Following in the footsteps of Atlas Honda from last week, Yamaha has revised the prices of its bikes for the third time this year. The prices have been increased by up to Rs. 15,000 and are likely to come into effect on 26 July 2021.
The new prices are:
|Bike||Old Price (PKR)||Revised Price (PKR)||Increase (PKR)|
|YB 125 Z||163,000||176,000||13,000|
|YB 125 Z DX||175,500||190,000||14,500|
While talking to a mainstream media outlet, the Chairperson of the All Pakistan Motorcycle Assemblers (APMA), Sabir Sheikh, stated that the demand for motorcycles has skyrocketed ever since the lockdown was lifted last year and that the suppliers have been having a hard time keeping up with the demand for motorcycles and their spare parts since then.
He explained that the suppliers are unable to keep up with the demand, and dealers are charging “own money” from customers. Own money is the illegal selling price through which a dealer charges a premium from a customer over the original Manufacturer’s Suggested Retail Price (MSRP) of a vehicle.
Yamaha’s last price hike was three months ago. Meanwhile, the government is actively working on curbing the practice of ‘own money’ and is trying to ensure affordability in the prices of vehicles. However, the motorcycle industry remains unattended on those fronts.