Suzuki, widely regarded as Pakistan’s premier automaker, has raised prices four times so far in 2023. The Suzuki Swift now costs Rs. 4.72 Million, which is a significant increase from its former price, as a result of the most recent price increase, which was brought on by the same issues affecting the industry as a whole. In general, the rise in car prices in Pakistan has made it more difficult for customers to buy a car and has had a big influence on the nation’s auto sector.
The price increase is due to several elements, including the rising cost of production and raw materials and the ongoing pandemic that has hampered supply chains and resulted in a shortage of components. As a result, the price of making cars has increased, and this expense is eventually passed on to the consumer.
In Pakistan, a number of reasons have contributed to the rise in car prices during the past year. With a considerable increase of Rs. 263,000, Pak Suzuki Motor Company and Toyota Indus Motor Company have both increased their pricing. This indicates that the cost of owning a car has gone up for the average person as automakers have passed on their rising costs to buyers.
The Suzuki Swift continues to provide excellent value for money, despite the new price’s seeming heft. It still holds a strong position in the competitive compact car market because of its effective engine, nimble handling, and contemporary amenities. Long-term investors will benefit from this investment because it is also anticipated to maintain a high resale value.
