Honda raises motorbike prices across the board
In this article (4)
Honda Vietnam has hiked the prices of most motorbikes following an increase in costs, the biggest hike being of VND2 million ($85).
The price of the Vision 110cc, its best-selling automatic model, has risen by 1.37% to VND37.09 million.
The Air Blade 125cc, a powerful city motorbike favored by men drivers, is up 1.62% to VND43.99 million.
The LEAD, a vehicle known for its large storage space, has seen its price go up by 1.16% to VND43.59 million.
The SH350i, Honda’s most expensive city motorbike, is up 1.32% to VND152.49 million.
With global economic trends affecting the parts market, costs have increased, Honda said.
Last year Vietnam’s biggest motorbike seller saw sales grow by 20.9% to 2.4 million units, accounting for 80.7% of the market.
Questions & Answers
Q.Which Honda motorbike model experienced the largest price increase in absolute terms?
Which Honda motorbike model experienced the largest price increase in absolute terms?
The SH350i, Honda’s most expensive city motorbike, saw its price go up by 1.32% to VND152.49 million. This is the largest increase in absolute value among the specific models mentioned in the article.
Q.What reason did Honda provide for the decision to increase motorbike prices?
What reason did Honda provide for the decision to increase motorbike prices?
Honda stated that global economic trends are affecting the parts market, which has led to an increase in their overall costs. This rise in expenses prompted the price adjustments across most of their motorbike models.
Q.How much did Honda's motorbike sales grow in Vietnam last year, and what was their market share?
How much did Honda's motorbike sales grow in Vietnam last year, and what was their market share?
Last year, Honda's motorbike sales in Vietnam grew by 20.9%, reaching 2.4 million units sold. This performance meant the company accounted for 80.7% of the total market share.
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