According to information obtained on Monday, Pak Suzuki, the manufacturer with the largest market share in the nation, has increased car pricing as of August 1 in line with other automakers.
The Swift GLX CVT variant, which is the top of the line, saw the greatest price increase of all the vehicles, going up by Rs661,000. The 1,200cc hatchback is currently available for Rs3.959 million.
Alto’s entry-level VX variant’s price has increased by Rs314,000. The vehicle is now priced at Rs1.789 million.
Suzuki customers are particularly price conscious, according to auto industry expert Ahmed Lakhani. Since it previously increased car pricing, the business seems to have passed on the least amount of rupee depreciation. While the corporation has generally raised prices by 20%, the rupee has declined significantly more.
According to Lakhani, as the value of the rupee declines, the auto industry must deal with greater energy and transportation costs in addition to a rise in the cost of imported auto parts.
Even though automakers are raising costs, Lakhani said he does not anticipate a significant decline in demand, and he added that even the State Bank of Pakistan’s limits on vehicle financing are not expected to have a significant impact on car sales.
“Toyota’s sales may fall to 55,000 automobiles if it has been selling 60,000 to 65,000 vehicles annually. There won’t be anything more.
However, he added, “LC opening limits may mean that the supply side remains constrained.” “Therefore, supply side difficulties could cause a decline in car sales.”