Pak Suzuki Announces its Third Price Hike of 2022

Pak Suzuki Motor Company (PSMC) has announced a significant price increase for some popular automobiles. PSMC has raised prices for the third time this year, not to be beaten by its Japanese competitors.

The most recent price increase spans from Rs. 40,000 to Rs. 129,000. Suzuki’s new pricing is as follows, effective immediately:

Variants Old Price (Rs.) New Prices (Rs.) Increase (Rs.)
Alto
Alto VX 1,425,000 1,475,000 50,000
Alto VXR 1,675,000 1,733,000 58,000
Alto VXL 1,886,000 1,951,000 65,000
Wagon R
Wagon R VXR 2,019,000 2,084,000 65,000
Wagon R VXL 2,129,000 2,199,000 70,000
Wagon R AGS 2,319,000 2,399,000 80,000
Cultus
Cultus VXR 2,250,000 2,330,000 80,000
Cultus VXL 2,474,000 2,564,000 90,000
Cultus AGS 2,662,000 2,762,000 100,000
Swift
Swift GL M/T 2,694,000 2,774,000 80,000
Swift GL CVT 2,908,000 2,998,000 90,000
Swift GLX CVT 3,169,000 3,298,000 129,000
Bolan/Ravi
Bolan VX 1,283,000 1,328,000 45,000
Bolan VX AC 1,370,000 1,415,000 45,000
Ravi 1,216,000 1,256,000 40,000

The price increases result from increased raw material and transportation prices, a weakening local currency, and a Federal Excise Duty (FED) rate increase for locally produced automobiles up to 1300cc. The latest round of price increases is in full swing, which indicates that more price increases are on the way.

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