Suzuki hikes prices of its cars by over Rs. 355,000

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:

VariantsOld Price (Rs.)New Price (Rs.)Increase (Rs.)
Alto VX1,699,0001,859,000160,000
Alto VXR1,976,0002,156,000180,000
Alto VXR AGS2,120,0002,310,000190,000
Alto VXL AGS2,223,0002,423,000200,000
                                                                                           Wagon R
Wagon R VXR2,421,0002,629,000208,000
Wagon R VXL2,564,0002,789,000225,000
Wagon R AGS2,802,0003,059,000257,000
Cultus VXR2,754,0003,039,000285,000
Cultus VXL3,024,0003,339,000314,000
Cultus AGS3,234,0003,569,000335,000
Swift GL M/T3,180,0003,479,000299,000
Swift GL CVT3,420,0003,742,000322,000
Swift GLX CVT3,760,0004,115,000355,000
Bolan VX1,500,0001,619,000119,000
it looks like a new wave of price hikes is in full force

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.



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