Home Business Bike assemblers shock consumers with shock worth hikes

Bike assemblers shock consumers with shock worth hikes

by News Updater

KARACHI: Japanese and Chinese language bike assemblers have shocked their consumers with shock worth hikes on the eve of Eidul Azha.

With out giving any purpose in their worth revision letters to their authorised sellers, the Japanese assemblers have raised costs by Rs2,400-8,000 for various fashions.

Whereas Chinese language bike-makers have jacked up charges by Rs500-Rs2,000 attributing it to rising uncooked materials (metal, plastic and resin) costs on the world markets coupled with rising charges of domestically made components.

The market chief Atlas Honda Ltd (AHL) has shocked consumers by elevating costs by Rs2,400-5,000 on numerous fashions efficient from Wednesday, the day nation shall be celebrating Eidul Azha.

Honda CD-70cc worth has been raised by Rs2,400 to Rs84,500 whereas CD-70 Dream, Pridor, CG-125 and CG125S will carry new worth tags of Rs90,500, Rs117,500, Rs139,500 and Rs167,500, up by Rs3,000 respectively.

Two-wheelers to price Rs500-Rs8,000 extra

With addition of Rs5,000 every, the fashions of CB-125F will price now Rs200,500 and the CB-150F and two different variants to Rs255,500 and Rs259,500, respectively.

Yamaha Motor Pakistan Ltd has raised costs by Rs7,000-8,000 efficient from July 26. The brand new fee of Yamaha YB125Z, YB125Z DX and YBR 125 shall be tagged at Rs176,000, Rs190,000 and Rs196,000.

The assembler of Distinctive bike had already elevated worth by Rs2,000 from July 10, whereas plenty of Chinese language bike assemblers have been elevating the value prior and after the announcement of finances for the present fiscal 12 months.

For instance, Crown Motor Firm, United Auto Industries and Highway Prince Motorbike and Rickshaws had raised costs by Rs1,000 from July 10 in 70cc-125cc bikes.

United Auto Industries had raised the scooty 100cc worth on June 25 by Rs10,000. The corporate had elevated the value by Rs500-1,000 in 70cc-125cc bikes from April 10.

Haji Motors had raised the value of Specific bikes by Rs800 from July 5 in two fashions. D.S. Motors, maker of Distinctive bikes, pushed up the value of 70cc to 100cc bikes by Rs2,000 from July 1.

Bike assemblers have taken the lead from the automobile assemblers in jacking up costs extra often within the final one and a half years.

Customers had not witnessed any drop in worth of each automobiles and two-wheelers when one greenback was obtainable at Rs168.40 in August 2020 as in comparison with Rs152-153 in Might 2021, thus bringing down the price of imported components and equipment.

Now the rupee has misplaced its power and now one greenback is now traded at Rs161.48 within the interbank market, thus making a case of additional worth bounce in two-wheelers, a senior dealer of bikes at Akbar Highway, Mohammad Sabir Sheikh mentioned, including that rising uncooked materials costs like metal and plastic supplies on the world markets would proceed to place further strain on the manufacturing price.

He mentioned regardless of worth hike, the demand of bikes would stay brisk preserving in view deteriorating public transport system and rising petrol costs.

Mr Sabir mentioned that the rising demand for bikes will be gauged from the spectacular gross sales figures as Honda bought 48computer extra bikes to 1.292 million items in FY21 from 873,902 items in FY20 whereas Suzuki gross sales recorded 44computer rise to 24,851 items from 17,301 items in FY20.

Yamaha gross sales had recovered by 3pc to 19,924 items from 19,371 items in FY20.

United Auto Motorbike gross sales went up by 25computer to 368,643 items from 295,495 items adopted by 30computer rise in Highway Prince bike gross sales to 141,230 items from 108,990.

In view of brisk gross sales, the import invoice of completely- and semi-knocked down (CKD/SKD) kits in FY21 swelled by 19computer to $75 million from $63m in FY20.

Revealed in Daybreak, July 21st, 2021

Source link

You may also like

Leave a Comment