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Honda increases motorbike prices by up to Rs35,000 (Check new rates here)

01:51 PM | 16 Feb, 2023
Honda increases motorbike prices by up to Rs35,000 (Check new rates here)
Source: File Photo

LAHORE – Motorbike giant Honda has again increased the prices of its motorbikes by up to R35,000 in a second hike within a month.

The sharp increase comes in the depreciation of local currency against the dollar as the South Asian country is at the verge of debt default with foreign exchange reserves plunged to a historic low.

The bikemaker first increased the bike prices on January 31, 2023, by upto Rs30,000, and now a second hike after nearly two weeks shocked consumers. The new prices will be effected from February 15, 2023.

As per the new price list shared by the company, the price of the most selling unit Honda CD70 has gone up by Rs9,000 and the two-wheeler will now cost Rs137,900. The price of the second most famous bike of the company, the Honda CG 125, has been increased by Rs11,000, taking the rate to a record Rs205,900.

Honda CD Dream will now cost Rs147,500, as it sees a surge of nearly Rs10,000, and Honda Pridor has been increased to Rs181,500. Price of top of the line Honda CBF 125, and CBF 150 have been increased to Rs418,900, and Rs422,900 respectively.

Here's the list of revised prices for all Honda bikes:

In last couple of months, the auto sector has bear the brunt of import restrictions while the sales of the two-wheelers plunged.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 23 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 23, 2024 (Friday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.45 for selling.

Euro comes down to 301 for buying and 304 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 75.95 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 23 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279.5 282.45
Euro EUR 301 304
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 75.95 76.7
Saudi Riyal SAR 74.25 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.60 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal ‎QAR 76.76 77.43
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.87
Thai Bhat THB 7.79 7.94

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