KARACHI: Atlas Honda Ltd (AHL) has actually increased bike rates by Rs1,000-1,600 in spite of low cost of import therefore improving rupee stamina against the dollar in the last 7 months.
A dealership said the brand-new costs would certainly work from April 1 as well as like previous practice, the business did not give any type of reason for rate walking.
For instance, Honda CD-70 would be readily available at Rs82,900, up by Rs1,000, while CG-125 would certainly be sold at Rs136,500, up by Rs1,600. AHL had offered 836,046 systems in 8MFY21 versus 700,194 units in the same period last.
The expense of import has declined from the last week of August 2020 when one dollar amounted to Rs168.40 as compared to current rate of Rs154-155, but the bike and various other vehicle assemblers have remained to jack up rates.
Mohammad Sabir Sheikh, a bike dealership at Akbar Roadway, stated the rate of 70cc had actually risen by Rs8,000-9,000 followed by Rs25,000-50,000 in 125-150cc from August 2020 till to-date.
The nation’s import expense for entirely and semi-knocked down (CKD/SKD) kits dropped by 3.51 computer to $44.5 m throughout 8MFY21 from $46m in the exact same period last year.
Shankar Talreja, analyst at Topline Stocks, stated vehicle prices increased by two to 7pc from August 2020 till to-date. For instance, Suzuki WagonR currently sets you back Rs1.640 m versus Rs1.605 m while Cultus is now available at Rs1.780 m as compared to Rs1.745 m.