Like Toyota, Pak Suzuki has also decreased the prices of its cars after the USD saw a drop in the international market.
Here are the updated Suzuki car prices in Pakistan effective from 16th August 2022.
|Existing Prices – PKR||Decrease – PKR||New Price – PKR|
|Swift GL M/T||3,349,000||169,000||3,180,000|
|Swift GL CVT||3,599,000||179,000||3,420,000|
|Swift GLX CVT||3,959,000||199,000||3,760,000|
|Wagon R VXR||2,549,000||128,000||2,421,000|
|Wagon R VXL||2,699,000||135,000||2,564,000|
|Wagon R AGS||2,949,000||147,000||2,802,000|
The price drops are basically an incentive for potential customers to start booking and buying the cars again. An ordinary and featureless car like the Cultus crossed the 3 million mark and the new Suzuki Swift crossed 4 million. Keep in mind 4 million was the price of a Toyota Corolla one 2-3 months back. The has seen some drastic decline in the last week or two thanks to the IMF loan. Until yesterday, the dollar was trading at Rs 213 in the interbank market.
The government is keeping a keen eye on the situation as well. Syed Murtaza Mehmood, Minister for Industries and Production, has pleaded to the Pakistani car assemblers to reduce the prices of their cars as soon as possible. At the meeting held under Auto Industry Development and Export Policy (AIDEP), the minister appreciated Indus Motor’s step to reduce the prices of its cars, and urged other companies to do the same.
The dollar touched almost 250 PKR in the last couple of weeks and during that, almost every car as well as motorcycle maker increased the prices of their products. And although the dollar is coming down, the situation still isn’t great as Pak Suzuki has also announced that their assembly line will remain closed on 18th and 19th August. The companies are still having trouble procuring raw material to assemble cars in Pakistan. Engine, gearboxes, electronic control units are some of main items that are being imported from other countries. Some companies import even sheet metal for some of their models. Koreans and Chinese carmakers are worst in this case since they are not even making a light of their cars locally in Pakistan. They are importing almost everything from other countries.
Although the decrease is not even close to the increase but as they say, something is better than nothing. Let us know what you think in the comments below.