Pak Suzuki has increased the prices of its vehicles. Yesterday, Pak Suzuki has sent the notices to its authorized dealers stating the new prices.
The company has made an increase of Rs 45,000 in the price of Suzuki Mehran VXR, obviously adding no new functionality, design change or a new feature. The new price tag of Suzuki Mehran VXR is Rs. 840,000 exclusive of all taxes that is ex. factory price.
The manufacturer is stating that price changes are due to the price hike and regulatory changes. It is worth noting that this is going to be the fourth time that Suzuki has increased the car prices in this very year.
Moreover, Pak Suzuki has already announced that it will halt the production of Suzuki Mehran VX variant, the base version, from November end, this year. The company has also posted its profit for the last quarter and according to it, its net profit is down by a massive 43% to PKR 394 million but it is still less than the profit cut faced by Honda atlas in the previous fiscal quarter.
Pak Suzuki has also increased the prices of its other vehicles. Suzuki Bolan, Suzuki Bolan Cargo, Suzuki Swift NAV-MT, Suzuki Swift NAV-AT, Suzuki Cultus VXR, Suzuki Wagon R VXL, Suzuki Wagon R VXR, Suzuki Cultus VXL are the vehicles getting a price increase from today.
Suzuki Ravi, the classic pickup, is the only vehicle that didn’t get any price increase. Keeping in view Suzuki’s latest move, perhaps Honda Atlas, Toyota IMC, and Al-Haj FAW might also surge the prices of their vehicles, eventually.
Pakistan is hoping some new manufacturers to enter the market in a couple of years. It will not only boost the industry but will also provide the consumers with many options and the competition will make these car giants to lower their prices.