Suzuki Cultus and Swift price increased again. Here is the updated list

Reports state that the revised prices have been brought into effect from the 1st of December 2020.

2

  • Over the year, the Pakistan Automotive Manufacturer’s Association (PAMA) has announced seven price hikes for a variety of its vehicles.
  • The latest price hike has pushed up the prices of two Cultus variants and the Swift.
  • The revised prices have been brought into effect from the 1st of December 2020.

The prices of Cultus and Swift rise again.

As 2020 draws to an end, the wave of price hikes takes its toll again. Pakistan Automotive Manufacturer’s Association (PAMA) has decided to review the price tags for its former bestsellers:

  • Toyota Indus Motor Company (IMC) has increased the prices of the new Corolla along with the introduction of the X-package.
  • Pak Suzuki Motor Company (PSMC) has decided to push up the prices of two of its Cultus variants and one variant of the Swift. 

Here is a comparison of the old and revised vehicle prices: 

Pakistan Automotive Manufacturer’s Association (PAMA) has decided to review the price tags for its former bestsellers.

Reports state that the revised prices have been brought into effect from the 1st of December 2020.

It should be noted that over the year, PSMC announced seven price hikes for a variety of its vehicles: 

  • First price hike: prices of the entire PSMC car lineup were revised on the 1st of January 2020.
  • Second price hike: prices of the entire bike lineup were revised on the 2nd of July 2020.
  • Third price hike: the price of the new Suzuki Alto was revised on the 6th of July 2020.
  • Fourth price hike: prices of the Bolan and the Ravi were revised a couple of months ago.
  • Fifth price hike: prices of the motorbikes were revised in September 2020.
  • Sixth price hike: prices of the Alto, the Wagon R, and the Swift were revised in October 2020.
  • The recent price hike is the seventh within a year.
PSMC introduces seven price hikes in a year.

Explaining the price hikes occurring during the Covid-19 lockdown, the PSMC stated:

The depreciation of the local currency during the pandemic is to be blamed for the price hikes.

However, it should be noted that the Pakistani rupee has recovered significantly against the US dollar. Regardless of this fact , the PSMC continues with the price hikes.

It is pertinent to mention that PSMC had declared its eighth consecutive quarter in a loss upon the conclusion of the third quarter of CY 2020. While the automaker reported a loss of Rs. 136.38 million during the quarter, it did show a recovery of 88.30 percent compared to the same period last year.

PSMC in a tight corner for introducing seven price hikes in 2020.
PSMC in a tight corner for introducing seven price hikes in 2020.

PSMC was already in hot water for reporting a low sales volume after the easing of lockdowns. The announcement of multiple price hikes without the introduction of new vehicles or improvements in the current lineup has further pushed the PSMC into a tight corner. 

What are your thoughts on this? Please share with us in the comment section below.


  • Featured Content⭐


    Most viewed in last 24 hours


    24 گھنٹوں کے دوران 🔥


    >