The rampant depreciation of the local currency has prompted a new wave of price hikes that are pummeling the populace.
The most recent participant in this saga is Atlas Honda, which has increased prices by as much as Rs. 25,000.
Effective immediately, the price of new Honda bikes are as follows:
| Model | Old Prices (Rs.) | Revised Prices (Rs.) | Increase (Rs.) |
| CD 70 | 137,900 | 144,900 | 7,000 |
| CD 70 Dream | 147,500 | 155,500 | 8,000 |
| Pridor | 181,500 | 190,000 | 8,500 |
| CG 125 | 205,900 | 214,900 | 9,000 |
| CG 125 Special Edition | 243,000 | 255,000 | 12,000 |
| CB 125 F | 330,000 | 350,000 | 20,000 |
| CB 150 F | 418,900 | 443,900 | 25,000 |
| CB 150 F SE | 422,900 | 447,900 | 25,000 |
As a result of recent production hiccups, bike sales and profits are suffering. Furthermore, Honda has announced a number of price increases since January 2023, dampening demand.
The dollar rate has risen sharply in recent days, triggering a new round of price increases across the automotive industry.
While there is currently an eerie silence in the market, it is likely that other motorcycle manufacturers will soon follow in Honda’s footsteps.
With that prospect looming, bike sales are likely to fall even further.
