Pak Suzuki Motor Company (PSMC) has announced to increase the prices of its different models by up to Rs. 180,000 in a notification on February 29.
The auto manufacturer increased the prices of the 660cc Suzuki Alto variants by up to Rs 110,000. Following the price hike, Alto VX now costs Rs. 2,331,000, Alto VXR costs Rs. 2,707,000, Alto VXR AGS costs Rs. 2,894,000, and the Alto VXL AGS Rs. 3,045,000.
Suzuki Cultus AGS has experienced the biggest price increase of Rs. 180,000 and its new price is Rs. 4,546,000. Similarly, the prices of Suzuki Swift GL MT and Swift GLX CVT have been increased by Rs. 85,000.
In a statement, Pak Suzuki’s Head of Corporate Affairs, Shafiq Ahmed Sheikh, said that despite the closure of its production plant and various other factors, the company had not increased prices for almost a year.
“Keeping in view the inflation, increased overhead expenses, increased international raw material and accessories costs, and shipment/freight costs, this situation has made it very difficult for Pak Suzuki to maintain the current selling prices,” he added.
“Additionally, especially due to the Red Sea issue, which is beyond our control, it is a very critical time for Pak Suzuki to control prices due to the significant increase in freight expenses and still there is no future information regarding how much longer this matter will persist,” he continued.
Shafiq further stated that the company is compelled to pass on a very minimal portion of this adverse impact through price increases on some of its products. However, according to the Pak Suzuki official, the major portion of the increased burden will still be borne by the company.
And they expect sales to pick-up?? 😂😂😂
I dont blame Suzuki for this monopoly. I blame the government of Pakistan and all Government regulators that are miserably failed in controlling Car mafia. Car manufacturers will continue to do that as our inept government is clueless to control the current situation.
Look at India where car prices are almost half than in Pakistan. Their government is sincere to their people and they have developed rules, regulations and developed an environment of competition. But Pakistani government is clueless.
We as a nation are equally responsible. Why people are buying these junks?
By any means alto vxl ags should never be more than 1 million with the present built quality.
Drown and die, Pakistanis, the curse is on this company and on the people, the haram money goes out in the same way
mostly people claimed that Japanese are very hard working and honest nation in the world. that is totally wrong. Japanese are most corrupted and dishonest nation in the world. if no one believe then must see how Toyota, Suzuki and Honda do business in Pakistan.