The much-welcomed wave of vehicle price cuts continues as the Pak Suzuki Motor Company (PSMC) also announced a reduction. Following a reduction in the US Dollar exchange rate (USD) compared to June 29, Toyota Indus Motor Company (IMC) has reduced the prices of its vehicles, and PSMC has just followed suit.
Effective immediately, the new prices are as follows:
|Variants||Old Price (Rs.)||New Prices (Rs.)||Increase (Rs.)|
|Wagon R VXR||2,549,000||2,421,000||128,000|
|Wagon R VXL||2,699,000||2,564,000||135,000|
|Wagon R AGS||2,949,000||2,802,000||147,000|
|Swift GL M/T||3,349,000||3,180,000||169,000|
|Swift GL CVT||3,599,000||3,420,000||179,000|
|Swift GLX CVT||3,959,000||3,760,000||199,000|
It bears noting that PSMC recently increased the prices significantly, which pushed its cars out of reach for most buyers.
Although the company has announced a minor price cut, the prices are still well above what they were prior to the latest hikes. Still, it is a promising step that will likely prompt other carmakers to follow suit.