KARACHI: Atlas Honda Limited (AHL) has increased the price on its four models CG-125, Prider, CG-125 Dream and CG-125 Deluxe by Rs500 in the first week of this month.

According to a dealer, the company has not given any reason for pushing up the rates. However, the price of CD-70 and CD-70 Dream has been unchanged for more than a year at Rs63,500 and Rs67,500

Market sources said that CG-125 has been facing severe shortage owing to huge demand and the company has been unable to cope with it. Taking advantage of the situation, some market dealers were seen charging premium on CG-125 up to Rs10,000 including registration papers even though the company’s price is Rs105,000.

A dealer said that the overall production of Honda bikes in June 2016 fell to 62,200 units from 73,000 in May 2016. The overall production in 2015-16, however, swelled to 810,539 from 652,593 units in 2014-15.

Published in Dawn, July 15th, 2016