KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) on Monday gave a price shock of Rs314,000-661,000 while Japanese and Chinese bike assemblers also raised prices citing the soaring cost of imported parts and accessories on account of the massive rupee devaluation.

The price hike appears surprising when PSMCL, with over 50 per cent market share, has already closed down bookings from July 1, citing restrictions on opening letters of credit (LCs) for importing completely knocked down kits. The company in a bourse filing said the State Bank of Pakistan (SBP) decision had adversely impacted the clearance of imported parts which might result in the plant shutdown in near future.

The highest jump was made in Suzuki Swift GLX CVT by Rs661,000 to Rs3.959m from Rs3.298m while the second biggest rise was registered in Cultus AGS to Rs3.379m from Rs2.762m.

Alto VX, VXR and VXL AGS would now be available at Rs1.789mn, Rs2.079m and Rs2.339m as compared to Rs1.455m, Rs1.733m and Rs1.951m.

Cultus VXR and VXL models are now priced at Rs2.879m and Rs3.159m as compared to Rs2.330m and Rs2.564m. The new prices of WagonR VXR, VXL and AGS are Rs2.549m, Rs2.669m and Rs2.949m versus Rs2.084m, Rs2.199m and Rs2.399m.

Swift GL MT and CVT now carry new rates of Rs3.349m and Rs3.299m as compared to Rs2.774m and Rs2.998m.

Bolan Van and Cargo prices have been increased by Rs251,000 to Rs1.579m and Rs1.566mn from Rs1.328mn and Rs1.315mn. Master Changan Motors Ltd has also surged the prices by Rs500,000 in Alsvin models followed by Rs1.399m in Oshan’s two models and by Rs400,000 in Karavan and M9 models.

Regal Automobiles Industries Ltd (RAIL) on Monday raised the price of Prince Pearl car 800cc car to Rs1.920m from Rs1.586m. The new prices of Glory Pro, Glory 1.5T and 1.8 models are Rs6.550m, Rs6.105m and Rs6.256m as compared to Rs5.400m, Rs5.009m and Rs5.160m.

In two-wheelers, Atlas Honda Ltd (AHL) came out with a price rise of Rs5,000-15,000 followed by Rs18,000-20,500 by Yamaha Motor Pakistan Ltd and Rs10,000-16,000 by PSMCL.

The new prices of CD70, CD70 Dream, Pridor, CG125 (red and black), CG125S (red and black), CB125F, CB150F (red and black) and Silver are Rs116,500, Rs124,500, Rs155,900, Rs179,900, Rs179,00, Rs210,000, Rs273,900, Rs228,900 and Rs342,900.

The new rates of Yamaha YB125Z, YB125Z DX, YBR125, YBR125G (red and black) and YBR125G (matt dark grey) effective Monday are Rs273,000, Rs292,500, Rs300,000, Rs312,500 and Rs315,500.

Published in Dawn, August 2nd, 2022