KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) on Friday increased the prices of two-wheelers by Rs8,000-15,000 and four-wheelers’ by Rs99,000-1.615 million.
The company in its circular to authorised dealers said that the new price of Alto VX, VXR and AGS models is Rs1.425m, Rs1.675m and Rs1.886m. Wagon VXR, VXL and R AGS models now carry a new price of Rs2.019m, Rs2.129m and Rs2.319m.
The new rates of Cultus VXR, VXL and AGS are Rs2.250m, Rs2.474m and Rs2.662m while Ravi carries price of Rs1.216m.
Swift GL MT, GL CVT and CLX CVT prices have been fixed at Rs2.694m, Rs2.908m and Rs3.169m while Bolan Van, Cargo and Bolan AC models are now available at Rs1.283m, Rs1.270m and Rs1.370m. Jimny and APV imported models are now priced at Rs6.049m and Rs6.290m. In two-wheelers, the new price of Suzuki GD110S, GS150, GS150SE and GR150 is Rs207,000, Rs225,000, Rs242,000 and Rs330,000.
Muqeet Naeem of Iqbal Ismail Securities said the automobile assemblers across the board have raised the prices by an average 9.4pc in March 2022 to pass on the cost pressures emanating from the continuous rupee devaluation against the dollar, rising freight charges and an uptick in commodity prices.
The highest price jump of 30-36pc was witnessed in Cultus, Wagon-R and Picanto, while the lowest price increase was recorded in SUVs such as Sportage and Tucson in the range of 14-17pc.
