KARACHI:
In an anticipated move, Pak Suzuki Motor Company (PSMC) has increased prices of different variants in the range of Rs10,000-Rs20,000, effective from January 1, 2018.
The prices of Suzuki Bolan and Ravi have been increased by Rs10,000, Mehran’s VX and VXR variants also get costlier by Rs10,000 (price of CNG variants remains unchanged), while Wagon-R VXR and VXL will now be expensive by Rs20,000.
The new price of Wagon-R’s VXR variant would be Rs1.074 million, while its VXL one would be available for Rs1.114 million. The rates on Pak Suzuki’s website are yet to be updated.
Similarly, Mehran’s VX model is now priced at Rs689,000 and its VXR variant costs Rs742,000.
“The move was widely anticipated due to the recent rupee devaluation against the dollar,” commented a JS Research report on Monday.
Perturbed with the widening current account deficit, the government finally allowed the rupee to lose its value by around 5% against the dollar last month.
The auto industry is particularly sensitive to rupee depreciation because of its high dependence on imported raw-material and parts that become expensive with the fall in the rupee’s value against major international currencies.
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