Will The Price Of Motorcycle Increase Again?

Currently, the motorcycle market in our country is showing a slightly unstable environment, especially among people who tend to know more about the price of motorcycles. The common question on the face of motorcycle lovers is, Will the price increase again? Or will it decrease?

Once upon a time when we saw that the prices of motorcycles have come down a lot and many people have chosen motorcycles as their personal vehicles due to the affordability of the customers but the current situation is a bit different. The price analysis of 2022 shows that the prices increased by 6 to 15 percent from May to December last year. Officials said that overall, since the beginning of last year, the rate of price increase has been 10 to 15 percent depending on the brand and model. In such a situation, buying a bike is a bit difficult for motorcycle lovers.

Now a question arises, Will the Price of a Motorcycle Increase Again? The answer to this question is, yes there is a possibility to increase the motorcycle price again. Because the dollar rate has risen by as much as 25 percent, which has had a direct impact on the import of motorcycle parts. On the other hand gas and electricity prices have increased in the country. The cost of transportation has increased due to an increase in fuel prices. Everything will affect the price of the motorcycle.

According to the motorcycle marketing companies' own market survey, around 5 lakhs90 thousand motorcycles were sold in the country in 2022, which is the same as the previous year. There has been no growth in this sector. Generally, double-digit growth in motorcycle sales can be seen by reviewing the data from previous years.

So it can be assumed that the price of motorcycles may increase again. Because the motorcycle industry is directly and indirectly related to the areas where price increase has occurred.