Suzuki Alto price likely to go up by Rs 1 Lac from 1st August!!

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Pak Suzuki to increase Alto prices in the upcoming days!!

During the past few months, pricing strategies in the auto sector of Pakistan has displayed significant and mostly increasing patterns. In response to the high imposed taxes, rupee devaluation and impose FED on cars, automotive companies have increased their prices for each car model.


Suzuki Alto 660cc Launch Prices
VX 999,000
VXR 1,101,000
VXL 1,295,000

However, great things come with great prices and especially in the developing countries like Pakistan where automotive sector is suffering. According to industry sources; Pak Suzuki will further increase prices for their Alto car models in upcoming days. According to industry sources, each of the above mentioned numbers will be hiked above 1 Lac in addition to their current prices which may apply from August 1, 2019. Assemblers say that owing to the rupee devaluation and high duties levied on the automotive sector, price hikes are now the major source of coping up with the cost. Keeping in mind the current situation of Pakistan, the future of every business seems to doom with every passing day. Specifically the auto industry has been facing major obstacles in running smooth.

While in the last month, Honda, Toyota and Suzuki already increased their prices, there is still much more to know about. With reference to our another blog posted on the website.

https://www.automark.pk/pak-suzuki-raises-car-prices-of-various-models-in-pakistan/

Pak Suzuki Motor Company Limited (PSMCL) initially raised prices of vehicles by Rs 40,000-329,000 including a hike in prices of Mehran 800cc. The company in its letter issued to the authorized dealers attributed the price hike to negative exchange rate impact on account of recent rupee devaluation and new duties/taxes/federal excise duty levied by the government in the fiscal budget.
Recently, a new category of Alto by Pak Suzuki got hype for its fuel efficiency and adaptability feature. Alto 660cc which is locally manufactured passenger car stole the show in auto industry.
The brand new 600cc car has a R-series engine, with a modern exterior and interior both. There are three variants of this Alto; Alto VX which is without AC, Alto VXR which is with AC and Alto VXL AGS which has AC and automatic transmission. Each variant’s introductory price is given below:
Suzuki Alto 660cc Launch prices
VX 999,000
VXR 1,101,000
VXL 1,295,000

However, great things come with great prices and especially in the developing countries like Pakistan where automotive sector is suffering. According to industry sources; Pak Suzuki will further increase prices for their Alto car models in upcoming days.According to industry sources, each of the above mentioned numbers will be hiked above 1 Lac in addition to their current prices Assemblers say that owing to the rupee devaluation and high duties levied on the automotive sector, price hikes are now the major source of coping up with the cost. Keeping in mind the current situation of Pakistan, the future of every business seems to doom with every passing day. Specifically the auto industry has been facing major obstacles in running smooth operations lately. Stating that, Government needs to take proper measures and make business friendly laws in order to promote country’s economic growth.

By Amara Aqsa / Hanif Memon

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