The local currency’s rampant depreciation has unleashed a fresh wave of price hikes that is hitting the general public hard.
Atlas Honda has now joined this saga by raising prices by up to Rs. 15,000. This is Honda’s fourth price hike this year.
With immediate effect, the latest prices for new Honda motorcycles are as follows:
|Model||Old Prices (Rs.)||New Prices (Rs.)||Increase (Rs.)|
|CD 70 Dream||155,500||160,900||5,400|
|CG 125 Special Edition||255,000||265,900||10,000|
|CB 125 F||350,900||365,900||15,000|
|CB 150 F||443,900||458,900||15,000|
|CB 150 F SE||447,900||462,900||15,000|
Recent production hiccups have dealt a blow to bike sales and profits. Adding to the challenge, Honda has announced several price increases since January 2023, resulting in weakened demand.
In recent days, the dollar rate has surged, leading to a new wave of price hikes throughout the automotive sector.
Although the market remains eerily quiet at present, it is probable that other bike manufacturers will soon follow in Honda’s footsteps. As a result, bike sales are poised to decline even further.