KARACHI – Pakistan’s leading carmaker Suzuki Motor Company has announced a major price hike for its locally assembled cars, days after leading auto giants soared prices.
Pak Suzuki Motors, the assembler of Suzuki brand automobiles in Pakistan, notified new prices for the second time within a month. The new prices will come into effect from February 9 (Thursday).
The new price of Alto VX soared to Rs2,034,000, with a price difference of Rs175,000. The top-of-the-line variant Alto AGS was increased to RsRs2,651,000 with a difference of Rs228,000.
Wagon R VXR saw a price surge of Rs248,000, and the new price soared to Rs2,877,000; Wagon R AGS has been increased to Rs3,348,000. Cultus VXR jacked up to Rs3,326,000, and Cultus AGS stands at Rs3,906,000 with a difference of Rs0.37 million.
Suzuki Swift’s price increased to Rs3,807,000 and Swift GLX CVT increased to Rs4,462,000 with a difference of nearly Rs350,000.
Here are the new prices:
Earlier this week, Suzuki announced the temporary shutdown of its production plant from February 13, 2023, to February 17, 2023. In a disclosure to the Pakistan Stock Exchange Limited, Pak Suzuki Motors notified that it would halt all production from February 13, 2023, to February 17, 2023, citing a continued shortage of inventory level.
With these Non-Production Days, the carmaker will spend 20 calendar days out of 48 not producing vehicles. The company earlier suspended taking new bookings for its two-wheelers starting January 20 for an indefinite period; it also cited import-based supply chain constraints.
Pak Suzuki extends production plant closure
It however maintained that bookings will start again as the situation becomes encouraging.
Besides auto, several other Industries are bearing the brunt in operations amid a huge slump in foreign exchange reserves held by the country’s central bank.
