to currency fluctuations, other factors have contributed to the rise in Honda bike prices in Pakistan. One of these is increased taxes and duties on imported components and finished goods. The Pakistani government has recently increased tariffs and taxes on imported goods to promote local manufacturing and reduce the country’s trade deficit. This has resulted in higher costs for companies like Honda, which rely heavily on imported components.
The Rising Inflation
Another factor contributing to the increase in Honda bike prices in Pakistan is inflation. As Pakistan’s overall cost of living continues to rise, the cost of producing and distributing Honda bikes has also increased. This includes expenses related to labour, transportation, and other operational costs.
Despite these challenges, Honda has continued to invest in its operations in Pakistan. In recent years, the company has opened new manufacturing plants and launched new models of bikes in the country. While these investments have helped create jobs and stimulate economic growth, they have also contributed to higher consumer prices.
Overall, the increase in Honda bike prices in Pakistan can be attributed to a combination of factors, including currency fluctuations, increased taxes and duties, inflation, and ongoing investments in manufacturing and operations. While these factors have made Honda bikes more expensive for Pakistani consumers, the company remains a popular and respected brand.
When Will the New Prices Come Out?
We are anxiously waiting for the new Honda bike prices to roll out. We will keep you posted about the latest updates in this regard.
