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In what the company titled “limited time offer”, Pak Suzuki Motor Company announced a price decrease of up to Rs710,000 for its Swift variants.

“Keeping in view the prevailing market conditions and dynamics, we are pleased to announce the promotional retail sales prices of Suzuki Swift w.e.f. May 01, 2024,” read the notice.

With the latest revision, Swift GL MT will now be sold at Rs Rs4,336,000, with a drop of Rs85,000 from its previous price Rs4,421,000.

25% sales tax: Pak Suzuki increases price of Swift GLX CVT in Pakistan by Rs304,000

Swift GL CVT will now be available at Rs4,560,000 after a decline of Rs159,000 from its previous price Rs4,719,000.

The largest fall in prices was witnessed in Swift GLX CVT, which reduced from Rs5,429,000 to Rs4,719,000, a decrease of Rs710,000.

The revised retail prices are inclusive of FED and Sales Tax and exclusive of Advance Income Tax, read the notice.

“We have reduced the prices of Suzuki Swift on all variants but only for a limited time period,” Shafiq Ahmed Shaikh, Head of Corporate affairs Pak Suzuki Motor Company, told Business Recorder.

The official cited the company’s decision to “return to economic stability and no currency fluctuation”.

‘Leak of corporate data’: Cyber-attack hits Pak Suzuki Motor Company

Moreover, the continuation of policies by the government and the Special Investment Facilitation Council (SIFC) is also playing a part, said Shaikh.

“Above all, the imposition of no further taxes from the government is also supporting the industry”.

On Monday, Lucky Motor Corporation announced a massive decrease in the price of KIA’s Stonic EX+ in Pakistan.

With the latest revision, KIA’s Stonic EX+ would now be sold at Rs4,767,000, with a drop of Rs1,513,000 from its previous price Rs6,280,000.

The price revision takes effect from April 29.

Mohammad Abrar, auto analyst at Arif Habib Limited, said the decision has been taken to revive demand and capture more market share as the struggling automobile market looks to become more competitive.

Comments

200 characters
Arshad May 02, 2024 03:55pm
These TIN boxes needs to be in rage of under 2M PKR.
thumb_up Recommended (0) reply Reply
mustafa May 02, 2024 05:34pm
@Arshad, go and produce on your own ...
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Maqbool May 02, 2024 05:55pm
These tin box were rs 1.4m , 3 years ago, I bought one. These cars guys are earning profits of billions , look up their balance sheets, yet Islamabad allows them to charge what they want. Wonder why?
thumb_up Recommended (0) reply Reply
Waheed May 02, 2024 07:00pm
With this dip both swift and stonic are almost in same price bracket and now in comparison to features Stonic is a better option
thumb_up Recommended (0) reply Reply
Faraz May 02, 2024 09:14pm
@mustafa, poo
thumb_up Recommended (0) reply Reply
mustafa May 03, 2024 12:13am
@Maqbool, are u kidding me ??? I trade in stock market and have seen continuous losses for many quarters for PSMC ... kindly read some reports too ...
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KhanRA May 03, 2024 01:04am
@Maqbool, the market should dictate prices. Not government. Don’t create more pathways for corruption.
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Suzuki Loever May 03, 2024 02:50am
Suzuki company internal mismanagement is costing us to buy this tin daba for 5 million
thumb_up Recommended (0) reply Reply
Usman May 03, 2024 11:01pm
Swift and atomic are note more than 2.5 million worth.People need to stop buying this junk and look for Chinese cars which come with lots of features
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