Due to the prevailing economic conditions and the decrease in sales of motorbikes, Road Prince has hiked its prices for this month.
The new rates are effective from 1st November 2019. Below is a list of all the new prices:
(Exclusive of Sales Tax)
|Sales Tax @17%||Retail Price|
(Inclusive of Sales Tax)
|70CC Regular Motorcycle||38,889.00||6,611.00||45,500.00|
|70CC Passion Plus Motorcycle||44,872.00||7,628.00||52,500.00|
|110CC Complete Motorcycle||42,735.04||7,264.96||50,000.00|
|110CC Complete Motorcycle||43,589.74||7,410.26||51,000.00|
|100CC Front Portion||39,43.59||6,756.41||46,500.00|
|100CC Front Portion (Alloy Rim)||42,307.69||7,192.31||49,500.00|
|110CC Front Portion||40,170.94||6,829.06||47,000.00|
|100CC Front Portion (Special Edition)||42,735.04||7,264.96||50,000.00|
|Wego 150CC Motorcycle||170,940.17||29,059.83||200,000.00|
|Robinson 150CC Motorcycle||183,760.68||31,239.32||215,000.00|
|250CC Motorcycle-RX 3||414,529.91||70,470.09||485,000.00|
The company has not officially stated the reasons for the increase in prices but local dealers have commented stating that it is largely because of the devaluation factor.
Road Prince is not the only bike manufacturer to increase its prices with Atlas Honda also hiking the prices of its bikes.