After the recent hike in petrol prices, there is another unfortunate news for the bike lovers and riders in Pakistan. The Japanese and Chinese bike assemblers have increased the bike prices in Pakistan by Rs1,000 to 7,000. According to the assemblers, the decision was made due to a decrease in the value of rupee against the dollar, which in turn led to increasing the price of raw materials for the bikes.
The bike prices will have affected the consumers in a large way as the most popular bike company Pak Suzuki Motor Company Limited (PSMCL) have increased bike prices and to name a few the price of GS150 and GS150SE have been pushed up to Rs143,500 and Rs163,500 respectively. However, no reasons were mentioned behind the increase in price in a circular to their authorized dealers.
Another large company of motorcycles, Atlas Honda (AHL) also increased the price of three models of bikes in January 2018. The prices were increased by Rs500 to Rs1000. The AHL had also increased the price of its one of the latest and most popular bike CG125 by Rs500. It is worth mentioning here, the company managed to keep the price steady for its CD70cc bike at Rs63,500 for three years despite the slump in the value of rupee in the market.
The increase in the bike prices is already taking effect as some Chinese assemblers have already issued notifications to their dealers regarding the recent increase in the bike prices which is around Rs1000 to Rs5000 for 125cc bikes.
According to the assemblers, the decision was made due to the devaluation of rupee and also the hike in the petrol prices.