AutoBusiness

Suzuki Raises Prices Again With Swift Nearing Kia Stonic’s Price

Following Pak Suzuki Motor Company’s (PSMC) second price increase in two weeks, the price hike storm is far from over.

According to the current trend, Pak Suzuki has blamed the price increase on rising inflation and local currency depreciation. The following new car prices are effective immediately:

Variants Old Price (Rs.) New Price (Rs.) Increase (Rs.)
                                                                                               Alto
Alto VX 2,034,000 2,144,000 110,000
Alto VXR 2,359,000 2,487,000 128,000
Alto VXR AGS 2,528,000 2,665,000 137,000
Alto VXL AGS 2,615,000 2,795,000 144,000
                                                                                           Wagon R
Wagon R VXR 2,877,000 3,062,000 185,000
Wagon R VXL 3,052,000 3,248,000 196,000
Wagon R AGS 3,348,000 3,563,000 215,000
                                                                                             Cultus
Cultus VXR 3,326,000 3,540,000 214,000
Cultus VXL 3,654,000 3,889,000 235,000
Cultus AGS 3,906,000 4,157,000 251,000
                                                                                              Swift
Swift GL M/T 3,807,000 4,052,000 245,000
Swift GL CVT 4,092,000 4,335,000 263,000
Swift GLX CVT 4,462,000 4,725,000 263,000
                                                                                          Bolan
Bolan VX 1,754,000 1,852,000 92,000

 

Suzuki’s cars have become prohibitively expensive with these new prices. Swift, in particular, has entered the small crossover segment, with a price that is just Rs. 85,000 less than the entry-level Kia Stonic.

Due to the ongoing economic situation and inventory shortage, the automaker announced another production halt last week. More non-production days imply a further drop in sales. This, combined with the recent price increase, could cause Pak Suzuki to lose a significant portion of its market share.

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