Yamaha Jacks up Prices of Its Bikes

Yamaha YBR Prices

Yamaha Motor, one of Pakistan’s two-wheeler manufacturers, has raised the cost of its motorcycles for the second time this year in response to an increase in general sales tax.

The automotive firm raised the prices between Rs3,000 and Rs3,500. The revised prices become effective on February 21.

Here are the new retail selling price (ex-factory):

ModelRetail price (exclusive of tax)Sales tax — 18%Retail price (inclusive of tax)Previous price (inclusive of 17% GST)
YB125Z (Red, Black)Rs261,440.68Rs47,059.32Rs308,500 Rs305,500
YB125Z DX (Red/Black/Blue) Rs280,084.75 Rs50,415.25 Rs330,500 Rs327,000
YBR125 (Red, Black, Blue) Rs287,711.86 Rs51,788.14Rs339,500 Rs336,000
YBR125G (Red, Black) Rs299,152.54Rs53,847.46Rs353,000 Rs349,000
YBR125G (Matt Dark Gray) Rs301,694.92 Rs54,305.08Rs356,000 Rs352,500

According to the Finance (Supplementary) Bill 2023, which has been stamped by the National Assembly — it was announced that the general sales tax (GST) rate had been increased to 18%.

Following an increase in GST, several industries and sectors raised the prices of goods and services. Amid the ongoing economic crisis, Pakistan’s automobile sector has been hit hard owing to problems with the opening of letters of credit, arising due to the rapidly depleting foreign exchange reserves and a weakening rupee.

Relevant Read: Motorcycle, Auto rickshaw prices swell dramatically

According to the Finance (Supplemental) Bill 2023, which was approved by the National Assembly, the general sales tax (GST) rate was raised to 18%.

During the recent economic crisis, Pakistan’s automobile business has been heavily damaged due to difficulties in opening letters of credit caused by fast diminishing foreign exchange reserves and a falling rupee.

Previous articleLove Between Pakistani Girl and Indian Boy ends up in Jail
Next articleCEOs of telcos jointly express fear of industry collapse