Bike maker slashes prices
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KARACHI: Atlas Honda Limited (AHL) has reduced the price of 70cc bikes.
The CD-70cc and CD-70cc Dream are now priced at Rs63,500 and Rs67,500 as compared to Rs69,900 and Rs73,500 respectively.
However, it has slightly increased the price of CG-125 Standard model by Rs400 to Rs102,900. The price of other 100-125cc models has remained unchanged.
Chinese bike assemblers have not reduced prices. Chairman Association of Pakistan Motorcycle Assemblers (Apma) Mohammad Sabir Shaikh, who represents Chinese bike assemblers, said that since the dollar had been trading between Rs100-102, all Chinese bike assemblers have been working under pressure.
He said further reduction in Honda bike price may give tough time to Chinese bike assemblers.
So far the Chinese bike makers are not in a position to decrease prices. Sabir claimed many small units had already closed down due to low profit margins.
He said the scenario for high engine power bikes would change in the next one to two years as new Japanese bike assembler is also entering the market this year.
Published in Dawn March 25th , 2015
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