Atlas Honda has increased the price of its motorcycles a second time within a month, by as much as R35,000.
The sudden rise is the result of the local currency’s rapid decline against the US dollar as the South Asian country’s foreign exchange reserves hit an all-time low and it is on the approach of defaulting on its debt.
The bike manufacturer raised the price of bikes for the first time by up to Rs30,000 on January 31, 2023, and the public was astonished by a second increase over two weeks later. Beginning on February 15, 2023, the new prices will apply.
As per the new price list shared by the company, the price of the most selling unit Honda CD70 has gone up by Rs9,000 and the two-wheeler will now cost Rs137,900. The price of the second most famous bike of the company, the Honda CG 125, has been increased by Rs11,000, taking the rate to a record Rs205,900.
Honda CD Dream will now cost Rs147,500, as it sees a surge of nearly Rs10,000, and Honda Pridor has been increased to Rs181,500. Price of top-of-the-line Honda CBF 125, and CBF 150 have been increased to Rs418,900, and Rs422,900 respectively.
