Atlas Honda has raised the price of motorcycles for the seventh time in 2021, citing increased demand for two-wheelers.
The motor manufacturer announced a price increase of up to Rs 6,500 in a statement. The revised prices will go into effect on November 1, 2021.
Atlas Honda boosted the price of the Honda CD70, the country's best-selling motorcycle, from Rs90,900 to Rs94,900, a Rs4,000 rise, while the updated price of the CD70 Dream jumped by Rs5,000 to Rs101,500.
Pridor, CG125, and CG125SE have all had their prices raised by Rs5,000. Rs130,500, Rs152,500, and Rs182,000, respectively, are the new pricing.
Meanwhile, the costs of Honda's top-of-the-line bikes, the CB125F and CB150F, have risen to Rs6,500. Both models would now cost Rs218.500 and Rs273,500, respectively.
In October, the business raised rates for the sixth time, with the CD70 price rising to Rs90,000 after a Rs4,000 hike.
According to a motorbike dealer who spoke to a news outlet, the current jump was caused by an increase in raw materials prices. He added that the cost of production has increased since the dollar rate has risen to Rs175.
According to a research, the cost of a two-wheeler has increased by 60% in the last two years.