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Honda Increases Bike Prices With CD 70 Nearing Rs. 140,000

The ongoing depreciation of the Pakistani rupee has resulted in a new round of price increases that are wreaking havoc on the populace. Atlas Honda, the most recent participant in this saga, has raised prices by up to Rs. 35,000.

 

Effective as of February 15, the price of new Honda bikes are as follows:

Model Current Prices (Rs.) Revised Prices (Rs.) Increase (Rs.)
CD 70 128,900 137,900 9,000
CD 70 Dream 137,900 147,500 9,600
Pridor 170,900 181,500 10,600
CG 125 194,900 205,900 11,000
CG 125 Special Edition 230,900 243,900 13,000
CB 125 F 303,900 330,900 25,000
CB 150 F 383,900 418,900 35,000
CB 150 F SE 387,900 422,900 35,000

 

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 the previous year.

With multiple price increases in the quarter, the company’s sales fell by 3% year on year to Rs. 36.26 billion.

Sales, on the other hand, increased by 19% quarter over quarter (QoQ). Higher volumetric sales drove the revenue increase, which increased by approximately 9% year on year to 272,638 units sold.

As a result of recent production hiccups, bike sales and profits have suffered. Furthermore, Honda has announced a number of price increases in recent months, dampening demand. Given the current state of the economy, it appears that more price increases and sales decreases are on the way.

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