The motorcycle market is arguably the strongest in the entire automotive market of Pakistan as each year motorcycle manufacturers sell them by hundreds of thousands. Around the mid-to-late 2010s, the industry received several new products in the market that became rapidly became popular.
Although the demand for the 70cc, 100cc, and 125cc commuter bikes is high, the appeal of motorcycles has been fading due to unrelenting and unexplained hikes in their prices.
The Chairman of the All Pakistan Motorcycle Assemblers (APMA), Muhammad Sabir Sheikh, recently claimed that the aid concern can be addressed by the government.
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He said that the federal government must offer relief to motorcycle owners and buyers by reducing the general sales tax by at least two percent, and by reducing it from 17 percent to 15 percent.
He added that the government can increase its revenue by up 15 percent if it includes all the bike dealerships in the taxation net.
Speaking in the interest of adding more variety to the motorcycle lineup, Sheikh added that the government should reduce the duty on the import of CBUs to 25 percent. This will enable the public to have access to vehicles of more variety, better quality, and cheaper price, he added.
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Although the chairman raised valid points in his statement, it bears mentioning that the prices have been increasing on a frequent basis despite the stabilization of the value of the Pakistani Rupee against the American Dollar. The bike manufacturers offer no explanation for the price hikes and have been increasing them on a bi-monthly or tri-monthly basis.
Such unjustified hikes ought to be looked into by the government.
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