Pakistan Suzuki Car Prices Hikes as the company has increased its top-of-the-line Vitara SUV price by Rs1 million and it will now be selling at Rs6.55 million.
The price of Suzuki’s new Jimny has been jacked up by Rs0.5 million and the jeep style car will now be selling at Rs4.49 million.
Both the Vitara and Jimny are not assembled in Pakistan and Pak Suzuki imports these two cars to sell in Pakistan markets.
The company has also increased the prices of its Cultus cars. The Cultus AGS price has crossed the Rs2 million mark after its price increased by Rs45,000. It will now be selling at Rs2.03 million.
Meanwhile, other Pakistan Suzuki Car Prices Hikes as the price of the Cultus’ lower variants VXR and VXL prices have been jacked up by Rs35,000 each and the new prices of the two cars are Rs1.78 million and Rs1.9 million respectively.
Previously, The prices of Pak Suzuki’s best-selling models GS150SE and GR150 were also increased by Rs5,000 to Rs190,000 and Rs284,000 respectively. Similarly, the price of the GD110S model was increased by Rs3,000 to Rs178,000.
In July 2020, Pak Suzuki reported a 40 per cent decline in sales compared to July 2019, despite its competitors Indus Motor Company (IMC) and Honda Atlas reporting 68 per cent and 46 per cent growth respectively during the same period.
Since March 2020, Pakistan’s automotive manufacturers have cut down production levels due to reduced demand induced by the Covid-19 economic slowdown.
Overall, the automotive industry reported an 8 per cent decline in sales to 11,501 units during July 2020, according to the Pakistan Automotive Manufacturers Association.
However, during July 2020, car sales in Pakistan jumped by 36 per cent on a month-on-month basis for all of the three main car assemblers as the government eased lockdown restrictions.