Following the announcement of an extension in plant closure for 15 days, Atlas Honda — the biggest player in the two-wheeler segment in Pakistan — on Friday also notified an increase in the rates of its motorcycle prices.
Atlas Honda jacked up prices by Rs5,000-15,000. The new prices will come into effect from April 1 onward.
Sales tax — 18%
|CD70 (Red, Black)||Rs127,033.90||Rs22,866.10||Rs149,900|
(Red, Black, Silver)
|PRIDOR (Red, Black, Blue)||Rs167,711.86||Rs30,188.14||Rs197,900|
|CG125 (Red, Black)||Rs188,898.31||Rs34,001.69||Rs222,900|
|CG125S (Red, Black)||Rs225,338.98||Rs40,561.02||Rs265,900|
|CB125F (Red, Black, Blue)||Rs310,084.75||Rs55,815.25||Rs365,900|
|CB150F (Red, Black)||Rs388,898.31||Rs70,001.69||Rs458,900|
Earlier today, Honda Atlas Cars announced a 15-day extension to the longest plant shutdown to date.
In a notice sent to the Pakistan Stock Exchange (PSX), the automaker said the decision has been taken keeping in view the current economic situation of Pakistan.
“Further to our letter dated March 08, 2023 [and] considering the current economic situation of Pakistan whereby the government resorted to stringent measures [...] the company’s supply chain has also been severely disrupted by such measures," the notice read.
The company cited the following "stringent measures" which have affected the supply chain:
Restrictions on opening of LCs for import of CKD kits, raw materials
Halting foreign payments
It mentioned that due to the aforementioned reasons, the company was not in a position to continue with production and ultimately continued to shut down its plant from April 1 to 15.
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