After Pakistan Suzuki Motors Company (PSMC) reported a massive 10 billion loss it faced last year, Pak Suzuki brings another update for those who want to cruise down the road in his dream car.
As per the PSMC’s recent post, here is a chance to turn your dream into a reality. And Pak Suzuki with Habib Metro Auto Finance will make it to happen.
Pak Suzuki’s Offer
With Habib Metro Auto Finance, you can save big on your dream car. Imagine saving up to Rs. 800,000 – that’s a significant amount that can make a real difference in your budget. Plus, with fixed rates as low as 18%, you can drive away with extra savings in your pocket.
It’s been more than a year, the company is bringing a series of ‘Purchase’ and ‘exchange’ bonus offers on its prominent models like Alto, Wagon R and Swift, aiming to bring sustainability in company’s sales and profitability.
Hefty Loss Last Year
Pakistan’s auto industry is still in peril. Dwindling sales, production shutdowns, and high taxation have shattered the local car makers. The same is the situation with Pakistan Suzuki Motor Company (PSMC). The company has faced significant challenges in 2023, leading to massive losses of Rs. 10.07 billion.
The reason behind this hefty loss was primarily a steep decline in sales and high taxation, as reported in the company’s financial results for the year.
The sales decline was drastic, with net sales revenue plummeting by nearly 50% to Rs. 102.11 billion compared to the previous year. The company attributed this drop to being non-operational for much of the year due to inventory shortages.
Despite the decrease in sales, Pak Suzuki managed to improve its gross profit to Rs. 17.27 billion, up from Rs. 11.68 billion in the same period last year. This improvement led to a better profit margin of 16.91%, compared to 5.77% in 2022.
That’s the power of consumers,if they are exagerating with their price don’t buy, they will lower it
But still, we need to compared those new price with proton saga to now if it worth it or not