Atlas Honda hikes bike prices by up to Rs20,000

MG News | August 07, 2023 at 09:50 AM GMT+05:00

0:00

August 07, 2023 (MLN): Atlas Honda Limited (PSX: ATLH)has increased bike prices by up to Rs20,000, for the sixth time in 2023, the latest company notice showed.

The new prices are applicable on all invoices from August 05, 2023, onwards.

As per the notice, Honda CD70 is now priced at Rs157,900, with an increase of Rs3,000.

Similarly, the CD70 Dream price has been increased to Rs168,900.

Pridor saw an increase of Rs5,000, with the new price at Rs208,900.

CG125 price was increased by Rs5,000 to Rs234,900, and CG125S by Rs7,000 to Rs282,900.

CB125F price was increased by Rs10,000, costing Rs390,900.

Meanwhile, prices of CB150F and CB150F (Silver) were increased significantly by Rs20,000 each, with the new prices being Rs493,900 and Rs497,900, respectively.

To note, Pakistan’s motorbike and three-wheelers sales declined by 35% YoY in FY23, to stand at 1.186 million units, as compared to 1.822m in FY22.

In June alone, bike sales witnessed a decline of 15% MoM and 42% YoY.

Model		Retail Price (Exclusive of Sales Tax)	Sales Tax (@ 18%)	Retail Price (Inclusive of Sales Tax)
CD70		133,813.56	24,086.44	157,900
CD70 Dream		143,135.59	25,764.41	168,900
PRIDOR		177,033.90	31,866.10	208,900
CG125		199,067.80	35,832.20	234,900
CG125S		239,745.76	43,154.24	282,900
CB125F		331,271.19	59,628.81	390,900
CB150F	(Red, Black)	418,559.32	75,340.68	493,900
CB150F	(Silver, Blue)	421,949.15	75,950.85	497,900

Amount in PKR

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