BAFL 50.00 Increased By ▲ 3.50 (7.53%)
BIPL 22.46 Increased By ▲ 1.31 (6.19%)
BOP 5.43 Decreased By ▼ -0.10 (-1.81%)
CNERGY 5.07 Increased By ▲ 0.17 (3.47%)
DFML 18.99 Increased By ▲ 0.17 (0.9%)
DGKC 80.18 Increased By ▲ 0.18 (0.23%)
FABL 33.03 Increased By ▲ 2.18 (7.07%)
FCCL 20.26 Decreased By ▼ -0.13 (-0.64%)
FFL 9.61 Increased By ▲ 0.05 (0.52%)
GGL 13.65 Decreased By ▼ -0.32 (-2.29%)
HBL 121.09 Increased By ▲ 3.14 (2.66%)
HUBC 122.34 Decreased By ▼ -1.46 (-1.18%)
HUMNL 7.98 Increased By ▲ 0.03 (0.38%)
KEL 3.97 Increased By ▲ 0.46 (13.11%)
LOTCHEM 28.05 Decreased By ▼ -0.50 (-1.75%)
MLCF 42.12 Increased By ▲ 0.02 (0.05%)
OGDC 121.85 Increased By ▲ 0.84 (0.69%)
PAEL 20.12 Increased By ▲ 1.28 (6.79%)
PIBTL 5.83 Increased By ▲ 0.13 (2.28%)
PIOC 116.39 Increased By ▲ 2.68 (2.36%)
PPL 110.71 Increased By ▲ 2.36 (2.18%)
PRL 29.58 Increased By ▲ 1.76 (6.33%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
SNGP 68.95 Decreased By ▼ -0.45 (-0.65%)
SSGC 13.77 Increased By ▲ 0.52 (3.92%)
TELE 8.79 No Change ▼ 0.00 (0%)
TPLP 14.67 Increased By ▲ 1.02 (7.47%)
TRG 90.65 Decreased By ▼ -1.29 (-1.4%)
UNITY 27.25 Increased By ▲ 0.59 (2.21%)
WTL 1.62 Increased By ▲ 0.05 (3.18%)
BR100 6,648 Increased By 104.2 (1.59%)
BR30 23,568 Increased By 358.1 (1.54%)
KSE100 64,718 Increased By 800.4 (1.25%)
KSE30 21,594 Increased By 242.4 (1.14%)

Japanese bike-maker Yamaha Motor Pakistan notified an increase in prices of its two-wheelers by up to Rs13,500, driven by import restrictions and spike in cost of production of automobiles.

According to a notification sent to the bike dealers, the new rates will be effective from January 4, 2023.

The company jacked up the price of YB125Z model by Rs12,000 to Rs305,500. The firm also hiked the rate of YB125Z DX variant to Rs327,000 from Rs314,500.

Yamaha hikes bike prices by up to Rs15,500

The prices of YBR125, YBR125G and YBR125G (matt dark gray) models have been jacked up by Rs13,500 to Rs336,000, Rs349,500 and Rs352,500 respectively.

The company last increased prices of its two-wheelers in November 2022 with the hike as high as Rs8,000.

Speaking to Business Recorder, Association of Pakistan Motorcycle Assemblers (APMA) Chairman Sabir Sheikh said the cost of production for the automobile sector has risen significantly.

“Moreover, the dollar rate has been fluctuating and the greenback could not be found in the open market. Banks aren’t opening Letters of Credit (LCs) which is hindering the import of auto parts and as a result, there is a general shortage of components in the market.”

Yamaha increases motorcycle prices by as much as Rs26,500

Another source in the industry stated that automobile components and raw material are selling at very high prices in the market because stocks have depleted amid import restrictions.

The auto sector has been struggling from a shortage of dollars in the country which has forced the government to curtail imports. Pakistan’s auto sector is highly dependent on imported auto parts and raw material.

Pak Suzuki Motor Company (PSMC) recently announced a temporary shutdown of its automobile and motorcycle plants from January 2 to 6 “owing to inventory shortage”.

Earlier, the management of Baluchistan Wheels Limited (BWHL) also decided to suspend production due to depressed demand for automobiles in the market.

Indus Motor Company (IMC), the assembler of Toyota-brand automobiles in Pakistan, also announced to completely shut down production plant from December 20 to December 30 due to delays in approval for imports.

In a corporate meeting last month, IMC officials said that import restrictions imposed by the central bank and ongoing rupee depreciation were denting the country’s auto sector.

They also stated that the industry was bearing the burden of escalating production costs on account of rupee depreciation while demand was on the decline due to the economic downturn amid high interest rates and augmented duties and taxes on vehicles.


Comments are closed.

Yamaha Motor Pakistan increases bike prices by up to Rs13,500

Israel-Gaza conflict to ‘severely depress’ Palestinian economy: IMF

Illegal foreigners impact Pakistan’s security, economy: COAS

Pakistan’s future is ‘very bright’: IMF officials laud improvement in economic situation

Inter-bank: rupee secures marginal gain against US dollar

Open market: rupee unchanged against US dollar

Pakistan’s central bank reserves decrease $237mn, now stand at $7.02bn

Bulls dominate as KSE-100 hits new peak above 64,700

Al-Azizia case: IHC says will hear Nawaz’s appeal on merit

Denmark passes bill to stop Holy Quran burnings

Franchises announce retentions for PSL 2024