Bike, loader prices soar

KARACHI: Rising freight charges, war risk premiums and diesel prices in the wake of the ongoing Middle East conflict have forced local bike and three-wheeler loader assemblers to raise prices by Rs1,500-10,000, effective April 1.

While carmakers have yet to announce any price increases, market participants believe they may also follow suit.

Pak Star Automobile Ltd has raised prices of 100cc-200cc loaders by Rs10,000, citing an increase in the cost of Chinese-made parts, freight and transportation charges.

N.J. Auto Industries has announced a price hike of Rs1,500 on all models of Super Power motorcycles due to higher parts prices and transportation costs.

Higher fuel, freight and parts costs drive increases

Higher fuel, freight and parts costs drive increases

D.S. Motors has increased the price of 70cc Unique motorcycles by Rs3,500, attributing the hike to the economic situation, higher petroleum prices and rising costs of sheet metal parts and aluminium.

Following a Rs55 per litre increase in petrol prices, along with expectations of a further Rs30 per litre hike, coupled with an inefficient public transport system, more consumers may turn to two-wheelers as a fuel-efficient alternative to cars.

Bike sector expert Mohammad Sabir Shaikh told Dawn that after a sharp increase in........

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