Rising cost of production: Suzuki Motor too jacks up prices

The manufacturer and assembler of Suzuki vehicles in Pakistan joined the list of those increasing the prices as a depreciating rupee and high cost of production is affecting the industries in the country, with the consumers being the ultimate victim.

However, the company spokesperson claimed that they had passed on a minimal portion of rising overheads and economic uncertainty to the consumers.

As a result of this move, Pak Suzuki Motor Company Ltd (PSMCL) on Tuesday jacked up the prices of various models by Rs0.15 million to Rs0.35 million.

Earlier, Honda Atlas and Indus Motor – the company dealing with Toyota – had raised the prices by Rs0.3 million to Rs0.55 million and Rs0.28 million to Rs1.2 million respectively.

Hence, the new price of Alto VX, VXR, VXR AGS and AGS has been enhanced to Rs1.859 million, Rs2.156 million, Rs2.310 million and Rs2.423 million as compared to Rs1.699 million, Rs1.976 million, Rs2.120 million and Rs2.223 million – resenting an increase of Rs0.16 million to Rs0.20 million.

After a jump of Rs0.21 million to Rs0.26 million, the new rate of WagonR R VXR, R VXL and R AGS models is Rs2.629 million, Rs2.789 million and Rs3.059 million.

Suzuki Cultus VXR, VXL and AGS now carry new prices of Rs3.309 million, Rs3.339 million and Rs3.569 million, showing a rise of Rs0.28 million to Rs0.33 million.

The new retail prices of Suzuki GL MT, GL CVT and GLX CVT have been fixed at Rs3.479 million, Rs3.742 million and Rs4.115 million which is an increase of Rs0.299 million to Rs0.355 million.

Suzuki Ravi and Ravi without deck models would be sold at Rs1.539 million and Rs1.464 million as compared to Rs1.424 million and Rs1.349 million, up by Rs0.115 million each.

On the other hand, the new prices of Bolan Van and Bolan Cargo are Rs1.619 million and Rs1.606 million with a rise of Rs0.119 million.

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