Concerned authorities continue to maintain their silence as motorcycle manufacturers across Pakistan choose to persist with unmitigated price hikes. An official notification from Pak Suzuki Motor Company (PSMC) was released over the weekend indicating that it had introduced its second price hike for the 2021 calendar year.
The new prices became effective on 1 August 2021, and are as follows:
|Model||Old Prices (Rs.)||Revised Prices (Rs.)||Price Increase (Rs.)|
Evidently, the prices of all the motorcycles have been increased by Rs. 5,000; and while the prices of the 150cc motorcycles have been revised in just under six months, the GD-110 S has had its first price hike in nine months.
The trend of frequent unexplained price hikes has become commonplace for motorcycle manufacturers all over Pakistan. Besides the PSMC’s second price hike of the year, Honda Atlas and Yamaha have also announced several questionable price hikes.
On the one hand, the automakers tend to blame the increasing shipment costs and the fluctuating rate of the American Dollar against the Pakistani Rupee but the general public becomes the actual victim of such extravagant and frequent price hikes on the other hand.
In addition to the policy for the 4-wheeler industry, there is now a growing need for the government to devise a policy for the two-wheeler industry to encourage more competition in it and to stringently monitor motorcycle makers, their quality control measures, and their pricing strategies.