Business

Pak Suzuki Motors revises Vitara GLX price

Pak Suzuki Motors revises Vitara GLX price

LAHORE – During the local auto industry crisis, Pak Suzuki Motors Co. Ltd. has revised the price of its Vitara GLX by Rs560,000, taking the total price to Rs5,550,000.

Pak Suzuki issued a notification to the dealers across the country. The notification read that rate of the car exclusive of advance income tax is PKR 5,550,000 now whereas the price will come into effect from October 1, 2019.

The retail price is inclusive of ex-factory price and freight charges incurred on vehicles to reach dealership premises.

According to PakWheels, the company has not disclosed any reason whatsoever as to why it has increased the rate. However, it is imperative to mention here that a few days back, Pak Suzuki suspended the booking of its cars due to poor sales. Suzuki‘s sales have gone down by 56.15% in August 2019 as compared to its corresponding period last year. The hot-selling Wagon R has suffered the most in the recent few months, and this time it records a drop of massive 73.67% in the period under review.

The company could only manage to sell 645 units in comparison with 2450 units in the corresponding period last year.

Aside from poor sales and increasing the rate of VITARA, Pak Suzuki has introduced 4th generation Jimny in the market to attract customers. The company is also eyeing to launch automatic Wagon R for its customers in Pakistan. There are reports circulating that all local automakers in the coming days will increase the rates of their products.