Pak Suzuki Motor Company Ltd. (PSMCL) raised the prices of various models by Rs 115,000–Rs 355,000 on Tuesday.
Earlier, Honda Atlas Cars Ltd (HACL) and Indus Motor Company (IMC) had raised the prices by Rs 300,000–Rs 550,000 and Rs 280,000–Rs 1.2 million, respectively.
Alto VX, VXR, VXR AGS, and AGS prices have increased by Rs160,000-200,000 to Rs1.859 million, Rs2.156 million, Rs2.310 million, and Rs2.423 million, respectively, from Rs1.699 million, Rs1.976 million, Rs2.120 million, and Rs2.223 million.
WagonR R VXR, R VXL, and R AGS models now cost Rs2.629m, Rs2.789m, and Rs3.059m, respectively, after a price increase of Rs208,000-257,000. Lastly, Suzuki Cultus(AGS) for Rs. 3.56 Million after Price Hike.
The worsening economic crisis has badly affected the auto sector, as the country’s leading carmaker, Suzuki, has not produced even a single vehicle in 2023.
The other leading players are also facing the severe impact of the deteriorating situation, witnessing several non-production days every week.