Pak Suzuki Motor Company (PSMC) has increased the prices of its motorcycles for the fifth time in 2023. While the automaker did not cite a particular reason, the recent inflation is likely the cause.
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. With effect from May 9, the new ex-factory prices of PSMC bikes will be as follows:
Model | Old Price (Rs.) | New Price (Rs.) | Increase (Rs.) |
GD 110S | 322,000 | 335,000 | 13,000 |
GS 150 | 350,000 | 364,000 | 14,000 |
GSX 125 | 469,000 | 488,000 | 19,000 |
GR 150 | 501,000 | 521,000 | 20,000 |
Pak Suzuki continues to face operational hiccups, forcing it to announce another round of non-production days (NPDs) in May 2023.
In an official notice to the Pakistan Stock Exchange (PSX), the company cited inventory shortage as a reason for the car and bike assembly plant shutdown, which will take place from May 2 to May 9, 2023.
This means that the price hike on the same day as the production resumption is not a coincidence.