Pak Suzuki Motor Company Limited (PSMC) has increased the prices of its bikes for the 4th time this year. The 1st price hike occurred back in January, the 2nd came in July, the third one happened a couple of months ago, and the latest one happens to be the 4th.
Previously, the automaker cited the depreciating local currency and the COVID-19 induced drop in the sales to be the reason for the price bump to meet the operational expenses. However, the business has picked up in recent months following the easing of lockdowns and so has the value of the local currency, yet the prices continue to go up.
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Following are the new prices for PSMC’s entire bikes lineup:
| Model | Old Prices (Rs.) | Revised Prices (Rs.) | Price Increase (Rs.) |
| GD-110 S | 178,000 | 181,000 | 3,000 |
| GS-150 | 190,000 | 193,000 | 3,000 |
| GS-150 SE | 207,000 | 210,000 | 3,000 |
| GR-150 | 284,000 | 287,000 | 3,000 |
It bears mentioning that PSMC has recorded a quarterly loss in the 3rd quarter of 2020, marking it to be their 8th consecutive quarterly loss. Also, as per the monthly report shared by Pakistan Automotive Manufacturers Association (PAMA), PSMC has been recording poor sales figures on a year-on-year (YoY) basis for the past 2 months and in September, one of their hottest selling cars i.e. the Cultus recorded a massive sales decline of 29% on a Month on Month (MoM) basis and 44% on a YoY basis.
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In the bike segment, Atlas Honda remains the undisputed king in terms of sales figures, whereas Yamaha is also faring well, although official sales figures are not yet known. PSMC, with its limited product lineup and sky-high prices, continues to struggle to establish itself as a strong competitor for Honda and Yamaha.
Bohat Expensive Ho Rahi hai 160 170 Ki Bike Ab 210 Pe Ja Chuki hai
RIP
Is there anyone to take notice on it OR to maintain Check and Balance.
No check and balance. No price control. Jungle law situation in Pakistan. Fedup with Naya Pakistan.
Yes is there jungle law is there’s nothing have time how will notice in price
Yar.
In logo ko pochny wala koi nhi.
Jb price itni high hogi or quality bhi compromised hogi to phir kon lay ga bike. Pata nhi kya bewakof log hy, bajaye price kam krny k, increase krty ja rhy hy, or phir roty bhi hy k sale nhi ho rhi.
Suzuki Pakistan has lost his mind. This is the time it should be kicked off from pakistan auto market.
They have looted pakistani nation for their non luxurious, tin cars and bogus engines. People should now look at different auto makers.
Suzuki pakistan paying is zero Quality on all products but asking us to pay highest prices
There have to be some authorities to take control on price increases issues as well Qualities.
Mey someone took notice
It is said that greed has no limit. These three companies in Pakistan honda, yamaha and suzuki having govt hand on their shoulders doing extensive damage to locomotive market. Understanding Pakistans people mind set that this nation is always having inferiority complex and for show up they can go up to every limit these three motorcycle manufacturers taking full advantage and looting with both hands. Thanks to China who brought motorcycles to poor mans access. I say people should boycott these companies who in the name of fake quality and material making the nation fool and looting.
حکومت کو سمجھ نہیں آ رہی کہ کرونا سے لڑیں یا مافیا سے جس کمپنی کا دل کرتا قیمت بڑھا دیتا ہے