Business

Yamaha jacks up bike prices after GST hike

Latest Yamaha bike prices came into effect February 21

By Business Desk

February 22, 2023

An undated image of Yamaha motorbike. — Twitter/@YamahaMotorPk

Yamaha Motor — one of the companies in the two-wheeler segment in Pakistan — notified for the second time this year a hike in the prices of its motorcycles following the rise in general sales tax.

The automobile company jacked up the rates between the ranges of Rs3,000 and Rs3,500. The new prices came into effect on February 21.

Here are the new retail selling price (ex-factory):

Model	Retail price (exclusive of tax)	Sales tax — 18%	Retail price (inclusive of tax)	Previous price (inclusive of 17% GST)
YB125Z (Red, Black)	Rs261,440.68	Rs47,059.32	Rs308,500	Rs305,500
YB125Z DX (Red/Black/Blue)	Rs280,084.75	Rs50,415.25	Rs330,500	Rs327,000
YBR125 (Red, Black, Blue)	Rs287,711.86	Rs51,788.14	Rs339,500	Rs336,000
YBR125G (Red, Black)	Rs299,152.54	Rs53,847.46	Rs353,000	Rs349,000
YBR125G (Matt Dark Gray)	Rs301,694.92	Rs54,305.08	Rs356,000	Rs352,500

According to the Finance (Supplementary) Bill 2023, which has been stamped by the National Assembly — it was announced that the general sales tax (GST) rate had been increased to 18%.

Following an increase in GST, several industries and sectors raised the prices of goods and services.

Amid the ongoing economic crisis, Pakistan’s automobile sector has been hit hard owing to problems with the opening of letters of credit, arising due to the rapidly depleting foreign exchange reserves and a weakening rupee.