Following the footsteps of Atlas Honda as they announced a price hike for its bikes, Pak Suzuki Motor Company (PSMC) also announced an increase in the prices for its motorcycle lineup.
Pak Suzuki Motor Company (PSMC) has increased its prices four times since last year, reporting an increase of up to Rs. 28,000/- in prices since January 2021.
Effective from 1st June 2022, the new prices of Suzuki bikes are as follows:-
Suzuki Bike Prices in Pakistan
|Bike Model||Old Price (in PKR)||Revised Price (in PKR)||Increase (in PKR)|
The revised prices are irrespective of improvements in the current products but due to the fact that dollar is on a rise and depreciating Pakistani currency citing an increase in raw material prices and higher shipping costs.
The sale of motorbikes and three wheelers in the country has witnessed a decrease of 1.94 percent during the first seven months of financial year (2021-22) as compared to the corresponding period of last year.
During the months under review, as many as 1091,795 motorbikes and three wheelers were sold in July-January (2021-22) against the sale of 1113,435 units in July- January (2020-21), showing decline of 1.94 percent, according to the Pakistan Automobile Manufacturing Association (PAMA).
These price hikes by motorbike manufacturers in Pakistan have put two-wheelers out of the reach for the general public. Its high time, the government should intervene and ensure the stability of prices.
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Fahad is an entrepreneur and a marketing enthusiast who loves to write on trending topics. He loves travelling & playing tennis is what he does in his leisure time. He tweets @fahad164.
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