Pak Suzuki Motors, one of the major market players, has increased the price of its motorcycles for the fourth time since February 2023.
According to a notification sent by the company to its dealers, the new rates will be applicable from May 9 onwards, and remain intact till further notice.
The retail prices are inclusive of the ex-factory product price and freight charges incurred on motorcycles which “are delivered at your dealership premises”, the notification mentioned.
According to the statement, the price of GD110s has increased to Rs335,000, GS150 to Rs364,000, GSX125 to Rs488,000, GR150 to Rs521,000, and GW250JP to Rs1.04 million.
“The prices listed above are subject to change without prior notice, and shipping charges will apply. Any applicable government taxes will be passed along to the purchaser.
The business assembles, manufactures, markets, and distributes Suzuki cars, pickup trucks, vans, 4x4s, motorcycles, and related spare parts locally. The Suzuki brand, on the other hand, is Japanese.
It should be noted that Pakistan’s auto industry, highly dependent on imports, has been caught in the midst of a crisis, as the State Bank of Pakistan, after unabated rupee depreciation, imposed restrictions on the opening of letters of credit (LCs). Industries are facing hindrances in operations as the country’s reserves remained low.
