2020 seems to be a tough year for everyone. Individuals, businesses, and industries, are all struggling to make it through the pandemic that broke out a few months ago.
Pak Suzuki joined the party as it raised the prices for its motorcycles. Previously, Atlas Honda and Yamaha did the same. Pak Suzuki says that the new prices include not only the ex-factory product price but freight charges as well.
The new prices have been implemented since July 1, 2020. Below are the price changes announced by the notification:
|MODEL||OLD PRICE||NEW PRICE|
|Suzuki GD110S||Rs 172,000||Rs 175,000|
|Suzuki GS150||Rs 182,000||Rs 185,000|
|Suzuki GS150SE||Rs 199,000||Rs 202,000|
|Suzuki GR150||Rs 273,000||Rs 279,000|
|Suzuki Gixxer 150||Rs 549,000||Rs 579,000|
These prices are for motorcycles that are sold by dealerships. The notification further stated that the prices can be changed any time without a prior notice. The customer, at the time of purchase, shall have to pay the rate that is in effect at that particular time. “Any government tax applicable will be charged to the customer,” the notification read.
The hike in price by Atlas Honda and Yamaha
Just yesterday, Honda increased the price of its bike by Rs 20,000. However, lowest of all these increases, is Yamaha’s increase in its bike prices i.e. Rs 6,000. The new prices by Honda are mentioned below:
The increase in prices of Yamaha by Toyota Motors is mentioned below:
|Yamaha YB125Z||Rs 151,000|
|Yamaha YBR 125G||Rs 178,000|
This significant increase in prices by these auto manufacturers will obviously slow down the auto industry even more. It’s a complicated situation right now as industries are trying to survive through this rough patch but by increasing prices, the consumers are just drawn back from purchasing a vehicle since many are going through a financial crunch right now.
We hope and pray that these times are over soon.