Tag: Atlas Honda

  • Honda unveils its first electric bike in Pakistan 

    Honda unveils its first electric bike in Pakistan 

    Atlas Honda has revealed its first electric motorcycle, the Honda ‘BENLY e’, during a ceremony at the Sheikhupura plant to mark the company’s 60th year of operation in Pakistan. 

    Although the company did not specify the rollout date, Noriaki Abe, Chief Officer of Motorcycle and Power Products at Atlas Honda, announced that the Honda BENLY e will undergo test marketing. 

    The launch event emphasised the company’s commitment to delivering quality products based on market feedback. 

    Abe highlighted the integral role Honda products play in the daily lives of many Pakistanis, noting the significant contributions of the joint venture between Atlas Group and Honda Motor Company since 1963. 

    Meanwhile, Shinji Aoyama, Executive Vice President and COO of Honda Motor Company, expressed Honda’s readiness for the evolving mobility industry. 

    Saquib H. Shirazi, President and CEO of Atlas Honda, shared insights into the company’s achievements, including a 95 per cent localisation of its product line and the development of an extensive network of local auto parts manufacturers and dealers, generating employment for over 150,000 individuals. 

    Despite challenges in the motorcycle industry, such as a 5 per cent month-on-month and 11 per cent year-on-year decline in sales in October, Atlas Honda Limited reported a remarkable 152 per cent increase in net profit for the first quarter of the fiscal year 2023–24. 

    The growth was attributed to robust sales and additional income. Overall, motorcycle sales for the first four months of the fiscal year experienced a 10 per cent year-on-year decline to 371,000 units, influenced by higher bike prices and reduced consumer purchasing power. 

  • Atlas Honda increases motorcycle prices: CD-70 price hiked to Rs158,000

    Atlas Honda increases motorcycle prices: CD-70 price hiked to Rs158,000

    Atlas Honda, the leading motorcycle brand in Pakistan, has recently announced price adjustments for its bikes. The new prices are set to take effect today, August 5th.

    Here are the latest prices of Atlas Honda motorcycles in Pakistan:

    Motorcycle Model Previous Price (Rs) New Price (Rs) Previous Price (Rs)
    CD-70 154,900 157,900 3,000
    Dream 70 165,900 168,900 3,000
    Pridor 203,900 208,900 5,000
    CG-125 231,900 234,900 3,000
    CB-125F 387,900 390,900 3,000
    CB-150F 490,900 493,900 3,000

    The CD-70 model will see an increase of Rs3,000, bringing its new price to Rs157,900. Similarly, the Dream 70 model’s price has been raised by Rs3,000, now priced at Rs168,900.

    For the Pridor model, there has been a significant increase of Rs5,000, setting its new price at Rs208,900. As for the CG-125 model, it will now be priced at Rs234,900. Additionally, the CB-125F model’s price has been adjusted to Rs390,900, and the CB-150F model will now cost Rs493,900.

    These changes in prices reflect the current market conditions and various factors impacting the automobile industry. Customers should be aware of these adjustments while making their purchasing decisions after the specified date.

  • Pak Suzuki follows Atlas Honda’s lead, raises motorcycle prices amid economic crisis

    Pak Suzuki follows Atlas Honda’s lead, raises motorcycle prices amid economic crisis

    In the midst of Pakistan’s economic crisis, the country’s automobile industry is struggling to stay afloat. One of the major players in the two-wheeler market, Pak Suzuki Motors, has recently increased the prices of its motorcycles due to the continuous devaluation of the rupee.

    This comes as no surprise since Pakistan’s auto industry heavily depends on imports and has been facing obstacles due to restrictions on the opening of letters of credit (LCs) after the rupee’s depreciation.

    According to a notification sent by the company to its dealers, the new rates will apply from May 9 and remain unchanged until further notice. The retail prices include the ex-factory product price and freight charges incurred on motorcycles that are delivered to dealerships.

    The notification mentioned that the rate of GD110s has increased to Rs335,000, GS150 to Rs364,000, GSX125 to Rs488,000, GR150 to Rs521,000, and GW250JP to Rs1.04 million.

    It’s worth noting that this isn’t the first time the automobile industry has seen such a price hike. Atlas Honda, Pakistan’s biggest player in the two-wheeler segment in terms of market share, recently increased its motorcycle prices for the fourth time this year, making them more expensive by Rs5,000-15,000.

    As the industry continues to face hindrances, it remains to be seen how it will adapt to the current economic conditions.

    Here are the new prices for all Suzuki motorcycles:

    Motorcycle Price (in PKR)
    GD110s Rs335,000
    GS150 Rs364,000
    GSX125 Rs488,000
    GR150 Rs521,000
    GW250JP Rs1,040,000
  • Atlas Honda increases bike prices, Honda CG125 now priced at Rs222,900

    Atlas Honda increases bike prices, Honda CG125 now priced at Rs222,900

    Atlas Honda, the leading manufacturer in Pakistan’s two-wheeler industry, has recently announced a revision in the prices of its motorcycles. Effective immediately, the prices have increased up to Rs15,000, depending on the variant.

    As a result, the popular Honda CD70 motorcycle now carries a price tag of Rs149,900, while the base variant of the Honda CG125 is priced at Rs222,900.

