The prices of Honda motorcycles has been for sure on the level of being raised for the third time in last six months by Rs 900 to Rs 2,000 in the range of the immediate effect. Atlas Honda is taken to be known as the market leader in the motorcycles segment as it has been announced in an increase in prices as for the reason of the rising cost of imported parts and accessories due to a significant depreciation of the rupee against the dollar in last seven months.
Atlas Honda Jacks Uo Prices Of Motorbikes Third Time This Year
What to know About Atlas Honda Increase at prices of Motorbikes?
The new price in the timeline of the vastly popular model CD-70 is now Rs. 64,900, for Pridor Rs. 89,900, as well as CB150F Rs.167,000 and CD Dream Rs.68,900. In the previous years, the company had increased the prices of various models in January by the range of Rs. 500-1,000 and Rs. 500-3,000 in April. It has been unveiled out by the inside sources that the Atlas Honda was taking advantage due to rising demand for two-wheelers which was apparent from the side of the record-breaking sales and production in Pakistan’s history. It is being sold at the cost of 1.058 million during July-May of FY18 just as against 888,640 units in same period of last year. In the previous year, the company did announce it would invest $15 million to increase the installed production capacity up to a range of the 1.5 million units per annum for motorcycles.
As by the per data of Pakistan Bureau of Statistics (PBS), import of semi-and completely-knocked down (SKD/CKD) kits has increased to $87 million just as during July-April 2017-18 against $73 million that is up by 19.5 percent.
If we talk about the survey, then there has been a greater range and amount of the companies who are involved in the race of increasing with their market prices. In the view of the price increase rate, this has been just made possible as because of the high value of the automobiles inside the marketplaces.
Massive High Improvement in Automobile Industry in Pakistan:
With the passage of time, there has been a vast improvement that is being witnessed to be carried out in the car industry manufacturing in Pakistan. It is to be mentioned that the Automotive industry experienced a slowdown in the year 2016, with a sharp decline in sales estimated to be around 52% on average across all automotive brands. Hence with the introduction of the Japanese brands as Toyota, Nissan and Hyundai they bring a considerable enjoyment in the most significant market share that was around 54% in the year 2016. American brands are following with the approximate market share of 11%. GMC, Chevrolet, and Ford are somehow taken as the most popular brands. Much of the population has been adopting with the motor vehicles for transportation. To that end, the demand for the timeline of the spare parts has increased significantly in the past few years. The people have been looking for the parts as to repair, modify or even to upgrade their vehicles.
