Pak Suzuki increases prices: The News

KARACHI: The Pak Suzuki Motor Company (PSMC) on Saturday again increased the prices of its various models by Rs10,000 to Rs15,000.

This is the second time within two months that the popular PSMC has increased its prices, which are applicable from March 29, 2010. Previously, the company had raised its prices by Rs10,000 to Rs15,000 on January 26.

According to auto analyst it is expected that in the near future prices will further rise. Shafiq Shaikh spokesperson PSMC said that under unavoidable circumstances the company has to pass on a minor production cost to the consumers owing to increase in prices of international steel sheets and increases in wages and utility prices.

He added that still the company is bearing most of the cost pressure despite the depreciating rupee and other inflationary conditions affecting the economy that have pushed up the CKD (complete knock down) and the local vendor parts costs.

The price tag on all Suzuki Mehran models have been raised by Rs10,000. Now Mehran VX, VXR, VX CNG, VXR CNG are tagged Rs4,29,000, Rs480,000, Rs474,000 and Rs524,000 respectively.

The 1000cc Alto prices have been increased by Rs12,000. Now Alto VXR will cost Rs6,25,000, Alto VXR CNG will cost Rs674,000. Similarly prices of all Alto models were also jacked up.

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