Chinese language bike makers increase costs

DS Motors has knowledgeable its sellers about enhance of Rs2,500 on two fashions of Distinctive 70cc from Feb 20, attributing a hike in metal costs whereas Memon Motors got here out with a value hike of Rs2,000-3,000 on Tremendous Star 70-100cc bikes.

Enhance in bike costs has been raised regardless of attaining over 94 per cent localisation and stability within the rupee-dollar parity over the past six months.

In accordance with the Pakistan Bureau of Statistics (PBS), import of utterly constructed up (CBU) bikes rose by 161pc to $1.4 million in July-December 2020-21 as in comparison with the identical interval final yr.

Import of utterly and semi-knocked down (CKD) kits for native meeting of two-wheelers fell by 10pc to $10m in IHFY21 versus the identical interval final yr.