Pak Suzuki has increased the car prices up to Rs100,000. The company has hiked the rates of Suzuki Cultus VXL, AGS and Suzuki Swift Automatic Navigation.
According to the notification, the new price of Cultus VXL is Rs1,970,000, after an increase of Rs70,000 as compared to its old rate of Rs1900000. Meanwhile, Cultus AGS has seen a hike of Rs100,000, as its new rate is Rs 2,130,000, against the old price of Rs2030000.
Moreover, the revised price of 1.3L Suzuki Swift Automatic Navigation is Rs 2,210,000, after an increase of Rs35,000 from its old price of Rs 2175000.
The new prices will be applicable from December 1, 2020.
Earlier Price Hikes by Pak Suzuki:
In October, Pak Suzuki increased its car prices up to Rs42,000. The company had revised the prices of Alto Wagon R and Swift. It is pertinent to mention that the local manufacturers had cited an increase in dollar price as the reason for price hikes, but interestingly the dollar had come down against the Pakistani rupee in the last few weeks.
According to the company’s notification, the new price of Alto VXR and Alto AGS saw a jump of Rs35,000 and now will cost Rs1,433,000 and Rs1,633,000 respectively. Meanwhile, the new price of WagonR VXR was 1,640,000 after an increase of Rs42,000 from its old rate of Rs1,598,000.
Moreover, WagonR VXL now costs Rs1,730,000, compared to old rate of Rs1,695,000. Furthermore, Swift MT had seen a jump of Rs35,000 and now costs Rs2,030,000, while Swift AT’s new price is Rs2,140,000 after witnessing a hike of Rs35,000.
The company has been increasing the prices of its cars, despite the drop in the US dollar in Pakistan. Earlier, after every price hike, Suzuki cited an increase in dollar rate for the price jump. Meanwhile, the company has been recording a loss in sales. As per experts, the company is increasing its prices to cover its losses.
Furthermore, Pak Suzuki has remained to unbale to fill the void created after discontinuation of Mehran. Although Alto and Cultus show promising performance in the start, but the excitement over them seem to reduce among local consumers.