All automakers including Honda, Yamaha, and Suzuki jacked up prices in the year 2023 in the wake huge depreciation of the local currency. Atlas Honda increased bike prices by at least six times, making it more difficult to buy their cheapest ride.
Amid the stern action against hoarding and, administrative measures introduced by the State Bank, rupee experienced a sharp recovery in the interbank market, rising by around Rs30 to trade around 275. This recovery was attributed to a new economic plan, and it started affecting prices of all items, especially petrol and auto products.
It was reported that Honda Motorcycle has lowered prices of its two top models, the Honda CD 70 and Honda 125. The report came out dud as price of Honda CG125, Honda CD 70 and other models were never reduced.
Pakistan Observer approached a local dealer of Atlas Honda in Lahore, but the official denied confirming any drop in price.
