Pak Suzuki revised rates: Prices increases third time in a year owing to depreciation in Rupees

KARACHI Web/Desk: On Friday, Pak Suzuki Motor Company increased its vehicle prices by around Rs30,000 from June 1.

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This is a in third such hike since the beginning of the year owing to to increasing depreciation of the rupee that makes imports of auto parts expensive.

In a notification issued on Friday, the company announced revised rates of its various vehicle variants.

Both of Suzuki Mehran’s variants, the VX and VXR, got costlier by Rs30,000 and Rs33,000 respectively. The price of Mehran VX went up from Rs709,000 to Rs739,000 while Mehran’s VXR price increased from Rs762,000 to Rs795,000.

The price of Suzuki Swift DLX rose from Rs1.405 million to Rs1.435 million while Swift’s DLX-AT got expensive from Rs1.541 million to Rs1.571 million. The price of Suzuki Cultus VXR was jacked up from Rs1.27 million to Rs1.30 million.

The new price of Wagon-R’s VXL variant would now be Rs1.194 million, up Rs30,000 from Rs1.164 million.

The auto industry reacts to the rupee’s weakness because of its high dependence on imported raw material and auto parts that become expensive as rupees has fallen against major international currencies.

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