The Suzuki company on Wednesday sharply hiked costs for all of its motorbikes, ranging from Rs10,000 to Rs16,000, as the marathon race among corporations to boost prices continues.
As Suzuki hikes motorbike prices by up to Rs16,000, the cost of the Suzuki GD110cc has gone up by Rs 10,000. Therefore, It will now cost Rs 229,000.
The price of the Suzuki GS increased by Rs12,000, bringing the overall cost to Rs251,000.
The Suzuki GS150SE’s revised pricing, which includes an Rs15,000 rate increase, is Rs271,000.
The Suzuki GR’s price has increased by Rs16,000, bringing it to Rs365,000.
Bike prices in Pakistan get a massive increase
Yamaha Motor Pakistan (Private) Limited has been notified of a massive increase in Yamaha bike prices in Pakistan. The company has increased the prices of all models, including the price of Yamaha YB 125Z, YB 125Z DX, YBR 125, and YBR 125G in Pakistan.
The price of Yamaha YB-125Z model has increased by Rs18,000 to Rs27,000. The price of Yamaha YB-125Z DX model has increased by Rs19,000 to 292,000.
The price of YBR-125G model has increased by Rs20,500 to Rs312,500. The price of YBR-125G dark colour model has increased by Rs2,500 to Rs315,500.
At the same time, Suzuki hikes motorbike prices by up to Rs16,000
While Atlas Honda has notified of another price hike, which is the second one in less than a month.
The increase in price of Honda Motorcycle / Bike in Pakistan includes the Honda CD 70, CD 70 Dream, Pridor, CG 125, CG 125SE, CB 125F, CB 150F, and CB 150F SE models.
According to the circular, Honda Motorcycle Prices in Pakistan have been raised by up to Rs. 15,000 depending on the model.
Reportedly, Pakistan’s second-largest bike assembler United Auto Motorcycle has increased the price of 70cc-125cc bikes by Rs3,000 from June 7.
The auto sector depends heavily on imports, especially on the imported auto-grade steel and sale of motorcycles, three-wheelers edged up in May plastic resins. Due to the low localization level, the rupee depreciation also affects car and bike prices.
Experts from the sector say that the hike in international prices of raw material and surge in freight cost post-Covid-19 are primary reasons driving the increase in motorcycle and car prices. The two-wheel segment is not the only one that has seen a surge in prices because car prices have also risen up to 55% in the ongoing fiscal year.
Pakistan reportedly sold over 300,000 bikes in July as the industry reopened after several months due to the Covid-19 pandemic. This was the highest-ever number of bikes sold in a month in the country.