Pak Suzuki Increase Prices by up to Rs 90,000

Just as indicated, Pak Suzuki has announced to increase the prices of its cars (sparing Cultus) effective from the 1st of January 2020. The increase in price will be ranging from Rs 49,000 to up to Rs 90,000 depending on the models.

Related: Car Prices to Increase from January 2020

Old Price (PKR) New Price (PKR) Difference (PKR)
Ravi 941,000 999,000 58,000
Bolan 1,050,000 1,099,000 49,000
Bolan Cargo 990,000 1,040,000 50,000
Wagon R VXR 1,540,000 1,605,000 65,000
Wagon R VXL 1,625,000 1,695,000 70,000
Alto VXR 1,308,000 1,398,000 90,000
Alto VXL AGS 1,518,000 1,598,000 80,000
Swift DLX Nav 1,905,000 1,995,000 90,000
Swift DLX A/T Nav 2,050,000 2,140,000 90,000

According to Pak Suzuki spokesperson Shafiq Ahmed Sheikh, the company has been posting losses since the last four consecutive quarters, due to which the company has been trying to make “moderate” price increase as possible despite massive cost rise caused by rupee depreciation against the dollar and incidence of high taxes and duties.

Related: Pak Suzuki Increases Jimny Prices

Surprisingly however, there has been no additional duty or tax imposed by the government while the Rupee has actually recovered by 5.5% during the last 4 months. Car sales are likely to regain momentum from the beginning of next year, thus the company believes price increase will help dampen its declining profits.

However with already declining sales, such a massive increase in prices may further dent the sales of Suzuki which is already facing a 68% decline (sparing Alto 660cc). After Pak Suzuki, other local automakers are also expected to increase the prices of their vehicles effective from New Year.

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