Pak Suzuki Motors announced increased prices for the fifth time in the past 9 months

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Pak Suzuki Motor Company (PSMC) is constantly hiking up in the matter of prices. Once again they have increased the prices of their vehicles. Officially, the prices were made effective today. This increase in prices might lead to a record breaking price surge.

The summary of old and new prices is as below:

CAR NAMEOld Price(PKR)Increased price(PKR)New prices (PKR)
Cultus VXR1,745,00035,0001,780,000
Cultus VXL1,865,00035,0001,900,000
Cultus AGS1,985,00045,0002,030,000
Vitara5,500,0001,000,0006,500,000
Jimny3,990,000500,004,490,000

Recently, an image went viral on social media, according to which it was believed that once again PSMC has increased the prices once again. It was later confirmed that by the automobile company that the image was fake.

The image immediately went viral because if it were true, this would’ve been the sixth time in the past 9 months that an increase in prices would’ve been announced by the company.

The dates of the previous five price hikes by PSMC:

  • January 1st, 2020 (Entire car lineup)
  • July 2nd, 2020 (Entire bike lineup)
  • July 6th, 2020 (Suzuki Alto)

4th time it was announced three weeks ago (Bolan and Ravi) whereas for the fifth time increased prices were announced yesterday (Bikes).

Earlier the sales hadn’t been ideal due the global pandemic and this icrease in prices has played a better part in increasing sales or demand yet for the company.

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