Pak Suzuki increases prices on its models by Rs20,000 to Rs45,000

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KARACHI: Following the rupee devaluation of up to 15-17 per cent, Pak Suzuki Motor Company Ltd (PSMCL) has increased its car prices for the fourth-time between Rs20,000 to Rs45,000 – for all models, effective from August 1 2018.

According to a company’s notification received by dealers, PSMCL raised the price of Suzuki Mehran VX model to Rs769,000 from Rs739,000. The said model would be discontinued from November 2018.

The new price of the most popular car Suzuki Mehran VXR has been fixed at Rs840,000 as compared to the previous Rs795,000..

Suzuki Bolan and Bolan Cargo will now cost Rs834,000 and Rs800,000 versus the previous prices of Rs814,000 and Rs 780,000 respectively.

The price of Swift manual transmission and Swift automatic transmission has been raised to Rs1.475 million and Rs1.611 million from Rs1.435 million and Rs1.571 million.

PSMCL said the price hold will not be considered for old pending orders which failed to deposit their balance payment within tentative delivery date of vehicles.

The new price of Cultus VXR has been fixed at Rs1.340 million, Cultus VXL Rs1.461 million and Cultus AGS to be sold at Rs1.568 million.

The retail prices are inclusive of ex-factory product price and freight charges incurred on the vehicle to reach dealership premises.

The company had raised prices of various car models by Rs10,000-20,000 in January, followed by another hike of Rs20,000-50,000 in March and then Rs20,000-30,000 in June this year.

In the two-wheeler segment, the company raised prices by Rs3,000 to Rs6,500.

The price of GR150 has been increased to Rs229,000 from Rs222,500. GD110S will now be available at Rs145,000 instead of Rs139,000 and SD110 Eco at Rs119,900 against its previous price of Rs114,900. Similarly, prices of GS150 and GS150SE have been jacked up by Rs3,000 each to Rs150,000 and Rs170,000, respectively.