Pak Suzuki Motor Company (PSMC) decided to hike the prices of its various car models by up to Rs355,000, a notification issued by the carmaker said Wednesday.
Earlier on Monday, Honda Atlas Cars— owing to the “uncertain economic conditions” — decided to pass on the burden to its customers by raising the price of its CKD models by up to Rs550,000.
The automobile company said the revised retail sale prices will come into effect from January 25, 2023.
Here is a price breakdown of the models:
Variants |
Old Prices |
New Prices |
Difference |
| Alto VX | 1,699,000 | 1,859,000 | +160,000 |
| Alto VXR | 1,976,000 | 2,156,000 | +180,000 |
| Alto VXR AGS | 2,120,000 | 2,310,000 | +190,000 |
| Alto AGS | 2,223,000 | 2,423,000 | +200,000 |
| Wagon R VXR | 2,421,000 | 2,629,000 | +208,000 |
| Wagon R VXL | 2,564,000 | 2,789,000 | +225,000 |
| Wagon R AGS | 2,802,000 | 3,059,000 | +257,000 |
| Cultus VXR | 2,754,000 | 3,039,000 | +285,000 |
| Cultus VXL | 3,024,000 | 3,339,000 | +315,000 |
| Cultus AGS | 3,234,000 | 3,569,000 | +335,000 |
| Swift GL MT | 3,180,000 | 3,479,000 | +299,000 |
| Swift GL CVT | 3,420,000 | 3,742,000 | +322,000 |
| Swift GLX CVT | 3,760,000 | 4,115,000 | +355,000 |
| Ravi | 1,424,000 | 1,539,000 | +115,000 |
| Ravi w/o Deck | 1,349,000 | 1,464,000 | + 115,000 |
| Bolan Van | 1,500,000 | 1,619,000 | +119,000 |
| Bolan Cargo | 1,487,000 | 1,606,000 | +119,000 |
As per the notification, the revised retail prices are inclusive of FED and sales tax and exclusive of advance income tax.
It added that the prices are subject to change without any prior notice and prices at the time of delivery shall apply.
“Any government taxes and levies applicable at the time of delivery shall be borne by the customers,” said the company.
Shafiq Ahmed, the spokesperson of the PSMC, said that the automobile company has passed a “minimal portion of rising overheads and economic uncertainty” to its customers.
