New Price Hike – Suzuki GR150 Now Costs Over Rs. 5 Lacs 😱
Continuing the unstoppable series of price hikes, Pak Suzuki has once again increased the rates of its bikes, and now GR150 costs over five lacs, which is quite astonishing for a bike. As per the company, new prices will be implemented from April 7, 2023. This is the company’s third bike price hike and is only the fourth month of this year.
New Suzuki Bike Prices
- Suzuki GD 110S used to cost Rs.290,000, but after a price hike of Rs. 32,000, the bike now costs Rs. 322,000.
- Similarly, Suzuki GS 150 was available at Rs. 315,000 previously, but after a hike of Rs. 35,000, its new price is Rs. 350,000.
- Suzuki GSX 125 used to be priced at Rs. 422,000. But after an increase of Rs. 47,000, the bike now costs Rs. 469,000.
- Lastly, Suzuki GR150 had an old price of Rs.. 451,000. After a price increase of Rs. 50,000, GR 150 now costs Rs. 501,000.
Terms and Conditions
As per the company:
- The retail prices are inclusive of the ex-factory product price and freight charges.
- The above prices are subject to change without any notice.
- Prices will be applicable at the time of delivery.
- Any government tax applicable will be charged to the customer.
The notification has not mentioned any reason for this latest hike, which is not surprising because bike companies have never shared the reasons with the customers. If we look at the auto industry’s condition and the country’s current economic situation, the possible reasons could be an unstable rupee against the US dollar, difficulties in import, expensive raw materials, and high import duties. Although bike companies claim complete localization, Suzuki and Yamaha still import important parts like engine, which is directly linked to the forex exchange rate.
What do you think about the latest price hike of Suzuki bikes? Are these justified? Please share your thoughts with us in the comments section.