Pak Suzuki Motor Company (PSMC) has gone on to announce a rather huge price hike for a few of their passenger cars. Among the cars whose prices have been revised, are 2 variants of the Suzuki Alto and Wagon R and all variants of the Suzuki Swift.
As per the notification issued by the automaker to the dealerships, the following prices shall become effective from the 15th of October, 2020:
| Vehicles | Current Price (PKR) | Revised Price (PKR) | Price Increase (PKR) |
| Alto VXR | 1,398,000 | 1,433,000 | 35,000 |
| Alto AGS | 1,598,000 | 1,633,000 | 35,000 |
| Wagon R VXR | 1,598,000 | 1,640,000 | 42,000 |
| Wagon R VXL | 1,695,000 | 1,730,000 | 35,000 |
| Swift Manual | 1,995,000 | 2,030,000 | 35,000 |
| Swift Automatic | 2,140,000 | 2,175,000 | 35,000 |
PSMC has announced 6 price hikes for a variety of its products over the past 10 months. The first price hike took place on January 1st, 2020, where prices of the entire PSMC car lineup, were revised.
The 2nd price bump came about on July 2nd, 2020, in which, PSMC bumped up the prices of the entire bike lineup. The 3rd price bump came on July 6th, for the new Suzuki Alto. The 4th price hike was announced a couple of months ago for the Bolan & Ravi and the 5th price hike happened last month when all the bike prices were revised.
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This is despite the fact that PSMC has faced a rather significant 20% decline in sales compared to September of last year, as per the data shared by the Pakistan Automotive Manufacturer’s Association (PAMA). It is also pertinent to mention that PSMC has been observing a Year on Year (YoY) sales decrease for the past 2 months.
Again, one of the most probable reasons for the decrease in sales – along with multiple price hikes – could also be the staleness of the lineup. To that end, however, PSMC might just have something in store for us because about a couple of months ago, PSMC reportedly announced that they shall be discontinuing the 2nd Gen Swift in Pakistan by August 2021.
Speculations are being made following that news whether PSMC would introduce the 3rd Gen Swift in Pakistan or the latest 4th Gen Swift that has debut all across the international market. Whatever the case may be, the change in the lineup would certainly be welcome.
Andher nagri chopat raaj.
Koi Pochne Wala Nahi
Na Audit Na Report
Bus Price Increase Kiya Jao
Dollar Jab Neeche Aya Hai to Price Decrease Q Nahi ho rahi
Already Sare Parts Duties Waive hote under EDB Law Phir Q Price high hai
Kun Audit karega k Ek Car Ki Total Production Cost kitni hai?
Six price increases in 10 months. It is height of something. People should stop booking their products & go for imported cars.
raqak dawood has banned imported cars for a reason
STILL IMPORTED UNDER 5 YEARS OLD CAR AND PAY HIGH DUTIES.
THAT’S WHY 20 LAC Ki Budget main we always prefer to Local not imported
I am an overseas pakistani and i am really amazed how automotive companies are completely out of control. After Pandemic most of western countries have given relief to their people as much as they could. But in pakistan government let the companies to do whatever they want to do. They are squeezing every drop of the blood out of people. wealthier people have no problem in paying tax but i am talking about the pain and misery of a common pakistani. People pay huge amount of taxes on already taxed salaries.
Apni marzi se price increase krty rehty hy or vendor ko paise nh diye jaty psmc walo ko.
hamri kuch 1lac say bhi Kum pagal awam hay Jo in ki gariya book karti hay sirf aik saal in say koi gari na lay phr dekho paisay bhi Kum karay gay or without markup on installment sub ko gari milay ge…
سرکاری آفیسرز کو ان کے حصے مل رہے ہے سوئس اکاونٹ میں۔ عوامی نمائندے ایک دوسرے کو گرانے اور بدنام کرنے میں مصروف۔ لوٹ ماری کا بازار گرم۔۔۔ عوام کا اللہ حافظ
ROFLMAOCopter…….