Hot on the heels of Atlas Honda and Yamaha, Pak Suzuki Motor Company (PSMC) has also increased the prices of its motorcycles, following local currency depreciation.
This is the 4th price hike PSMC has announced this year for its bikes. Effective from August 1, the new ex-factory prices of PSMC bikes are as follows:
|Model||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
At the start of 2022, Suzuki’s GD 110S was priced at Rs. 199,000, GS 150 at Rs. 215,000, GS 150SE at 232,000, and GR 150 at Rs. 315,000. This means that the prices have gone up by up to Rs. 50,000 this year. PSMC increased bike prices four times last year. From January to December 2021, Suzuki bike prices observed a rise of up to Rs. 28,000.
The repeated price hikes by bike manufacturers in the last two years are placing two-wheelers beyond reach for a majority of buyers. Due to this issue, the bike industry in particular warrants the government’s attention.