When was the last time an auto manufacturer increased the prices of its products twice in a month?
We don’t have a definitive answer but Honda certainly has achieved this “feat” this month. Honda’s excuse is increased steel prices and devaluation of the local currency.
Read more about the last Honda bike price increase here.
Here below are the details of the new as well as old prices of Honda Bikes in Pakistan.
Honda Bikes’ new Prices in Pakistan
|Model||Old prices (Rs.)||New prices (Rs.)||Price difference (Rs.)|
|Honda CD-70 Dream||104,500||106,500||2,000|
|Honda Pridor 100||133,900||136,900||3,000|
|Honda CG 125||155,900||159,500||3,600|
|Honda CG 125S-SE||185,500||189,500||4,000|
|Honda CB 125F||227,900||236,900||9,000|
|Honda CB 150F (Red and Blue)||282,900||291,900||9,000|
|Honda CB 150F (Silver)||286,900||295,900||9,000|
What do we think of this price hike?
Inflation is a natural phenomenon and nobody is stopping auto manufacturers from increasing the prices of their vehicles. However, before any price hike, they must first tell the people that they should anticipate price hikes in the near future. Furthermore, rather than just increasing prices every other month, auto manufacturers must give a clear justification for such a move.
For example, if steel prices and rupee devaluation are actually the reason then Honda should be able to tell its customers how this increase has affected its production cost, etc. Simply finger pointing at the devaluation of the rupee has started to sound like a broken record.
Let us know what you think of this latest price increase from Honda.
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