Pak Suzuki announces price increase of its passenger cars by 40,000 rupees

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Pak Suzuki, today, announced that the company would be increasing the prices with a difference of 40,000 rupees on its passenger cars, starting from November 2018.

This is the fifth time that Pak Suzuki has increased the prices of its car this year. Below mentioned are the revised prices:

Pak Suzuki cars

Read More: Toyota IMC announces price increase effective from Nov 2018

However, the previous prices were as follow:

Model Previous Price – PKR
Suzuki Wagon R VXR  1,144,000
Suzuki Cultus VXL  1,461,000
Suzuki Swift NAV-MT  1,475,000
Suzuki Swift NAV-AT 1,611,000
Suzuki Cultus VXR  1,340,000
Suzuki Wagon R VXL    1,234,000
Suzuki Cultus AGS 1,568,000

Amidst the rising exchange rate, which has reached to Rs.134 per US dollar, the company has increased rupees 40,000 on each car.

Other than this, in a report submitted by Pak Suzuki, the company’s profit is down by 91% to 95 million rupees in the quarter that ended on 30th September 2018, whereas in the same quarter of the corresponding year, it made a profit of PKR 1.10 billion. The volumetric sales of the company also dropped by 10% as compared to the previous year’s quarter that ended in September.

Related: Honda Atlas increases prices of its cars, effective from 22nd Oct 2018

Moreover, Pak Suzuki has already announced discontinuing Mehran from March 2019 and plans to introduce locally manufactured Suzuki Alto 2019 660cc in the country.

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