By Naveed Wali Khan in News — Apr 6, 2023

Suzuki Pakistan Increase Car Prices Up 2023-Whats New?

Pak Suzuki Increases Car prices for the fourth time in 2023 rising from Rs88,000 to Rs235,000 effective April 2023.

Pak Suzuki Motor Company Ltd raised the prices of their cars for the fourth time this year, effective from April 6. The increased prices vary for various car models and range from Rs88,000 up to Rs235,000. The automobile sector has seen a surge in prices in recent weeks as some days earlier consumers felt the whip of Honda bikes price hike up to Rs10,000 across different variants. The company's cheapest car Suzuki Alto had seen a surge of Rs110,000 to Rs144,000 from Alto VX down the highest to Alto AGS. Whereas, Suzuki Swift had taken a high plunge rising from Rs245,000 from Swift GL MT up Rs263,000 to Swift GLX CV. Suzuki Cultus followed the suit with Cultus VXR price raised up to Rs214,000, Cultus VXL to Rs235,000, and Cultus AGS to Rs251,000.

Suzuki Alto New Prices 2023

Variant	Old Price	New Price
Alto VX	PKR 2,034,000	PKR 2,144,000
Alto VXR	PKR 2,359,000	PKR 2,487,000
Alto VXR AGS	PKR 2,528,000	PKR 2,665,000
Alto AGS	PKR 2,651,00	PKR 2,795,000

Suzuki Cultus New Prices 2023

Variant	Old Price	New Price
Cultus VXR	PKR 3,326,000	PKR 3,540,000
Cultus VXL	PKR 3,654,000	PKR 3,889,000
Cultus AGS	PKR 3,906,000	PKR 4,157,000

Suzuki Swift New Prices 2023

Variant	Old Price	New Price
Swift GL MT	PKR 3,807,000	PKR 4,052,000
Swift GL CVT	PKR 4,092,000	PKR 4,355,000
Swift GLX CVT	PKR 4,462,000	PKR 4,725,000

Suzuki Cars Price Hike Effect on Consumers

Suzuki first announced the increase on January 24 and later on February 9 and had consecutive changes the later month. The causes may be the economic turmoil and instability in the country or the continuous devaluation of the Pakistani currency. Economic upheavals had largely impacted the automobile manufacturers that Toyota-Indus Motor Company, Honda Atlas Cars, Lucky Motors Car Cooperation, and Hyundai Nishat Motor also disclosed a hike in their car prices. This would merely affect consumers, who rely on the cheapest Suzuki variants such as Suzuki Alto, and can influence sales in forthcoming months. Despite the increase in the prices of Suzuki, Suzuki Alto is within the approachable reach of customers looking for affordable cars.

In conclusion, the automobile industry in Pakistan has been experiencing a wave of price hikes, with Pak Suzuki Motor Company Ltd being the latest to raise prices for the fourth time this year. The increased prices will vary across car models and have been met with mixed reactions from consumers. It remains to be seen how this will affect the sales and growth of the automobile industry in the country, but it is clear that consumers are feeling the impact of these price hikes. As the industry continues to evolve, it will be important for companies to balance profitability and affordability for their customers.