Business

Honda Increases Bike Prices By up to Rs. 30,000

The Pakistani Rupee’s persistent depreciation has triggered a new round of price increases that are wreaking havoc on the populace. Atlas Honda (KLMC), the most recent participant in this saga, has raised prices by up to Rs. 30,000.

 

Effective February 1, the price of new Honda bikes will be as follows:

Model Current Prices (Rs.) Revised Prices (Rs.) Increase (Rs.)
CD 70 121,500 128,900 7,400
CD 70 Dream 129,900 137,900 8,000
Pridor 161,900 170,900 9,000
CG 125 185,900 194,900 5,600
CG 125 Special Edition 219,500 230,900 11,400
CB 125 F 283,900 303,900 22,000
CB 150 F 353,900 383,900 30,000
CB 150 F SE 357,900 387,900 30,000

 

Atlas Honda Limited reported a Rs. 1.408 billion profit for the quarter ended December 31, 2022, a 3.7 percent decrease from Rs. 1.46 billion in the same period last year.

With multiple price increases in the quarter, the company’s sales fell by 3% during the quarter compared to Rs. 36.26 billion in the same period last year.

However, sales increased by 19% year on year (QoQ). The increase in revenue is being driven by higher volumetric sales, which increased by approximately 9% year on year, with 272,638 units sold.

Bike sales and profits have suffered as a result of recent production hiccups. Furthermore, Honda has announced multiple price increases in recent months, which has dampened demand. Given the current economic situation, it appears that more price increases and sales reductions are on the way.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button