By Arsalan Khattak and Haamiz Ahmed
Bike prices witnessed a significant surge in 2023, with companies blaming the devaluation of the Pakistani rupee against the US dollar. However, even when the exchange rate was consistent in the latter half of the year, companies like Yamaha didn’t spare their customers and increased prices without citing any reason.
Just to put things in perspective, and to give you a taste of things to come, the most expensive mainstream motorcycle right now is the Suzuki GR 150, which costs Rs. 547,000.
This bike also saw the biggest price increase in 2023, with its cost rising by Rs. 162,000 between January and December last year.
Without further ado, here’s how much bike prices have increased in 2023.Â
Honda Bike Prices in 2023
The prices of CD 70 and CD 70 Dream went up by PKR 36,400 and PKR 39,000 in the last 12 months. Meanwhile, the people’s favorite CG 125 costs Rs. 234,900, up from Rs. 185,900 in January 2023. Its price has increased by Rs. 49,000 over the past year.
Here’s a detailed breakdown of Honda bike price increases in 2023:
| Model | January 2023 Price (PKR) | December 2023 Price (PKR) | Price Difference (PKR) |
|---|---|---|---|
| CD 70 | 121,500 | 157,900 | +36,400 |
| CD 70 Dream | 129,900 | 168,900 | +39,000 |
| Pridor | 161,900 | 208,900 | +47,000 |
| CG 125 | 185,900 | 234,900 | +49,000 |
| CG 125 Special Edition | 219,500 | 282,900 | +63,400 |
| CB 125 F | 283,900 | 390,900 | +107,000 |
| CB 150 F | 353,900 | 493,900 | +140,000 |
| CB 150 F SE | 357,900 | 497,900 | +140,000 |
Suzuki Bikes Prices in 2023
Not to be left behind by the competition, Suzuki also massively increased motorcycle prices in 2023. GD 110S and GS 150’s prices have increased by a huge Rs. 108,000 and Rs. 116,000. They now cost Rs. 352,000 and Rs. 382,000 respectively.
Here’s a detailed breakdown of Suzuki bike price increases in 2023:
| Model | January 2023 Price (PKR) | December 2023 Price (PKR) | Price Difference (PKR) |
|---|---|---|---|
| GD 110S | 244,000 | 352,000 | +108,000 |
| GS 150 | 266,000 | 382,000 | +116,000 |
| GSX 125 | 359,000 | 499,000 | +140,000 |
| GR 150 | 385,000 | 547,000 | +162,000 |
Yamaha Bikes Prices in 2023
Yamaha announced its first price increase of 2023 for all motorcycles in February, with a price hike of up to Rs. 3,500. The company concluded the year with another price hike in December.
YB 125Z, currently the most affordable bike in Yamaha’s range, now costs an eye-watering Rs. 396,000. It cost Rs. 305,500 back in January 2023. YBR 125 and 125G now cost Rs. 435,500 and Rs. 471,000 (Rs. 474,400 for the Matte Gray color) respectively. Their prices increased by Rs. 99,500 and Rs. 121,500 respectively over the past year.
Here’s a detailed breakdown of Yamaha bike price increases in 2023:
| Model | January 2023 Price (PKR) | December 2023 Price (PKR) | Price Difference (PKR) |
|---|---|---|---|
| YB 125Z | 305,500 | 396,000 | +90,500 |
| YB 125Z DX | 327,000 | 440,500 | +113,500 |
| YBR 125 | 336,000 | 435,500 | +99,500 |
| YBR 125G | 349,500 | 471,000 | +121,500 |
| YBR 125G (Matte Gray) | 352,500 | 474,000 | +121,500 |
