The race for price hikes among motorcycle manufacturers appears to have resumed, as Horsepower Pakistan confirmed that Yamaha has increased the prices of its motorcycles, just a day after Atlas Honda announced a price hike.
Though Honda only increased their prices by Rs.2000, Yamaha increased their prices by Rs. 7000. The company has yet to issue a statement explaining the price increase.
The new rates went into effect on April 2nd, 2021, which is today. Following the launch of new graphic stickers, the price of the regular YBR-125 will be increased later this month.
This is Yamaha’s second price hike this year, with the first happening in January and resulting in a price rise of up to Rs.6000 on bikes.
These price hikes seem unjustified since the local currency’s value has remained steady for some time, which has been the reason for every single price hike by the automakers since the countrywide lockdowns were enforced in March of last year.
