Alto 660cc VX model, also called the city car, now is not in reach in most of the city dwellers. The price of the car has increased Rs63,000 to Rs1.198 million from July 7, as Pak Suzuki Motor Company Limited (PSMCL) announced a new price list.
PSMC has already increased the price of two-wheelers in the wake of July i.e. 1st July, which is about Rs3,000-6,000. The new prices of GD110S, GS150, GSX150SF are RS175,000, Rs185,000, Rs202,000, Rs279,000 and Rs579,000 respectively.
Whereas, the company did not mention any particular reason for the price hike in the letter sent to authorized dealers. Although, those who have already booked the model with full payment, will not have to pay the upward price difference.
The news of the rise in the price of PSMC’s product also awakes the other industries of vehicles, such as N.J. Auto Industries, assembler of the Super Power 70-250cc bike models has also revised their already raised prices and made it Rs1,200-2500 which was Rs1,000-2,000 according to the report of 1st July. Assemblers of Unique bikes raised the prices of 70-100cc models by Rs1,200-2,200 effective from 10th July. Moreover, the Chinese and the Japanese are not far behind and also announced their new price hikes in the range of Rs500-20,000 on July 1st. The reason which has been given behind the price hikesis rupee’s depreciation against the dollar, and increase the demand of rupees to import the parts of vehicles.
