HONDA AND YAMAHA TO RAISE PRICES
July 31 2008.

Honda and Yamaha and two other motorcycle manufacturers told a joint news conference yesterday that they are considering raising domestic prices of certain models to cover higher raw materials costs.

"Price hikes across the board will be difficult in Japan, but we are considering increases for certain products," said Honda Managing Director Tatsuhiro Oyama. Other firms announced similar plans.

Kawasaki has already solidified plans to lift prices on all models sold in Japan and the U.S.

The price revisions are expected to coincide with model changes and new releases.

Domestic shipments of motorcycles slid to 264,309 units in the January-June period, down 22.1% on the year.


Source: The Nikkei Thursday morning edition.