After Toyota Indus Motor Company (IMC), Honda Atlas Cars Limited (HACL) and Sazgar Engineering Works Limited (SEWL), Pak Suzuki Motor Company (PSMC) has also increased the prices of its cars.
While the company did not cite any reason for the increase, rising inflation and the depreciation of the local currency are the likely culprits. With immediate effect, the increasing car prices are as follows:
|Variants||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
|Alto VXR AGS||2,120,000||2,310,000||190,000|
|Alto VXL AGS||2,223,000||2,423,000||200,000|
|Wagon R VXR||2,421,000||2,629,000||208,000|
|Wagon R VXL||2,564,000||2,789,000||225,000|
|Wagon R AGS||2,802,000||3,059,000||257,000|
|Swift GL M/T||3,180,000||3,479,000||299,000|
|Swift GL CVT||3,420,000||3,742,000||322,000|
|Swift GLX CVT||3,760,000||4,115,000||355,000|
Earlier, Toyota IMC and SEWL raised the prices of some of their cars, possibly triggering the current wave of price hikes. On January 22, 2023, HACL followed suit with a price hike of its own.
With PSMC’s recent announcement, it looks like a new wave of price hikes is in full force.