The rampant depreciation of the local currency has released a new surge of price increases that is wreaking havoc on the general public.
Atlas Honda has now entered the fray, increasing prices by up to Rs. 15,000 per vehicle. Honda has raised its prices four times this year.The following are the most recent rates for new Honda bikes, effective immediately:
Model | Old Prices (Rs.) | New Prices (Rs.) | Increase (Rs.) |
CD 70 | 144,900 | 149,000 | 5,000 |
CD 70 Dream | 155,500 | 160,900 | 5,400 |
Pridor | 190,500 | 197,900 | 7,400 |
CG 125 | 214,900 | 222,900 | 8,000 |
CG 125 Special Edition | 255,000 | 265,900 | 10,000 |
CB 125 F | 350,900 | 365,900 | 15,000 |
CB 150 F | 443,900 | 458,900 | 15,000 |
CB 150 F SE | 447,900 | 462,900 | 15,000 |
Recent manufacturing mishaps have harmed bike sales and earnings. To make matters worse, Honda has declared several price hikes since January 2023, resulting in lower demand.
The greenback has recently risen in value, causing a new round of price increases in the car industry.
Although the market is currently calm, it is likely that other motorcycle makers will soon follow in Honda’s path. As a consequence, bicycle sales are expected to fall even further.