Pak Suzuki Motor raises prices by up to Rs322,000

Price revision made to pass impact of rupee’s fall on to consumers

KARACHI: Pak Suzuki Motor Company, a Japanese carmaker doing business in Pakistan for decades, has increased prices by up to Rs322,000 for different vehicle variants, except for its popular Mehran model, in a bid to pass the impact of rupee depreciation on to consumers.

After increasing prices four times in 2018, Pak Suzuki Motor raised prices again - this time in the range of Rs30,000 to Rs322,000 - on the first day of the new year, according to a price list of the company sent to dealers on Tuesday.

“New ex-factory prices are going to come into effect from Tuesday (January 1). The company increased prices of its vehicles due to devaluation of the rupee against the US dollar,” said the company’s circular sent to the dealers.

Pak Suzuki Motor increased the price of WagonR VXR by Rs40,000 to Rs1.224 million, WagonR VXL by Rs40,000 to Rs1.314 million, Cultus VXR by Rs30,000 to Rs1.410 million, Cultus VXL by Rs30,000 to Rs1.531 million and Cultus AGS by Rs30,000 to Rs1.638 million. The company made the highest increase in the 1,000cc vehicles.

Swift DXL-NAV would be available at Rs1.555 million after an increase of Rs40,000, Swift AT-NAV would be available at Rs1.691 million after an increase of Rs40,000 while the new price of APV would be Rs3.04 million after an increase of Rs322,000, according to the notice.

Pak Suzuki Motor enhanced the price of its sub-compact Ciaz MT to Rs2.06 million after an increase of Rs100,000 and Ciaz AT to Rs2.20 million after a rise of Rs100,000.

The company’s compact Vitara GLX AT would be available at Rs3.990 million after an increase of Rs100,000. However, the company did not increase the price of Vitara JLDX MT, which would be sold for Rs2.393 million.

The price of Mehran, popular amongst the middle-income class, remained unchanged but the company had already announced that it would discontinue the model from March 2019 and planned to replace it with Suzuki Alto 660cc.

Published in The Express Tribune, January 2^nd, 2019.

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