KARACHI: Atlas Honda and Yamaha Motor Pakistan have climbed costs of their bicycles to alter the effect of rupee degrading.
Yamaha expanded costs up to Rs5,000, while Atlas Honda up to Rs2,000, as per the rate records issued to bicycle merchants.
After an expansion of Rs4,000 on its model Yamaha-YB125Z, the sticker price of the bicycle expanded from Rs123,500 to Rs127,500. The Yamaha-YBR125G show wound up costlier by Rs5,000 going up from Rs144,500 to Rs149,500. The Yamaha-YBR125 saw a similar increment from Rs139,500 to Rs144,500, expressed the organization warning to bicycle retailers. Then again, Atlas Honda expanded Rs2,000 on CB150F (red, silver and dark) going up from Rs189,900 to Rs191,900.
Atlas Honda expanded Rs600 on following models; CD70 (red and dark) from Rs69,900 to Rs70,500, CD70 Dream (red, silver and dark) from Rs73,900 to Rs74,500, Pridor (red and dark) from Rs95,900 to Rs96,500, CG125 (red and dark) from 115,900 to Rs116,500.
Atlas Honda plans to dispatch new 125cc bicycle
Besides, the organization kept costs of the accompanying models unaltered; CB125F (red, blue and dark) at Rs159,900, CB125F exceptional release (red and dark) Rs161,900, CB250F (red, silver and blue) Rs640,000, as indicated by Atlas Honda notice to retailers. Rupee cheapening is the primary explanation for this expansion, said Association of Pakistan Motorcycle Assemblers Chairman Mohammad Sabir Shaikh. Rupee downgraded 32% against the dollar, since December 2017.
In 2018, bicycle makers expanded costs four to multiple times; while, in 2019, the costs have been expanded for the second time up until now.
Different players were additionally prepared to expand the cost, however, because of current pressures among Pakistan and India, it held their choice.
In any case, Honda and Yamaha had settled on the choice before the pressure happened thus they were constrained to execute the choice, as indicated by sources in the market.
Pakistan has accomplished over 90% limitation in bicycle section and now it needs to push ahead, said the director.
He said the legislature should shape an arrangement for electric vehicles, especially electric bicycles.