Behind Honda Bikes Price Hike in Pakistan- March 2023
Honda has increased bike prices in Pakistan for the second time in 2023 by up to Rs10,000 including the popular models, Honda CG 125 and Honda CD 70.
Honda has recently announced another increase in the prices of its motorbikes in Pakistan. According to the reports, the price hike ranges from Rs5,000 to Rs10,000 for various models. Among the affected models, the Honda CD 70 has seen a price increase of Rs5,000, bringing its new price to Rs149,900. Similarly, the Honda CD70 Dream now costs Rs160,900 after an increase of Rs5,400, and the Honda CG 125 is available at PKR 222,900.
Honda Bike Prices after Hike 2023
The price increase may likely affect the sales of the most popular Honda models Honda CG 125 and Honda CD 70. However, they are still the most affordable bikes in 2023 despite the price surge. Prices of the various Honda motorbikes for 2023 are below:
Reasons for the Honda Bike Price Hike in Pakistan
The reason for the recent increase in the prices of various models of Honda motorbikes is the rising inflation and instability in the market. Recent economic activities show a prompt derailing situation in the market including the devaluation of the Pakistani Rupee which triggered various automobile companies to whip up the prices to stay alive in the market. However, Honda's prices after the recent hike are still affordable in contrast to its competitors.
Impact of Honda Bike Price Hike on Pakistani Consumers
Honda’s most popular affordable bikes in Pakistan are Honda CD 70 and Honda CG 125. A surge in prices halts the sales of a product. However, a slight increase in prices may not have a major impact on production and sale. Honda motorbikes are still the most budget-friendly, reliable, and fuel-efficient bikes in 2023 despite the established prices.
Alternatives to Honda Bikes in Pakistan
Honda CD 70 and CG 125 are still in the budget category of customers. However, you can choose the best options among the most famous competitors of Honda motorbikes for your next dream ride.
Affordable Bike Prices in Pakistan 2023
In conclusion, Honda motorcycles remain a popular choice for Pakistani consumers due to their quality and reliability. Whether you're in the market for a Honda CG 125 or a Honda CD 70, it's important to keep an eye on the current prices and budget accordingly. By staying informed and doing your research, you can make an informed decision and find the right Honda motorcycle for your needs and budget in Pakistan.
