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Here’s How Much Motorcycle Prices Have Risen Since January 2021

Pakistani automotive industry has undergone a lot of changes in the last few years, including the introduction of several new policies to encourage local production. These policies allowed for a huge influx of new carmakers and vehicles, resulting in increased competition and more choices for buyers.

While the automotive industry seems to be moving in the right direction, the motorcycle industry appears to be stuck in a dark age devoid of new products and improvements but still gets a plethora of price hikes every couple of months.

So far during the 2021 calendar year, Yamaha has increased the prices of its bikes four times (once each quarter). Pak Suzuki Motor Company increased its motorcycles’ prices thrice, and Atlas Honda takes the top spot for diabolically increasing the prices six times this year.

Here is how much the prices of all the popular motorcycles have increased in the 2021 calendar year to date:

Motorcycles Price in January 2021 (PKR) Price in October 2021 (PKR) Increase since January 2021 (PKR)
Atlas Honda
CD 70 79,500 90,900 11,400
CD Dream 85,500 97,500 12,000
Pridor 110,500 125,500 15,000
CG 125 131,500 147,500 16,000
CG 125 SE 159,500 177,000 17,500
CB 125 F 192,500 212,000 19,500
CB 150 F 247,500 267,000 19,500
CB 150 F SE n/a 271,000 n/a
Yamaha
YB 125 Z 163,000 184,000 21,000
YB 125 Z DX 175,500 198,500 23,000
YBR 125 181,000 204,000 23,000
YBR 125 G 190,000 213,500 23,500
PSMC
GD 110 S 181,000 194,000 13,000
GS 150 193,000 210,000 17,000
GS 150 SE 210,000 227,000 17,000
GR 150 287,000 307,000 20,000

Motorcycle manufacturers have not missed a single opportunity during the last two years to increase the prices of their products. Each increase in the value of the US Dollar propelled most of them to bump up the prices of their motorcycles.

Two months ago, a senior motorcycle trader told the media that the prices of bikes are increasing due to upsurges in the costs of manufacturing. He stated that the prices of raw materials alone have risen exponentially.

He added that that the demand for motorcycles will continue to rise despite escalating prices because cars and fuel are becoming more expensive and local transport is deemed a less favorable option for daily commuters.

It may be argued that the price of USD trailed around Rs. 150 in May but the motorcycle manufacturers either remained silent or kept on elevating the prices.

The recent price hikes have put two-wheelers out of the reach of a majority of the public. Given these factors, there is an urgent need for the government to issue a dedicated policy for the motorcycle industry to allow more competition in the market for competitive pricing and also to regulate the price of the motorcycles to curb unnecessary price hikes.



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