After Toyota loses its sales in July 2022, Pak Suzuki faces the same fate. The country’s economic-led production challenges have also pushed down Pak Suzuki’s sales.
The company’s sales observed a massive downturn in July 2022, selling fewer than 6800 units. Meanwhile, the automaker witnessed a month-on-month (MoM) fall of over 60%.
It is pertinent to mention that Suzuki Alto has always been the company’s best-selling car. And again, when the sales charts are groaning under the weight, the car proves to be a lifeline for the company. Sources have revealed that the company sold 4600 units of Suzuki Alto, and Surprisingly, not more than 500 units of any other model.
Possible Reason(s)
Their could be these two major reasons:
- The company suspended all bookings last month citing limited quota and potential price hike.
- Pak Suzuki announced that it may observe non-production days, meaning it would impact the production directly.
Price Increase in Pak Suzuki Cars
A severe downturn in the country’s economic health has reversed the local auto industry’s fortune. It’s been seven months and the Pakistan auto industry has witnessed a fourth car price hike this year.
After Toyota, KIA, Hyundai and Changan, comes Suzuki. The company has increased the price of its locally assembled cars, Suzuki Alto, Suzuki Wagon R, Suzuki Cultus, Suzuki Swift, Suzuki Bolan, and Suzuki Ravi. New Prices will be effective from August 1, 2022.
Here are the updated prices of all Suzuki Swift variants.
- The new price of the base variant, Swift GL Manual, is Rs. 3.349,000 against the old rate of Rs. 2,774,000, meaning, its price has been increased by Rs. 575,000.
- The price of the mid variant, Swift GL CVT, is increased by Rs. 601,000, taking the rate to Rs. 3,599,000 against previous price of Rs. 2,998,000.
- The top of the line, Swift GLX CVT, saw a jump of Rs. 661,000, taking the price to Rs. 3,959,000 against the old rate of Rs. 3,298,000.
What do you think of the prevailing situation of the local auto market regarding production cuts and sales turning down? Share your thoughts in the comments section.
What do you think about these numbers? Please share your thoughts in the comments section.
These local manufacture has to drop prices there at least by 20% to 25% . The Dollar will not sustain it has to come down to its intrinsic value which is around 170 to 180 . If government open imports in the end of September the cartel of these local manufactures and there dealer will break.
In the garb of FOREX difference, Companies increased prices to INSANE LEVELS to cater their losses and put burden on potential buyers. We, the buyers, need to think rationally to force Companies to decrease irrational price hike by lowering BOOKINGs etc ….. Remember, Govt has NO INTEREST as far as interests of public is concerned. We have to take action ourselves !
In my view the figure is reflecting a simple mechanism of demand for product falling because of exceptionally high price, the demand is going to increase once prices rationalise.