Pak Suzuki Increases Prices of its Cars Amidst Plunging Profits

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Pak Suzuki saw some incredible sales during the Punjab government’s taxi scheme. Both Ravi and Bolan were sold in thousands; all thanks to the Green Taxi Scheme. But this artificial sales’ boost ran out, and the scheme saw its eventual end. At the end of this project, we witnessed a decrease in the production of new -Suzuki- cars as well. Industry experts had predicted on multiple occasions that company’s sales figures would see a heavy impact. The overall profits of the company have fallen by astonishing 53% for the year of 2016. The dropping profits are being directly attributed to drastic low sales.

In the latest development, Pak-Suzuki Pak Suzuki has revised the price list of its cars and has increased the price on some of its vehicles. A recently surfaced missive -thanks to a PW Community Member for sharing it with us- has revealed the following new prices for the Pak-Suzuki cars:

  • WagonR VXR = PKR 1,054,000 (An Increase of 25,000 rupees)
  • WagonR VXL = PKR 1,094,000 (An Increase of 25,000 rupees)
  • Ciaz M/T = PKR 1,859,000 (An Increase of 160,000 rupees)
  • Ciaz A/T = PKR 1,999,000 (An Increase of 160,000 rupees)
  • Mehran VX = PKR 655,000 (An Increase of 5,000 rupees)
  • Mehran VXR = PKR 708,000 (An Increase of 5,000 rupees)
  • Mehran VX CNG = PKR 725,000 (An Increase of 5,000 rupees)
  • Mehran VXR CNG = PKR 778,000 (An Increase of 5,000 rupees)
  • Ravi VX = PKR 672,000 (An Increase of 1,000 rupees)
  • Bolan VX = PKR 730,000 (An Increase of 5,000 rupees)

These prices will be in effect from 1st April 2017.

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It is not clear whether the new price hike has something to do with falling profits or increasing production costs due to specific requirements dictated by the implementation of the new auto-policy, but one thing is for sure; the increment in vehicle prices’ is certainly not good news for Pakistani auto consumer.

 

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