LAHORE – As per reports on Monday, Pak Suzuki Motor Company Ltd (PSMCL) has hoisted the prices of its several variants by up to Rs 1.00 million without assigning any reason at all.
In accordance with the notification forwarded to different dealers and vendors, the price of Cultus VXR and Cultus VXL has been raised by Rs 35,000 each from Rs 17, 45,000, to Rs 17,80,000 (Rs 1.78 million) and from 1865,000 to 19,00, 000 (Rs. 1.9 million), respectively.
likewise, the price of the Cultus AGS has been raised by Rs 45,000. The old price of Cultus AGS was Rs 1,985, 000 to and the new price is Rs 20, 30,000.
The price of New Jimmy has been hoisted by Rs 50,000. The older price of New Jimny was Rs 3990, 000 (Rs 3.990 million) and its new price is 4,490, 000 ( Rs 4.490 million).
Whereas, the price of Vitara has been raised by Rs 1 million, i.e. from Rs 5,5,00,000 (Rs. 5.50 million) to Rs 6,500, 000 (Rs. 6.50 million).
It is pertinent to mention here that Pak Suzuki had raised the price of Ravi and Bolan by Rs35,000 from August 10, 2020. The new prices of Bolan VX IM, Bolan Cargo, and Ravi STD IM are Rs1.134 million, Rs1.075 million, and Rs1.034 million, respectively.
As per the report, the Pak Suzuki had conceived Rs2.46 billion loss of Rs2.46 billion for the six months ended June 30, up from a negative bottom line of Rs1.53 billion in the same term of 2019. Its sales decreased overall 58 percent to Rs.27.48 billion from Rs.65.43 billion.
In January 2020, the Pak Suzuki observed three non-production days – every Monday – during the month of January, due to depressed demand.