Pak Suzuki Motors, one of many main gamers within the two-wheeler phase when it comes to market share, has elevated the worth of its bikes as the car business faces an uphill process in maintaining itself afloat amid the rupee’s persistent devaluation.
In response to a notification despatched by the corporate to its sellers, the brand new charges will probably be relevant from Could 9 onwards, and stay intact until additional discover.
The retail costs are inclusive of the ex-factory product value and freight costs incurred on bikes which “are delivered at your dealership premises”, the notification talked about.
|S. No||Mannequin||Retail Worth (rupees)|
The speed of GD110s has been hiked to Rs335,000, GS150 Rs364,000, GSX125 Rs488,000, GR150 Rs521,000, and GW250JP Rs1.04 million, based on the notification.
“The above costs are topic to vary with none discover, and value on the time of supply shall be relevant. Any Authorities tax relevant will probably be charged to the shopper.”
The corporate is the native assembler, producer and marketer of Suzuki vehicles, pickups, vans, 4x4s and bikes in addition to associated spare components. In the meantime, the Suzuki model itself is from Japan.
Pakistan’s auto business, extremely depending on imports, has been caught within the midst of a disaster, because the State Financial institution of Pakistan, after unabated rupee depreciation, imposed restrictions on the opening of letters of credit score (LCs). Industries are dealing with hindrances in operations because the nation’s reserves remained low.
Final week, Atlas Honda — Pakistan’s largest participant within the two-wheeler phase when it comes to market share — hiked the costs of bikes for the fourth time this 12 months. With the current enhance, the bikes had been made costlier by Rs5,000-15,000.