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For the last few years, buying a brand-new premium motorcycle like the Suzuki GR 150 or Yamaha’s YBR has been a challenge for a middle-class man. The reason behind the ‘whammy’ is the steep rise in their prices, which in turn has also shattered the sales and company profit volumes.
Moving fast forward, the two-wheelers have left with no choice but to attract customers through enticing installment and 0% markup offers. Following Atlas Honda, another Japanese motorcycle maker, Pak Suzuki has also announced installment offer with 0% markup.
The Offer For GR 150
According to the company’s social media post, your dream bike Suzuki GR-150 is now available for easy monthly installments. The additional and major perks come with the offer is 0% markup and 25% down payment.
This incredible offer can be a changer, especially for a middle-class individual who might struggle with a large upfront payment. Also, it allows you to buy your dream two-wheelers comfortably whilst avoiding the financial strain of a lump sum purchase.
The Price Hike
Starting with the price of GR 150, the two-wheeler costs Rs. 547,000, which is among the most expensive daily-use bikes. As mentioned above, motorcycle assemblers have hiked the prices, reaching a new high in recent years. The irony is that the bike company never bothers to mention the reason behind these back-to-back price jumps.
The primary reasons could be import-related difficulties, expensive raw materials, and unstable PKR against the USD, which directly impacts the forex rate. And as we have mentioned in multiple blogs earlier, despite the claim of total localization, the bike companies, especially Yamaha and Suzuki, import the major components of their bikes, meaning more the dollar rate, more the bikes rates, and in this case-sadly-more is not the merrier.
This endless loop of price hikes seems to continue in the foreseeable future because of economic and political instability. The automotive industry will take a couple of months to come out of this misery. Till then, keep your fingers crossed and enjoy the bumpy ride of uncertainty.
