KARACHI, Feb 16: Pak Suzuki Motor Company Limited (PSMCL) will increase its production by 30 per cent to 110,000 vehicles in 2006 to meet the rising demand in the market.

Speaking at the launching ceremony of locally-assembled Suzuki Liana here on Thursday, PSMCL managing Director and CEO Kenichi Ayukawa said that the company had invested more than Rs1.5 billion and imported latest technology and equipment for the new car.

Liana would replace Suzuki Baleno immediately. The company had already brought in imported Liana 1,600cc from Japan to test the market sentiments. However, the company was introducing the new car in 1,300cc segment and then later on 1,600cc.

Later talking to newsmen, he said that the new car would be available at Rs794,000 without CNG and with factory fitted CNG kit at Rs849,000.

He claimed that the delivery period was being reduced considerably and Suzuki vehicles are now being handed over to customers in eight to nine weeks time.

On the premium issue, he said that it was going down and situation was now better. However, the company cannot control it, he added.