Pak Suzuki Motor Company Limited boosted the price of Alto 660cc VX model by Rs63, 000 to Rs1.198 million from Tuesday July 7’ 2020.
Pak Suzuki Motor Company is a car manufacturer in Pakistan that is licensee of a Japanese auto manufacturer SUZUKI. The Suzuki company increases Alto car and Suzuki motorcycles prices at the same time.
It is the Pakistani maker and supplier of Suzuki ‘s cars and their affiliates and overseas divisions. Today, Pak Suzuki is Pakistan’s biggest automobile manufacturer.
The company was established by the Government of Pakistan and SUZUKI Motor Japan in September’ 1982.
Through 2012, the Suzuki Mehran, which was manufactured in Pakistan, remained potentially the last vehicle in the world to use a combustible engine. But Suzuki Mehran was fitted with EFI engines by the end of 2012, to meet the old Euro-II emissions requirements. The car continues to be manufactured through 2017. Pak Suzuki also invests in an automotive glass production company as a joint venture.
Since 2018, over 150,000 cars and light commercial vehicles are produced by Pak Suzuki Motor.
Suzuki Manufacturers Increases ALTO, Motorcycles Prices
The organization does not charge upward premiums for customers who already booked the model with full payment without stating some justification for the price increase in the letter to the approved distributors.
Previously, on 1 July, the PSMC was also raising the price of Rs3000-6000 two-wheelers. New prices are Rs175,000, Rs185,000, Rs2002,000, Rs279,000 and Rs579,000 respectively for GD110S, GS150, GS150SE, GR150 and GSX150SF.
Note: N.J. From July 1, the Super Power 70-250cc manufacturer of the Super Power bike designs also had prices increased by Rs1,000-2000. The company reversed the previous statement on Tuesday, however, afterwards, with starting July 10, raising its prices by Rs1,200-2,500 for the two-wheelers.
The company cited the weakening of rupee against the dollar, the reason for the change being the increase in the cost of imported pieces.
Motorcycles Prices in Pakistan
Unique motorcycles manufacturers have increased prices by 1200-2200 from 10 July for 70cc-100cc models, while a number of other Japanese and Chinese bike assembly announced increase in prices from Rs500 – Rs20, 000.
In Alto, the two-time price rise indicates a full-blown growth in demand for PSMCL following the loss of revenue for WagonR and other versions.
Suzuki started production of Alto at a cost of Rs 1,101 million and Rs 1,295 million respectively in June with announcing VXR and Alto AGS versions. A increase in the price of 137,000Rs and 138,000Rs came in on August 1. The Rs1.308 m and Rs1.518 m VXR and AGS models are now on sale.
The company did not offer any justification to raise the price in a circular to its registered dealers. However, the price increase was not for old current requests booked with conditional advance payment and/or for orders where customers had struggled in the appropriate time to deposit their balance amount.
Alto was the blessing of Suzuki at a time of Non-Production Times witnessed by all producers. In spite of the huge sales decline in WagonR, and the flat sales in Bolan, Ravi, Cultus and Swift. Suzuki had not noted any NPDs yet during July-September.
Amazingly, in the midst of consistency in rupee-dollar competitive balance between August and September. The raise in Alto prices took markets by surprise. Car manufacturers had increased rates in response to the fall of the rupee against the dollar.
There was no justification for the price increase in the PSMCL circular issued to the dealers.
Suzuki ‘s sales in 2MFY20 fell to 3,162 units in the same fiscal year last year out of 3,738 units. However, the sales of the two-wheeler company enhanced to 23,352 in FY19, compared to 21,724 in FY18.
In the face of this unpleasant outlook, the local automobile assemblers slowed the import of semi-crashed kits. (CKD / SKD) are for cars up to $123 m by 15.5pc in July-August. The gross CKD / SKD import for motorcycle assembly has fallen to $13 m by 25 pc.