Dollar, policy rate drive Suzuki car prices higher

With the continuous increase in the dollar value against Pakistani rupee and the high policy rate, three major auto manufacturers have increased prices of their vehicles, giving a jolt to consumers already reeling from a soaring inflation.

After Indus Motor and Honda Atlas Cars, Pak Suzuki Motor Company has jacked up prices of its vehicles in the range of Rs115,000 to Rs355,000.

According to the new price list of Suzuki variants, the price of Alto VX has gone up by Rs160,000 and the vehicle will now cost Rs1,859,000.

The price of Alto VXR has been increased by Rs180,000 which reached Rs2,156,000 while the price of Alto VXR AGS has been raised by Rs190,000 to Rs2,310,000.

Alto AGS has become expensive by Rs200,000 as the company has set its new price at Rs2,423,000.

In rate revision for another variant, Pak Suzuki Motor has raised the price of Cultus VXR from Rs2,754,000 to Rs3,039,000, an increase of Rs285,000, while the price of Cultus VXL has been pushed to Rs3,339,000 compared to the existing Rs3,024,000, a rise of Rs315,000. Apart from these, the purchase price of Cultus AGS, with an increase of Rs335,000, has reached Rs3,569,000.

Pak Suzuki’s WagonR is no exception. Its price for the VXR variant has been raised by Rs208,000 to Rs2,629,000 while the price of WagonR VXL has now become Rs2,789,000, with a rise of Rs225,000. WagonR AGS will cost customers Rs3,059,000, an increase of Rs257,000.

Pak Suzuki has pushed up the price of Swift GLMT by Rs299,000 to Rs3,479,000, that of Swift GL CVT by Rs322,000 to Rs3,742,000 and Swift GLX CVT by Rs355,000 to Rs4,115,000.

Published in The Express Tribune, January 25^th, 2023.

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