KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) made the first increase of this new year, The new prices will be effective from January 1st, 2019.
The Price of the most popular car Suzuki Mehran VXR jumps Rs 20,000/- from Rs 840,000/- to Rs 860,000/- said to be discontinued in April 2019.
Following the devaluation of the Rupee against USD, the prices have increased, 5% to 10% this year.
Last year (2018) Pak Suzuki Motor Company four times increased the prices of its products including Motorbikes.
Yet the company has not updated about the two-wheeler segment which is expected this month.
According to the circular issued by Pak Suzuki on December 31st, 2018 The Revision in Automobile Retail Prices as followed:
Earlier, Atlas Honda also increased the prices of 1800cc Civic X and 1300cc Honda city.
The Rupee devaluation against US dollar has caused a panic in the market for consumers and cooperates.
Also Read: Toyota Indus Price Hike Update