The latest price hikes have radically altered the complexion of Pakistan’s auto sector. Most noticeably, A-segment cars have seen a massive bump in price and have become out of reach for a majority of car buyers.
For a long time, Suzuki Wagon R has been a consistent performer in Pakistan in terms of sales, with value for money being its calling card. However, following the latest price bump, its demand may diminish, which also holds true for its competitors.
Here’s how much the prices of Wagon R and its competitors have gone up since August 2021 (or since launch):
Suzuki Wagon R | |||
Variants | Price in August 2021 (Rs.) | Prices in August 2022 (Rs.) | Increase (Rs.) |
VXR | 1,530,000 | 2,549,000 | 1,019,000 |
VXL | 1,610,000 | 2,699,000 | 1,089,000 |
AGS | 1,760,000 | 2,949,000 | 1,189,000 |
Suzuki Cultus | |||
VXR | 1,655,000 | 2,879,000 | 1,224,000 |
VXL | 1,830,000 | 3,164,000 | 1,334,000 |
AGS | 1,975,000 | 3,379,000 | 1,404,000 |
Proton Saga | |||
Standard Manual | 1,925,000 | 2,824,000 | 899,000 |
Standard Automatic | 2,075,000 | 2,999,000 | 924,000 |
ACE Automatic | 2,175,000 | 3,149,000 | 974,000 |
Kia Picanto | |||
Manual | 1,781,000 | 3,100,000 | 1,319,000 |
Automatic | 1,922,000 | 3,200,000 | 1,278,000 |
An Industrywide Problem
Earlier this month, Honda Atlas Cars Limited (HACL) held an analyst briefing that highlighted its future prospects. The company foresaw an up to 35 percent decline in sales due to supply-chain challenges.
Furthermore, HACL, Toyota Indus Motor Company (IMC), Pak Suzuki Motor Company (PSMC), Kia Luck Motor Corporation (KLMC), etc. are observing non-production days due to a delay in the letter of credit (LC) approval for the CKD imports.
Also, the latest data from Pakistan Automotive Manufacturers’ Association showed a massive decline in July 2022 sales. PSMC, IMC, and HACL observed up huge drop in sales, while Hyundai Nishat Motor Company Limited (HNMPL), didn’t sell a single unit of Elantra and Sonata last month.
The industry experts expect a further decline in sales in the future due to devastating inflation, price hikes, and the ongoing production crunch.
Let their pathetic quality cars rot for a month and see a mindset change of tbese manufacturers and on mafia. Just one month
Suzuki Wagon R
Variants Price Aug-21 Price Aug-22 Increase $
$ @ 164 $ @ 215
VXR 9,329 11,856 2,527
VXL 9,817 12,553 2,736
AGS 10,732 13,716 2,985
Suzuki Cultus
VXR 10,091 13,391 3,299
VXL 11,159 14,716 3,558
AGS 12,043 15,716 3,674
Proton Saga
Manual 11,738 13,135 1,397
Automatic 12,652 13,949 1,296
ACE 13,262 14,647 1,384
Kia Picanto
Manual 10,860 14,419 3,559
Auto 11,720 14,884 3,164
Sir Rates Utarne Ke Chancess Hai ?? ya Filhal Nahi
Suzuki Wagon R Variants AGS
Price in Aug 2021 (A) 1,760,000
Price in US $ (A / 164) 10,732
Prices in Aug 2022 (B) 2,949,000
Price in US $ (B/ 215) 13,716
Increase in US $ (B-A) 2,985
Increase in prices of vehicle Suzuki Wagon R unrealistic now Dollar rates cut company should be cut in prices in vehicles
Koi puchne wala nahi in mafias ko