Pak Suzuki announces price increase of by 40,000 rupees

JohnSnow

Minister (2k+ posts)
Pak Suzuki, today, announced that the company would be increasing the prices with a difference of 40,000 rupees on its passenger cars, starting from November 2018.

This is the fifth time that Pak Suzuki has increased the prices of its car this year.

Amidst the rising dollar, the company has increased rupees 40,000 on each car.

This is the fifth time that Pak Suzuki has increased the prices of its car this year. Below mentioned are the revised prices:

suzuki-price-increase.jpeg


However, the previous prices were as follow:

ModelPrevious Price – PKR


Suzuki Wagon R VXR 1,144,000

Suzuki Cultus VXL 1,461,000

Suzuki Swift NAV-MT 1,475,00

Suzuki Swift NAV-AT1,611,000

Suzuki Cultus VXR 1,340,000

Suzuki Wagon R VXL 1,234,000

Suzuki Cultus AGS1,568,000

Amidst the rising dollar, the company has increased rupees 40,000 on each car.

Other than this, in a report submitted by Pak Suzuki, the company’s profit is down by 91% to 95 million rupees in the quarter that ended on 30th September 2018, whereas in the same quarter of the corresponding year, it made a profit of PKR 1.10 billion. The volumetric sales of the company also dropped by 10% as compared to the previous year’s quarter that ended in September.

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Other than this, in a report submitted by Pak Suzuki, the company’s profit is down by 91% to 95 million rupees in the quarter that ended on 30th September 2018, whereas in the same quarter of the corresponding year, it made a profit of PKR 1.10 billion. The volumetric sales of the company also dropped by 10% as compared to the previous year’s quarter that ended in September.

Moreover, Pak Suzuki has already announced discontinuing Mehran from March 2019 and plans to introduce locally manufactured Suzuki Alto 2019 660cc in the country.

Source
 
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arafay

Chief Minister (5k+ posts)
is this an error?

the company’s profit is down by 91% to 95 million rupees in the quarter that ended on 30th September 2018
 

JohnSnow

Minister (2k+ posts)
is this an error?

the company’s profit is down by 91% to 95 million rupees in the quarter that ended on 30th September 2018


No, non-filers cannot buy new cars anymore. Therefore, new car sales plunged during last 3 months.

Used car sales are going good because non-filers can buy already registered used car from private owners and transfer in their name or drive on open transfer letter.
 

kasa_diya

Councller (250+ posts)
Chalo .... something needs to be done about these substandard and highly priced auto cartel in Pakistan.
 

ali-raj

Chief Minister (5k+ posts)
Suzuki is down, because consumers are going for Japanese cars instead of these Tin boxes.
They keep on pumping mehran on the roads and it was bound to happen. I'll be happy, if this Suzuki brand is totally out of Pakistan Market and shuts down it's factories.
 

JohnSnow

Minister (2k+ posts)
Chalo .... something needs to be done about these substandard and highly priced auto cartel in Pakistan.


I don't blame them. Government is the real culprit behind these high prices. Unfair taxation always kills quality and progress.

30-35% of your money goes to fill the pockets of corrupt government machinery.
 

JohnSnow

Minister (2k+ posts)
Suzuki is down, because consumers are going for Japanese cars instead of these Tin boxes.
They keep on pumping mehran on the roads and it was bound to happen. I'll be happy, if this Suzuki brand is totally out of Pakistan Market and shuts down it's factories.


Yes, but one of the problem with Japanese is that mechanics are not available everywhere. Also parts are too costly. Also most of Japanese are accidental damaged cars which they fix and send to Pakistan.

As far local assembled cars you can take them anywhere in Pakistan and you will find a fix for their problems.
 

islamabadi

Minister (2k+ posts)
Predicted this 3 weeks ago... when you dont support your currency....and you sleep while economic terrorists and speculators buy all dollars from market...then this is bound to happen....petrol prices increased by 6% and car prices increased.....electricity prices increased....and you are left looking like dumb idiot....freaking on the job trainers