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Bike assemblers shock buyers with surprise price hikes - Newspaper

Japanese and Chinese bike assemblers have shocked their buyers with surprise price hikes on the eve of Eidul Azha. APP/file
KARACHI: Japanese and Chinese bike assemblers have shocked their buyers with surprise price hikes on the eve of Eidul Azha.
Without giving any reason in their price revision letters to their authorised dealers, the Japanese assemblers have raised prices by Rs2,400-8,000 for different models.
While Chinese bike-makers have jacked up rates by Rs500-Rs2,000 attributing it to rising raw material (steel, plastic and resin) prices on the world markets coupled with rising rates of locally made parts.
The market leader Atlas Honda Ltd (AHL) has shocked buyers by raising prices by Rs2,400-5,000 on various models effective from Wednesday, the day nation will be celebrating Eidul Azha. ....

Eidul Azha , Mohammad Sabir Sheikh , Yamaha Motor Pakistan Ltd , Atlas Honda Ltd , United Auto Industries , Crown Motor Company , Motor Pakistan Ltd , United Auto , Road Prince Motorcycle , Akbar Road , Sabir Sheikh , Auto Motorcycle , Road Prince , முகமது சாபிர் ஷேக் , யமாா மோட்டார் பாக்கிஸ்தான் லிமிடெட் , அட்லஸ் ஹோண்டா லிமிடெட் , ஒன்றுபட்டது ஆட்டோ தொழில்கள் , மோட்டார் பாக்கிஸ்தான் லிமிடெட் , ஒன்றுபட்டது ஆட்டோ , சாபிர் ஷேக் , ஆட்டோ மோட்டார் சைக்கிள் , சாலை ப்ரிந்ஸ் ,

Auto assemblers flexing muscles for another price hike - Newspaper

Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. AFP/File
KARACHI: As the auto assemblers anticipate jump in vehicle prices on account of spiralling raw material prices on world markets, another cost pressure has emerged following removal of export tax rebate by China on 146 kinds of steel products from May 1, 2021.
At the analyst briefing held last week, Pak Suzuki Motor Company Ltd (PSMCL) and Indus Motor Company (IMC) cautioned about price hikes in vehicles.
Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. However, the potential impact of the ongoing third wave of Covid-19 is also under consideration. ....

City Of , United Kingdom , Taha Madani , Shankar Talreja , Pak Suzuki , Abdul Rehman Aizaz , Ali Asghar Jamali , Karachi Chamber , Pakistan Association Of Automotive Parts , Indus Motor Company , International Steel Ltd , Atlas Honda Ltd , Pak Suzuki Motor Company Ltd , London Metal Exchange Copper , Topline Securities , Pakistan Association , Automotive Parts , Accessories Manufacturers , Aaisha Steel , Metal Exchange Copper , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , தாஹா மதானி , ஷங்கர் தலிரெஜா , பக் ஸஸூகீ , அப்துல் ரெஹ்மான் ஐசஸ் ,

Bank of Punjab profit rises 22pc - Newspaper

Similarly, non-markup/interest income increased to Rs2.53bn as against Rs2bn during 1QCY20 showing an increase of 27pc.
TRG Pakistan PAT surges
TRG Pakistan Ltd announced that its PAT soared to Rs2.8bn during 1QCY21 compared to Rs690,000 in 1QCY20. The PAT in 9MFY21 also posted a massive growth to Rs7.2bn from Rs19m in the same period last year.
Earnings of Nishat Chunian up 150pc
Nishat Chunian Ltd reported its PAT increased 150pc to Rs2.5bn during 1QCY21 from Rs1bn in the same period 2020. In 9MFY21 its profit swelled to Rs5.3bn from Rs3.2bn in the same period last year. ....

Nishat Chunian , Atlas Honda , Hub Power Company , Atlas Honda Ltd , Nishat Chunian Ltd , Pakistan Ltd , Chunian Ltd , Power Company , Honda Ltd , நிஷாத் சுனியன் , அட்லஸ் ஹோண்டா , மையம் பவர் நிறுவனம் , அட்லஸ் ஹோண்டா லிமிடெட் , நிஷாத் சுனியன் லிமிடெட் , பாக்கிஸ்தான் லிமிடெட் , பவர் நிறுவனம் , ஹோண்டா லிமிடெட் ,

Bike makers raise prices again - Newspaper

Fully cashing in on a strong demand, Japanese and Chinese bike assemblers have again raised prices by between Rs1,500 and Rs3,400. Photo courtesy Fahadullah/File
KARACHI: Fully cashing in on a strong demand, Japanese and Chinese bike assemblers have again raised prices by between Rs1,500 and Rs3,400, citing costly raw materials on the world markets in the ongoing month.
With over 94 per cent localisation in the 70cc segment and a substantial rupee recovery against the dollar since August 2020, buyers have yet to see any price impact. Atlas Honda Ltd (AHL) made a second price hike in the current month. The current price hike ranges between Rs2,400-3,400 of different models effective from Feb 1, while the company had jacked up price by Rs1,600-2,000 on Jan 5. ....

Mohammad Sabir Sheikh , Memon Motor Private Ltd , Atlas Honda Ltd , United Auto Industries , Association Of Pakistan Motorcycle Assemblers , Honda Ltd , Motor Private Ltd , Auto Industries , Pakistan Motorcycle Assemblers , முகமது சாபிர் ஷேக் , மெமோங் மோட்டார் ப்ரைவேட் லிமிடெட் , அட்லஸ் ஹோண்டா லிமிடெட் , ஒன்றுபட்டது ஆட்டோ தொழில்கள் , சங்கம் ஆஃப் பாக்கிஸ்தான் மோட்டார் சைக்கிள் கூடியவர்கள் , ஹோண்டா லிமிடெட் , மோட்டார் ப்ரைவேட் லிமிடெட் , சூப்பர் ஸ்டார் , ஆட்டோ தொழில்கள் , பாக்கிஸ்தான் மோட்டார் சைக்கிள் கூடியவர்கள் ,

Auto sales jump 8.1pc - Newspaper

Auto sales showed a brisk upward trend in 4MFY21 with 8.1 per cent rise in sales of cars, 93pc in jeeps, 39pc in LCVs, 19pc in two- and three-wheelers and 24pc in farm tractors. AFP/File
KARACHI: Auto sales showed a brisk upward trend in 4MFY21 with 8.1 per cent rise in sales of cars, 93pc in jeeps, 39pc in LCVs, 19pc in two- and three-wheelers and 24pc in farm tractors, data released by the Pakistan Automotive Manufacturers Association (Pama) showed on Wednesday.
Atlas Honda Ltd assembled and sold all-time high units of 116,024 and 116,000 respectively in October, breaking its own record of 115,972 assembled and 115,161 sold units in April 2018. ....

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