LAHORE: Pak Suzuki Motor Company (PSMC) is all set to increase the price of Alto 660cc by Rs100,000 to Rs150,000 from August 1st, sources revealed on Tuesday.
PSMC had launched the much-awaited Alto 660cc at the Pak China Friendship Centre in Islamabad on June 15th.
As per specifications, the car is powered by a 3-cylinder 658cc R06A petrol engine mated to either a 5-speed manual or auto gear shift (AGS) transmission. The hatchback offers a maximum output power of 39hp at 6500 rpm and a torque of 56 Nm at 4,000rpm.
The company launched the car in three different variants; VX, VXR and VXL with price tags of Rs9,99,000, Rs11,01,000, and Rs12,95,000, respectively.
With Pak Suzuki calling it its biggest reveal of the year, Alto 660cc certainly has an uphill task in front, as it has to fill in for the country’s iconic Mehran.
On June 30th, PSMC, in line with rivals Toyota and Honda, also increased the prices of its vehicles, ranging from Rs21,000 to Rs329,000.
The company had jacked up the price of Suzuki Mehran VX by Rs40,000 to Rs839,000. It made Suzuki Mehran VXR costlier by Rs43,000 to Rs923,000 and Suzuki Mehran LE by Rs21,000 to Rs846,000.
“Due to the recent rupee devaluation and its negative impact, and new duties, taxes and federal excise duty (FED) levied by the government, it is extremely difficult for PSMC to hold on to the current retail prices, therefore, we are compelled to pass on the cost impact to the market,” the company had stated while giving reasons for the hike.
PSMC had increased the prices for its vehicles for five times in 2018.