Pak Suzuki Motor Company (PSMC) has increased the prices of its motorcycles for the first time in 2023. While the automaker did not cite a particular reason, the recent jump in dollar value is the likely factor.
PSMC also hasn’t updated the prices on its official website. However, a 3S dealership has told ProPakistani that the company has notified new prices for its two-wheelers. Effective February 1, the new ex-factory prices of PSMC bikes will be as follows:
Model | Old Price (Rs.) | New Price (Rs.) | Increase (Rs.) |
GD 110S | 244,000 | 264,000 | 20,000 |
GS 150 | 266,000 | 286,000 | 20,000 |
GSX 125 | 359,000 | 384,000 | 25,000 |
GR 150 | 385,000 | 410,000 | 25,000 |
PSMC’s bikes have become unaffordable for most buyers at their new prices. Chinese bikes may still be an option in terms of price. However, they have their own problems such as weak aftersales services, build quality issues, reliability concerns, and weak resale value.
Industry reports state that Pakistan has achieved up to 90% localization in bike manufacturing. Unfortunately, this localization is not good for people if they still have to pay huge money for barebones bikes.