Price of Honda CD 70 crossed Rs. 1 Lac

 Atlas Honda has declared yet another major price hike for its bikes. This is Honda’s third price hike in 2022, which places it in the lead in terms of price hikes announced by a bike manufacturer so far.

The new prices of all Honda bikes are as follows:

Motorbike	Current Price (Rs.)	Suggested Price (Rs.)	Increase (Rs.)
CD 70	99,900	102,900	3,000
CD 70 Dream	106,500	109,500	3,000
Honda Pridor	136,900	139,900	3,000
CG 125	159,500	163,500	4,000
CG 125 SE	189,500	193,500	4,000
CB 125F	236,900	244,900	8,000
CB 150F	291,900	299,900	8,000
CB 150F SE	295,900	303,900	8,000

According to the latest report by the Ministry of Industries and Production (MoIP), Pakistan’s bike industry has achieved over 90 percent localization. This indicates that most of a bike’s structural and mechanical components are made in Pakistan, while only a few are imported.

These claims seem accurate as Pakistani bike makers manufacture and sell basic products. However, despite that, all companies continue to increase the prices of their bikes, gradually driving them out of reach for most buyers.

Pakistan’s motorcycle industry, despite being highly profitable and successful, continues to deny people newer and better products. Despite that, their sales continue to skyrocket due to the increasing demand.

EDB Advises All Automakers Against Regular Price Hikes

 Passenger cars are getting more out of reach due to everyday price upsurges by the car assemblers. Since January 2022, automakers such as Toyota Indus Motor Company (IMC), Honda Atlas Cars (HCAR), Lucky Motor Corporation (LMC), and a few others have announced multiple price climbs for their respective locally assembled cars.

Engineering Development Board (EDB) has issued a harsh warning to all local car assemblers in Pakistan against the recent price hikes. According to an official document the board has asked all local assemblers to provide their cost structures and explanation for the recent hikes upto 7^th May, 2022.

Automakers are inflexible that they have no choice but to upsurge the prices of their cars due to rising raw material costs, shipment costs, and devaluation of local currency.

The government is extremely worried and has taken a very serious view about the frequent price increases by local automobile manufacturers/assemblers. This state of affairs is clearly unacceptable and the government may consider to initiate regulatory measures, which may include fixation of prices under the Price Control Prevention of Profiteering and Hoarding Act, 1977.

Honda Atlas Car New Price in Pakistan 2022

 

Honda Atlas Cars Pakistan Limited

Honda Atlas has raised the prices of its cars for the multiples times  in 2022.

How ever Toyota Indus Motors, HACL has cited rising raw material costs and depreciating local currency as causes of the hike