    Here are the new prices of all Honda bikes:

    Bike Retail price  (Excluding sales tax) Sales tax — 18 per cent Retail price  (Including sales tax)
    CD70 Rs127,033.90 Rs22,866.10 Rs149,900
    CD70 DREAM Rs136,355.93 Rs24,544.07 Rs160,900
    PRIDOR Rs167,711.86 Rs30,188.14 Rs197,900
    CG125 Rs188,898.31 Rs34,001.69 Rs222,900
    CG125S Rs225,338.98 Rs40,561.02 Rs265,900
    CB125F Rs310,084.75 Rs55,815.25 Rs365,900
    CB150F Rs388,898.31 Rs70,001.69 Rs458,900
    CB150F Rs392,288.14 Rs70,611.86 Rs462,900

    Unfortunately, due to the recurrent price hikes from various bike manufacturers, two-wheelers are gradually becoming a luxury item, with no bike being sold below Rs100,000, even those from Chinese brands.

    Furthermore, the company has also extended the closure of its production plant for 15 days. In a similar move, Yamaha Motor Pakistan has also announced an increase in the prices of its five models, citing the rising cost of production as the primary reason.

  • Rev up your budget: Atlas Honda hikes motorcycle prices by up to Rs35,000 amid economic crisis

    Rev up your budget: Atlas Honda hikes motorcycle prices by up to Rs35,000 amid economic crisis

    The two-wheeler segment’s largest player in Pakistan, Atlas Honda, has raised motorcycle prices following a significant hike in car prices.

    This marks the company’s second rate hike in February, as they already increased the prices of their motorcycles by an amount ranging between Rs7,400 and Rs30,000 earlier this month.

    The new prices became effective on February 15.

    Model Old Prices (Rs) New Prices (Rs) Hike (Rs)
    CD 70 128,900 137,900 9,000
    CD 70 Dream 137,900 147,500 9,600
    Pridor 170,900 181,500 10,600
    CG 125 194,900 205,900 11,000
    CG 125 Special Edition 230,900 243,900 13,000
    CB 125 F 303,900 330,900 25,000
    CB 150 F 383,900 418,900 35,000
    CB 150 F SE 387,900 422,900 35,000
    Latest Honda Bike Price Feb 2023

    During the Finance (Supplementary) Bill 2023, Finance Minister Ishaq Dar announced a rise in the general sales tax (GST) rate to 18%, which is expected to lead to price hikes for various industries and sectors.

    Amidst Pakistan’s ongoing economic crisis, the automobile sector has been significantly impacted due to the depletion of foreign exchange reserves and a weakening rupee, leading to issues with opening letters of credit.

  • Honda introduces the CG125 2023 ‘new model’ and it has nothing new

    Honda introduces the CG125 2023 ‘new model’ and it has nothing new

    Due to its durability and powerful engine, the Honda CG125 has been one of Pakistan’s best-selling motorcycles for decades. Despite the fact that the manufacturer has not modified its shape or added any major or small modifications to it in nearly two decades, customers continue to buy it.

    Atlas Honda recently announced a “new model” of the Honda CG125, despite the fact that it has nothing new to offer local buyers. The bike has the same body, motor, tyres, handles, and everything else; the only thing that has been changed is the stickers that are pasted on the fuel tank and side covers.

    Some of the alterations to the engine include a slightly altered head and cylinder, a slightly revised combustion chamber design, a new gear-oil pump drive, a new gear timing drive, and reinforced engine mounting points. These improvements may allow the Honda CG125 to perform slightly better than the previous iteration, but the change in performance may be so minor that a layperson would be unable to tell the difference.

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    The bike manufacturer has not raised the price of its bikes in a long time, so the CG125 standard and CG125 SE are priced at Rs179,900 and Rs210,900, respectively.

  • Honda 125S will now be sold for nearly Rs200,000

    Honda 125S will now be sold for nearly Rs200,000

    Several factors, including burgeoning raw material costs, continuous depreciation of the local currency, and greater freight rates, have forced the Pakistani two-wheeler industry to announce regular price hikes in 2022, putting motorcycles in a price range that is difficult to afford for a remarkable portion of the populace.

    Atlas Honda recently announced a price increase for their motorcycles in the range of Rs3,600-9,000, with the new rates taking effect from June 1, 2022.

    United, Metro, and Road Prince, among other Chinese motorbike manufacturers, have also hiked their two-wheeler prices.

    New prices

    The price of the Honda CD 70 has increased by Rs3,600, to Rs106,500. Similarly, following a Rs4,000 increase, the CD70 Dream model is now available for Rs113,500.

    Following a Rs5,000 price hike, the Pridor variant will now be available for Rs144,900.

    The CG125 and CG125S have had their prices increased by Rs5,000 to Rs168,500 and Rs198,500, respectively.

    The price of the Honda CB125F has been hiked by Rs9,000 from Rs244,900 to Rs253,900.

    The price of the CB150F has been increased to Rs308,900, while the CB150F (red, black) will be available at Rs312,900 starting June 1.

    Since March 2022, Atlas Honda has increased the price of its motorcycles every month.

    The two-wheel market isn’t the only one seeing price increases; car costs have grown by up to 55 percent in the current fiscal year.

    As per industry experts, the increase in motorbike and automobile prices is primarily due to an increase in foreign raw material prices and an increase in freight costs following Covid-19.

    The automobile industry, particularly due to auto-grade steel and plastic resins, is significantly reliant on imports.

    Furthermore, the sector has a low level of localisation, with the majority of parts being imported. As a result, the rupee’s depreciation has an impact on automobile and motorcycle prices.