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Following in the footsteps of other automakers, Pak Suzuki, the company with the biggest market share in the country, has jacked up car prices with effect from August 1, it was learnt on Monday.

The company has raised the price of its top-of-the-line Swift GLX CVT model by Rs661,000, which was the biggest jump across all models. Price of the 1,200cc hatchback is now Rs3.959 million.

Meanwhile, Alto’s basic variant VX price sees an increase of Rs314,000. The car is now marked at Rs1.789 million.

“Suzuki’s customers are very price sensitive,” said Ahmed Lakhani, an auto industry expert. “The company has appeared to have passed on the minimum impact of rupee-depreciation since it last jacked up car prices. The rupee has depreciated much more, while the company has increased prices by 20% on average.”

Lakhani said the auto industry does not only have to face an increase in the price of imported auto parts, but also higher energy and transportation costs as the rupee loses value.

However, Lakhani said he does not see demand dropping too much even as automakers raise prices, adding that even restrictions by the State Bank of Pakistan on auto financing could not slow down car sales.

“If Toyota has been selling 60,000 to 65,000 cars a year, its sales may drop to 55,000 cars. It will not be more than that.

“However, the supply side may remain choked due to restrictions on opening of LCs,” he said. “Therefore, car sales may come down because of supply side issues.”

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Comments are closed.

Ashfaq Sukhera Aug 01, 2022 05:27pm
Kindly reduce price please, everyone has not power purchasing.
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Babar jutt Aug 02, 2022 08:38am
Nice your cars
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Muhammad Ali Raza Aug 02, 2022 09:39am
Assembling of ICE cars should be banned in Pakistan wef 01.07.2025.
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Imtiaz Aug 02, 2022 11:52am
Kindly reduce price
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Asif Raza Aug 02, 2022 01:48pm
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Faiz Ali Awan Aug 02, 2022 06:39pm
Hou price a new cults 2022 Model
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Faiz Ali Awan Aug 02, 2022 06:39pm
Hou price a new cults 2022 Model
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Faiz Ali Awan Aug 02, 2022 06:43pm
Hou price a new cults 2022 Model
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Iftikhar Ahmad Aug 02, 2022 07:45pm
Cars makers in Pakistan have no fear of Allah. Cost price of vehicles is much lower than the price demanded by carmakers. These r vampires. That r sucking our blood silently (LESCO & CARMAKERS). Sadly our all governments r stood with them. Govt supports them. Please run campaign against all these on socail media. Facebook, twitter. Insha Allah we will get rid of these vampires.
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Iftikhar Ahmad Aug 02, 2022 07:48pm
For God sake, reduce prices of vehicles in our beloved Pakistan. For God sake, for God sake......
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Zunnoorain Khan Aug 02, 2022 11:49pm
stop buying Suzuki cars. they are the biggest Mafia in Pakistan
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Fayaz Aug 03, 2022 12:08am
@Imtiaz , then you should travel time
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Pakistan Aug 03, 2022 12:59am
Excellent job, an average Pakistani can barely afford to buy the cheapest new car in the market and you guys have taken that away well, well done.
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Sumera Aug 03, 2022 05:46am
I need a car
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Monawar jamal Aug 03, 2022 07:59am
Yes good price
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Akhtar ali Aug 03, 2022 08:55am
پچھلے تین سال سے گاڑی لینے کی کوشش کر رہا ہوں پیسے جوڑ کر رکھتا ہوں پھر نئی پرائس آ جاتی ہی پھر کم پٹر جاتے ہیں
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Azi Aug 03, 2022 01:58pm
Please reduce these "Teen Daba" prices
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Moazmeen khan Aug 04, 2022 01:02am
گاڑی لینے کی کافی خواہش تھی لیکن خواہش کی شدت بڑھنے کیساتھ ریٹ کو بھی ڈبل گیر لگ گیا ہے لیکن انشاء اللّٰہ امید کافی اللّٰہ جلد دے گا
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نعیم ںھائ Aug 04, 2022 09:59am
Price increase is good.
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Ak khan Aug 04, 2022 12:38pm
Jab mehengi ha to Na kharedo bhai. Jab in ki sale 50% sy neechy ai gi to khud price kum kar den gy. Hmary log Bycot nhi karty jis ki wja sy in companies ko koi farq nhi parta. In ko farq parna chahye
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Anees Qureshi Aug 04, 2022 01:12pm
What about those who paid full advance since early March 22 and are waiting delivery?
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Sheraz Aug 05, 2022 06:25pm
Tareekh gawah he aj tak pakistan kay siasat dano ne pakistan ko itna nahi luta jitna Suzuki aur toyota company ne luta he ye munafa khor kisi aur company ko pakistan me ane he nahi dete
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Sheraz Aug 05, 2022 06:26pm
Ye mafia he bht bara pakistan ka
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Sheraz Aug 05, 2022 06:29pm
Ye sub bekar garia bnate he sara teen dabba he yani chalti phirti maut pta nai kis cheez kay pese lete he aur in gario ko pass kon karta he yaha
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Asadiftikharmalik Aug 05, 2022 07:14pm
Now dollar is going to reverse gear and go to 180 then prices must also be reverse gear and decreased to 30%
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Asadiftikharmalik Aug 05, 2022 07:15pm
Stop stop stop dollar is going to reverse gear don't forget
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Muhammad Ghazali Aug 06, 2022 07:56am
Suzuki is the worst auto assembler in Pakistan due to corrupt rulers and govt officials. Suzuki sells lowest quality autos at highest possible price. Suzuki has no moral, no ethics and business values since they bribe the govt machinery to fleece the poor customers. Corrupt people, corrupt government and corrupt business practice. May God save Pakistan from these vultures. Ameen
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Arshad zaib Aug 06, 2022 08:08pm
100% wright.... Magar ham pakistanio ka yrhi kamal ha rate increase hojaee to or zeadaa kharedoo....
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Sharoz khan Aug 08, 2022 03:20am
All brothers plez bycortt to suzuki motors Then he will understand the power of pakistani people otherwise they increased prizes every day.
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Sharoz khan Aug 08, 2022 03:23am
All brothers plez totally bycortt from suzuki motors then they will understand power of pakistani people otherwise they will increase price every time.
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Shadab Aug 26, 2023 11:22am
Are bhai hamare yaha shift 5 lakh se 8 lakh tak mil jati hai bhai aap kaise g rahe ho
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