The price of Suzuki Mehran VX and VXR models was increased to Rs839,000 and Rs923,000 from Rs799,000 and Rs880,000 respectively.
Furthermore, prices of Cultus VXR, VXL and VXL AGS were raised to Rs1.745 million, Rs1.85m and Rs1.975m against Rs1.440m, Rs1.551m and Rs1.668m respectively.
Swift DLX NAV and AT NAV model prices were also raised to Rs1.975m and Rs2.050m from Rs1.585m and Rs1.721m.
WagonR VXR and VXL models will now be sold at Rs1.540m and Rs1.625m against Rs1.264m and Rs1.344m.
Pak Suzuki Motor Company Limited (PSMCL) raised prices of vehicles by Rs40,000-329,000 including a hike in prices of Mehran 800cc
Suzuki Vitara GLX prices were also increased to Rs4.295m from Rs4.090m.
Pak Suzuki official Spokesperson said the auto sales may come under pressure in coming months after massive jump in price tags.
“We have not passed the full impact of new taxes and duties to the consumers and the company is still bearing the major impact of new budgetary measures,” he claimed.
However, following government intervention, the local assemblers were insulated from the threat of imported vehicles affecting their sales.
Moreover, prices of Ciaz GL MT and GL AT were increased to Rs2.3m and Rs2.5m from Rs2.160m and Rs2.300m.
Bolan and Bolan Cargo Van prices were also been jacked up to Rs1.050m and Rs1.005m from Rs874,000 and Rs840,000.
The company in its letter issued to the authorised dealers attributed the price hike to negative exchange rate impact on account of recent rupee devaluation and new duties/taxes/federal excise duty levied by the government in the fiscal budget.
The company said the hikes would not be apply on pending orders by customers who have failed to deposit their balance payment within tentative delivery date of vehicles.