Suzuki raises Alto, two-wheeler prices

Published July 8, 2020
The company cited rupee’s depreciation against the dollar which had pushed up the cost of imported parts as the reason for the hike. — Reuters/File
The company cited rupee’s depreciation against the dollar which had pushed up the cost of imported parts as the reason for the hike. — Reuters/File

KARACHI: Pak Suzuki Motor Company Limited (PSMCL) on Tuesday increased the price of Alto 660cc VX model by Rs63,000 to Rs1.198 million from July 7.

The company, without mentioning any reason for the price hike in the letter sent to authorised dealers, said customers, who have already booked the model with full payment, would not be charged the upward price difference.

Earlier, the PSMC also increased prices of two-wheelers by Rs3,000-6,000 on July 1. The new prices of GD110S, GS150, GS150SE, GR150 and GSX150SF are Rs175,000, Rs185,000, Rs202,000, Rs279,000 and Rs579,000 respectively.

N.J. Auto Industries, assembler of the Super Power 70-250cc bike models had also raised prices by Rs1,000-2,000 from July 1. However, on Tuesday, the company revoked the earlier announcement and instead increased the prices by Rs1,200-2,500 for two-wheelers effective from July 10.

The company cited rupee’s depreciation against the dollar which had pushed up the cost of imported parts as the reason for the hike.

Assemblers of Unique bikes also raised prices of 70cc-100cc models by Rs1,200-2,200 from July 10 whereas a number of

other Japanese and Chinese bike assemblers announced price hikes in the range of Rs500-20,000 on July 1.

Published in Dawn, July 8th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.