With the dollar rate now gone up and businesses facing a loss due to the COVID-19 pandemic Road Prince increased Prices starting 1 April 2020 for selected models.
A circular has been issued with Road Prince increased prices which has already come into effect from 1 April 2020. The circular with the subject “Prince increase circular for Classic 70cc and Passion Plus 70cc” said gave the following reason for the price increase:
Company has been promoting its Premier brands of Class 70cc and Passion Plus 70cc by subsidizing it. We cannot compromise in the quality of our products. So due to the increased cost of goods we are forced to increase Rs. 1,000 for the Classic 70cc and Passion Plus 70cc from April 1st 2020.
Road Prince 70cc Prices [April 2020]
|Model||Old Price (PKR)||Increase (PKR)||New Price|
|Passion Plus 70cc||53,000||1,000||54,000|
This is the first company in the auto sector to increase prices starting April and other companies including car manufacturers like Toyota and Honda are expected to follow once the lockdown is lifted and everything opens back up since the dollar rate is at an all time high.
Road Prince prices for all other motorbikes are still the same as last month. For those prices check out list below.