After IMC and Honda, Pak Suzuki jacks up car prices

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Following Indus Motor Company (IMC) and Honda Atlas, Pak Suzuki has become the latest to jack up car prices across its entire line-up.

Companies are citing a weakening rupee and rising freight charges as the reasons for the price-increase. Interestingly, Pak Suzuki has also jacked up rates on its Swift model, which it launched in February. “The automobile assemblers across the board have increased prices by an average 9.4% in Mar-22 to pass on the cost pressures emanating from the continuous PKR devaluation against USD, rising freight charges and an uptick in commodity prices,” Muqeet Naeem, an analyst at Ismail Iqbal Securities, said in a note.

Honda Atlas increases car prices by as much as Rs400,000 Pak Suzuki’s new prices came into effect on April 1, 2022.

Alto VX has seen a price hike of Rs119,000. The new price is Rs1,425,000 against the old one at Rs1,306,000. The price of Alto VXR has increased by Rs129,000. —Agencies

 

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