ISLAMABAD: Atlas Honda, the largest player in Pakistan’s two-wheeler market in terms of market share, has increased the prices of its motorcycles for the fourth time this year.
The move comes as inflation continues to surge, leading to rising costs for manufacturers and consumers alike.
According to a notification sent by the company to its dealers, the prices of the bikes have been raised by Rs5,000-15,000, with the new rates set to be applicable from May 1.
The CD70 will now be sold for Rs154,900, up by Rs5,000, while the CD70 Dream has been increased by the same amount to Rs165,900. The CG125 S has been raised by Rs10,000 to Rs275,900, and the CB125F has been revised from Rs365,900 to Rs380,900.
The CB150F has seen the biggest hike, with prices increasing by Rs15,000 to Rs473,900, while the CB150F (Silver) has also been raised by the same amount to Rs447,900.
Last month, Atlas Honda increases prices of motorcycles
Last month, Atlas Honda increased the prices of its motorcycles by Rs7,000-25,000, and in January, it raised prices by Rs7,400-30,000. According to data compiled by the Association of Pakistan Motorcycle Assemblers, the company has raised the prices of its models by up to Rs303,900 over the past five years, starting from December 2017.
The hike in prices comes as inflation in Pakistan remains at elevated levels, with rising fuel costs and a weaker currency contributing to higher prices for goods and services. This has put pressure on manufacturers to raise their prices, with consumers feeling the pinch of higher costs.
Industry experts believe that the trend of rising prices is likely to continue in the near future, as the impact of inflation and other economic factors continues to be felt across the country.
The government has taken steps to control inflation, such as increasing interest rates and cutting subsidies, but their impact has yet to be fully felt.
In the meantime, consumers are bracing themselves for higher costs of living, including for essential items such as food and fuel.
