As we told you last week, Suzuki bike prices will be increased in the next few days, and our report proved to be accurate as Suzuki Pakistan has increased the rates up to Rs. 20,000. According to a notification, the new rates will be applicable from May 9, 2023. Importantly, this is the second price jump by Suzuki in a month, as the last price hike was on April 7, 2023.
New Suzuki Bike Prices
- Suzuki GD 110S used to cost Rs.322,000, but after a price hike of Rs. 13,000, the bike now costs Rs. 335,000.
- Similarly, Suzuki GS 150 was available at Rs. 350,000 previously, but after a hike of Rs. 14,000, its new price is Rs. 364,000.
- Suzuki GSX 125 used to be priced at Rs.469,000. But after an increase of Rs. 19,000, the bike now costs Rs. 488,000.
- Lastly, Suzuki GR150 had an old price of Rs. 501,000. After a price increase of Rs. 20,000, GR 150 now costs Rs. 521,000.
Terms and Conditions
- The retail prices include (a) ex-factory product price and (b) freight charges.
- The above prices can change without any prior notice.
- Price at the time of delivery shall be applicable.
- Any government tax applicable will be charged to the customer.
Not surprisingly, the company has not shared the reason for this price hike, although it has issued a proper notification of the price hike. The primary reasons could be import difficulties, expensive raw materials, and unstable PKR against the USD, which directly impacts the forex rate. And as we have mentioned in multiple blogs earlier, despite the claim of total localization, the bike companies, especially Yamaha and Suzuki, import the major components of their bikes, meaning more the dollar rate, more the bikes rates, and in this case-sadly-more is not the merrier.
This endless loop of price hikes seems to continue in the foreseeable future because of economic and political instability. The automotive industry will take a couple of months to come out of this misery. Till then, keep your fingers crossed and enjoy the bumpy ride of uncertainty.
What is your take on the fresh hike in Suzuki bike prices? Is it justified? Please share your thoughts in the comments section.
