Honda pushes up bike prices

KARACHI: Atlas Honda Ltd (AHL) on Tuesday increased the price of three models of its motorcycles by Rs500-1,000

With an addition of Rs1,000, effective from Jan 1, the Honda CG-125 and CG-125 Delux are now available at Rs107,500 and Rs126,500. The price of 100cc Pridor has been raied by Rs500 to Rs87,000.

According to a dealer, prices of other models were left unchanged and no reason was mentioned by the company for the said move.

He believed the the recent rupee depreciation against the dollar was the reason behind the price hike.The company sold 454,195 bikes in July-November 2017 compared to 374,558 units the same period last year, showed data released by Pakistan Automotive Manufacturers Association. In 2016-17, the company achieved sales of 960,105 units as compared to 811,034 units in 2015-16.