Friday, October 23, 2020

Taking advantage of rupee devaluation, local auto assemblers have jacked up the prices of cars

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

There have been five price hike rounds in the last six months, wherein local assemblers have increased prices of various models in the range of Rs100,000 to Rs500,000.

Pak Suzuki raised prices of its various brands in range of Rs10,000 to Rs100,000.

According to a notification, the price of Suzuki Mehran VX is raised by Rs10,000 to Rs7,99,000.

  • Price of Suzuki Mehran VXR is raised by Rs20,000 to Rs8,40,000.
  • Price of Suzuki WagonR VXR is raised by Rs40,000 to Rs1.264 million.
  • Price of Suzuki WagonR VXL is raised by Rs30,000 to Rs1.344 million.
  • Price of Suzuki Cultus VXR is raised by Rs30,000 to Rs1.44 million.
  • Price of Suzuki WagonR VXL is raised by Rs20,000 to Rs1.551 million.
  • Price of Suzuki Bolan is raised by Rs20,000 to Rs8,74,000.
  • Price of Suzuki Cargo Van is raised by Rs20,000 to Rs8,40,000.
  • Price of Suzuki Ravi is raised by Rs20,000 to Rs7,96,000.
  • Price of Suzuki APV is raised by Rs100,000 to Rs3.14 million.
  • Price of Suzuki Ciaz Automatic is raised by Rs100,000 to Rs2.3 million.
  • Price of Suzuki Ciaz Manual is raised by Rs100,000 to Rs2.16 million while sale price of Suzuki Jimny
  • is increased by Rs100,000 to Rs2.493 million.
  • Honda Cars has also increased prices of its various brands.
  • Price of Honda City 1300cc Manual is raised by Rs65,000 to Rs1.919 million; Honda City 1300cc Automatic up by Rs65,000 to Rs2.059 million; Honda City 1500cc Manual up by Rs65,000 to Rs1.979 million; Honda City 1500cc Automatic up by Rs65,000 to Rs2.119 million; Honda City 1500cc Aspire Manual up by Rs70,000 to Rs2.134 million; Honda City 1500cc Aspire Automatic up by Rs70,000 to Rs2.274 million; Honda BRV CVT up by Rs50,000 to Rs2.434 million; Honda BRV SCVT up by Rs85,000 to Rs2.569 million.

The car dealers criticized the price hike saying their business was already burdened with taxes, and the price increase would only add insult to the injury.

Car dealers are of the view that Goverment should regulate the sector.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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