Pak Suzuki Motor Company Limited has increased the prices of all of its brands of cars
Pak Suzuki Motor Company Limited has increased the prices of all of its brands of cars
KARACHI: Pak Suzuki Motor Company Limited has increased the prices of all of its brands of cars by Rs 10,000 to Rs 15,000 with immediate effect, dealers told Daily Times on Saturday.
This is the third price rise by the company since the start of the ongoing calendar year 2010, as it increased the prices on different cars ranging between Rs 15,000 to Rs 35,000 on January 26 and also hiked prices by almost Rs 50,000 on February 23, 2010, they said.
The makers of Pak Suzuki cars announced the price hike in the wake of yen appreciation against various currencies, making imports of parts and accessories expensive.
According to the dealers, the company has raised the prices of all cars as the prices of Mehran VXR after an increase of Rs 10,000 have reached to Rs 529,000 as compared to Rs 519,000, previously. Alto VXR is available at Rs 679,000 as compared to Rs 667,000, previously, showing an increase of Rs 12,000.
After witnessing an increase of Rs 15,000, the prices of Cultus VXL have gone to Rs 917,000 from Rs 902,000, the prices of Ravi (pick up) have been increased by Rs 10,000 to reach Rs 504,000 as against Rs 494,000. The prices of Bolan stand at Rs 624,000 as against Rs 614,000, previously.
ll-Pakistan Motor Dealers Association chairman H M Shahzad has asked the government to take action against car makers’ cartel which had been jacking up rates persistently.
He said premium on cars is still going on despite increase in production of cars which means that assemblers have kept the demand and supply gap in their hands.
He added that the government is just doing a routine exercise of calling a meeting with assemblers but it has never cross-checked whether the price-hike is genuine or was arbitrary in view of surging demand.
He urged the government to provide incentives on import of used cars so that customers could get a wide choice and assemblers’ monopoly is broken.
The assemblers have also introduced new imported cars, jeeps and sports utility vehicles. There are reports that some assemblers are taking full payment from customers and are delaying release of imported vehicles.
A customer, who asked not be named, said he had paid almost full amount to an authorised dealer of a leading car maker who assured that delivery would be made in 15-20 days. But later the dealer failed to come up to his expectation, and now he says that it would be delivered in August.
It means that the assembler is getting interest from depositing the payment in the bank.
On Feb 23, Indus Motor Company (IMC), the makers of Toyota Corolla cars, had raised prices of Corolla Xli by Rs20,000, GLi by Rs30,000 and above 1,800cc and other variants. On March 20, makers of Honda cars had surged the prices by Rs20,000-35,000.
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