Atlas Honda Limited (AHL) has enlarged bike costs by Rs500-3,000 owing to devaluation of the rupee against the dollar despite achieving over ninety per cent localization.
The company enlarged the value of CD-70 when a spot of 3 years by Rs500 to Rs64, 000. The new worth of CD-70 Dream and Pridor is currently mounted at Rs68, 500 and Rs88, 000, up Rs1, 000 whereas the value of CG-125 has been raised by Rs1, 500 to Rs 109,000.
CG-125 Delux and CB-150 can currently value Rs129, 500 and Rs165, 000 from Apr two, 2018 when a jump of Rs three,000 per bike. Astonishingly, Asian nation Association of Automotive elements and Accessories makers (Paapam) on its web site claimed that 92pc localization has been achieved for bikes.
Overall import bill for completely- and semi-knocked down kits of 2 wheelers rose to $69 million from $56m in same amount last business enterprise, up by 23pc.
Atlas Honda is predicted to realize sales of one.1 million units by finish of its year ending March thirty one, whereas it aims to hit sales of one.3m bikes in its next year, a Honda dealer same.
He same improvement in law and order scenario in city has boosted the general sales of Honda bikes to over fifty, 000 units each year. The sales hovered around ten, 000-12,000 units some 3 years back attributable to lawlessness within the mega town. Lack of conveyance has additionally pushed up demand of two-wheelers.
The dealer same the share of Honda 70cc in company’s overall sales ranges between 42-45pc followed by 40pc market share by 125cc.