The trending of increasing prices high in the local auto industry. Almost all the cars and bike manufacturers increase their prices much time from the last couple of months. The reason is only the devaluation of rupee value against the dollar and the economic crisis. In the presence of high duty and taxes, automakers can’t sell the vehicles with old prices. Recently Yamaha Pakistan and Benelli increase the price of its bikes.
Benelli is a bike manufacturer of Pakistan and now Benelli increase the price of its TNT 150 and 302 R. Benelli has increased the price of TNT 150 from PKR 315,000 to PKR 370,000. As per the details, the rate of 302 R increase from PKR 750,000 to PKR 820,000. the TNT 150 price increase by PKR 55,000 and 302 R price increase by PKR 70,000.
On the other hand, Yamaha Pakistan has also increased the rates of its bikes. Here is the mention of the new price by the Yamaha motors:
The overall sale of the auto industry drop from the last couple of months. As compared to the last year this year auto industry sales down by 9.91%. The reason for the decline in the sale is just the high prices of vehicles.
The automakers continuously increase the prices and not stop at one point. Only the Honda bikes sales increase in this fiscal year. Rather then all other companies face a loss in the sale of the bikes as compared to the previous year the same period. Here are the sales of Bikes for each company:
| Motorcycle Sales | ||||
| S/R | Model | August 2018 | August 2019 | Difference (%) |
| 1. | Honda | 80,012 | 80,014 | +0.11 |
| 2. | Suzuki | 1,837 | 1,548 | -15.5 |
| 3. | Yamaha | 2,123 | 1,988 | -6.35 |
| 4. | Road Prince | 14,660 | 11,235 | -23.4 |
| 5. | United | 33,350 | 30,091 | -9.77 |
What should the automakers do for the low sale of Bikes?
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