LAHORE: The introduction of multiple import taxes in the Federal Budget 2024-25 is expected to result in increased prices across all types of motor vehicles.
The new tax-oriented budget can also affect the price of Honda bikes including Honda CD 70 Dream, Honda CG 125, Honda CD 70, and Pridor.The federal government has decided to increase import duties on raw materials such as steel, paper products, and spare parts, potentially boosting the production or assembly of cars and motorbikes in Pakistan.
Despite fluctuations in the rupee’s value, the Honda CD 70 Dream remains the top-selling motorcycle, surpassing numerous competing local models. Nonetheless, escalating prices pose affordability challenges for prospective buyers interested in purchasing the Honda CD 70 Dream and similar models.Honda motorcycles are well-known for their durability and performance, making them popular for handling rough terrain and challenging road conditions.
The Honda Classic 70 remains attractive despite cheaper options like Chinese and locally made bikes, thanks to its low maintenance needs, robust resale value, and lightweight design.In July 2024, the current price of the Honda CD 70 Dream stands at Rs 168,900.
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