Suzuki Motorcycle Prices Increased in 2024
According to the latest announcement from Suzuki Motorcycles Bangladesh, the prices for bikes under the 2024 model have been increased. The reasons cited by the company for this price hike include increased production costs, changes in import duties, and the global economic situation. Let's explore these reasons for the price increase in a bit more detail.
Changes in the Global Economy
Changes in the global economy have significantly impacted the motorcycle industry, alongside other industries. For instance, production costs have risen due to the increasing prices of raw materials like steel and aluminum. Secondly, inflation and currency exchange rates play a crucial role in determining production costs, forcing companies to re-evaluate the pricing of their products.
Changes in Import Duty Rates
Motorcycle prices largely depend on changes in import duties. This directly affects the cost of importing parts and motorcycles.
Ensuring Product Quality
Ensuring product quality has always been a top priority for Suzuki Motorcycles Bangladesh. The company focuses on using high-quality parts, working with updated technology, and rigorously testing its products to ensure they exceed consumer expectations. The use of updated technology and high-quality parts is one reason for the increase in bike prices.
The current prices of some motorcycles with increased values are given below:
- Hayate EP - BDT 1,18,000/-
- Gixxer Monotone - BDT 2,05,950/-
- Gixxer Classic Plus - BDT 2,09,950/-
- Gixxer Classic Matt - BDT 2,09,950/-
- Gixxer Carb-Disc - BDT 2,37,950/-
- Gixxer Fi ABS - BDT 2,79,950/-
- Gixxer Fi Disc - BDT 2,49,950/-
- Gixxer SF Fi ABS - BDT 3,49,950/-
- Gixxer SF Fi Disc - BDT 3,19,950/-
- Gixxer SF Matt Plus - BDT 3,59,950/-
- GSX 125 - BDT 1,41,950/-
- GSX R Dual Channel ABS - BDT 4,65,950/-
- Access Fi 125 - BDT 205000/-
For all such updated information about the motorcycle industry, keep an eye on Bikroy's BikesGuide News.
