Pak Suzuki has brought the new year gift for Pakistanis in the shape of a price bump.
Here are the updated new Suzuki car prices in Pakistan (19th January, 2022).
|Model||Old Price – PKR||New Prices – PKR||Increase – PKR|
|Wagon R VXR||1,760,000||1,877,000||117,000|
|Wagon R VXL||1,852,000||1,975,000||123,000|
|Wagon R AGS||2,024,000||2,158,000||134,000|
Prices of Suzuki Jimny, Vitara, Bolan Cargo, and all Suzuki motorcycles to remain the same as before. Swift has been discontinued and a new model is about to hit the market, maybe as soon as next month, so that is also not included in the list. The new prices are effective from today, i.e. 19th of January, 2022.
The price increase is thanks to the mini-budget that brought an increase of 2.5% in the Federal Excise Duty (FED) on locally assembled vehicles up to 1300cc. New car buyers can expect other automakers to follow suit and increase prices of their cars. Other cars that you can expect to get the price hike include Kia Picanto, new Honda City 1.2L, United Bravo, DFSK Prince Pearl to name a few. All of these have smaller than 1300cc engines.
There is another opinion among the industry experts who hint that some automakers intentionally halt or slow down the production of their cars to artificially increase the demand and in a return encourage the “on” culture on new cars, intentionally or unintentionally. But there is NO proof to prove it and sometimes these are just conspiracy theories so take that with a pinch of salt.
So yes, even if most people disagree and dislike these price hikes, there is so much demand that these companies do not care, as such.