Dollar Decreased But the Prices Are Still Same
The dollar is down by 9% And yet Some companies didn’t lower the cost of vehicles.
On July 28 2022 Usd gained its value to 240, Which caused multiple price hikes in vehicles in the country So the major Auto Vehicles manufacturer like Toyota, Honda, Suzuki, Kia, Hyundai, Dfsk, Proton, Changan, United and Baic increased the price of their vehicles in Pakistan by up to the 3.16 million PKR which was the biggest ever price hike in the automotive industry by Toyota in Pakistan.
A month later the Pakistani Rupee gained its value by up to 8% After which the companies like Toyota, Honda, Suzuki, Prince, Desk, and United reduced the prices of their vehicles but still Some companies like Kia, Hyundai, Baic, Proton didn’t even reduce a single penny
(PSMC) announced With impact starting from August 16, 2022, Pak Suzuki Motor Company (PSMC) has announced lower prices for its automobiles in Pakistan.
The manufacturer has sent out a statement announcing price cuts on all models of automobiles sold in Pakistan, including the Alto, Wagon R, Cultus, Bolan, Swift, and Ravi.
All new reservations were made at the revised rates as stated by the corporation as of right away (16 August 2022), when the Suzuki Car Prices in Pakistan will be reduced.
Additionally, the manufacturer said that pricing in effect at the time of delivery shall apply and that prices are subject to change without prior notice. The business also said that all government taxes and levies that are in force at the time of delivery are the responsibility of the customer.
Swift Suzuki Price
Suzuki Swift GL M/T now costs Rs 3,180,000 in Pakistan, down from Rs 3,349,000 before, while Suzuki Swift GL CVT now costs Rs 3,420,000, down from Rs 3,599,000 previously, and down from Rs 179,000 previously. Similar to the Suzuki Swift, the Suzuki Swift GLX CVT now costs Rs3,760,000, down from Rs3,959,000 at the previous rate.
Cost of the Suzuki Cultus
Suzuki Cultus VXL’s price in Pakistan is now Rs3,024,000 after a reduction of Rs135,000 from the previous rate of Rs3,159,000. Suzuki Cultus VXR’s pricing in Pakistan is now Rs2,754,000 from the previous rate of Rs2,879,000 after a reduction of Rs125,000. Similar to this, the cost of the Suzuki Cultus AGS has decreased by Rs145,000 from its previous price of Rs3,379,000 to Rs3,234,000.
Cost of a Suzuki Wagon R
Suzuki Wagon R VXR currently costs Rs2,421,000 in Pakistan, down from Rs2,549,000 at the previous rate, while Suzuki Wagon R VXL costs Rs2,802,000 at the current rate, down from Rs2,699,000 at the previous rate, after a drop of Rs135,000. Suzuki Wagon R AGS is now available in Pakistan for Rs2,754,000, a drop of Rs174,000 from its prior price of Rs2,949,000.
Alto Price
Suzuki Alto VX now costs Rs 1,699,000 in Pakistan, down from Rs 1,789,000 at the previous price after a reduction of Rs 90,000. Suzuki Alto VXR now costs Rs 1,976,000 in Pakistan, down from Rs 2,079,000 at the previous price after a reduction of Rs 103,000. Suzuki Alto AGS is currently available for Rs2,223,000, down from its previous price of Rs2,339,000 by Rs116,000.
Price of a Suzuki Bolan
Suzuki Bolan’s pricing in Pakistan has decreased from Rs. 1,579,000 to Rs. 1,500,000, a reduction of Rs. 79,000, while the price of the vehicle’s cargo variant has decreased from Rs. 1,566,000 to Rs. 1,487,000, a reduction of Rs. 79,000.
Suzuki Price Ravi
Suzuki Ravi now costs Rs1,424,000, down from Rs1,499,000 at the previous rate, and Suzuki Ravi without Deck now costs Rs1,349,000, down from Rs1,424,000 at the previous rate, down from Rs76,000 at the current currency.
Before now, Suzuki Motor Company had decided to raise the price of the cars due to increasing dollar exchange rates.
Indus Motor Company (IMC) on Monday reduced the car costs by Rs260,000-Rs1.140m citing a rupee recovery against the dollar, following a significant price hike of Rs760,000 to Rs3.16 million in July.
IMC reduced the price of all Toyota Corolla models by Rs330,000-440,000, followed by Rs260,000-Rs310,000 for Yaris models, according to a circular sent to its dealers.
Prices for the Toyota Fortuner and Hilux Revo have been reduced by Rs910,000-Rs1.140m and Rs650,000-820,000, respectively.
Corolla 1.6MT, AT, and UP SPEC are now available for Rs4.569m, Rs4.789m, and Rs5.279m, respectively. The current prices for the 18CVT, SR, and SR Black variants are Rs5.269m, Rs5.709m, and Rs5.749m, respectively.
The new costs for the Yaris MT1.3, CVT, ATIV MT, ATIV CVT, ATIV MT 1.5, and ATIV CVT 1.5 are Rs3.539m, Rs3.769m, Rs3.929m, Rs4.009m, and Rs4.259m, respectively.
Revo 2.8MT, Auto 2.8MT, V Auto, and Rocco now cost respectively Rs9.169m, Rs9.609m, Rs10.599m, and Rs11.179m.
The new prices for the Fortuner 2.7 G, 2.7V, 2.8 Sigma 4, and Legender are Rs. 11.57, Rs. 13.25, Rs. 13.96, and Rs. 14.699, respectively.
On August 17, 2022, the revised prices went into effect.
Honda lowers automobile costs in Pakistan after Toyota.
Five City model versions had their prices slashed by the company by Rs280,000 to Rs320,000. The standard City MT 1.2L is now available for Rs3.769 million, while the top-of-the-line City Aspire CVT 1.5L variant is being offered for Rs4.479 million as a result of the change.
BR-price V’s has dropped by Rs360,000 to Rs4.939 million. The cost of Civic models was also reduced by Rs. 450,000 to Rs. 550,000. As of right now, the Civic 1.5L MCVT costs Rs6.349 million, while the Civic RS 1.5L LL CVT costs Rs7.549 million.
Changan reduces the price of cars in the same way as Toyota, Suzuki, and Honda. The company argues that the price drops are the result of the Pakistani Rupee’s appreciation.
These additional costs were reduced recently and were effective from Friday, August 19, 2022.
there was no price change in Changan but the company changed the prices of their two other vehicles
Changan Alsvin price
Any Changan Alsvin variation’s price has remained the same. When it comes to Alsvin, neither the firm nor the prices have altered, and neither have the clients received any assistance. These are what they are:
Changan Alsvin Comfort MT is priced at Rs. 3,394,000.
Changan Alsvin Comfort DCT is priced at Rs. 3,649,000.
Price for Changan Alsvin Lumiere DCT is Rs. 3,844,000.
The Changan’s two other vehicles were Changan Oshan X7 and Changan karvaan
According to the company, the new prices for Changan vehicles are as follows:
Changan Oshan’s cost
Changan Oshan X7 Comfort is now priced at Rs. 7,049,000 as opposed to its previous price of Rs. 7,449,000. This denotes a price reduction of Rs. 400,000.
Oshan X7 FutureSense is now priced at Rs. 7,549,000 as opposed to its previous price of Rs. 7,749,000. There is a difference of Rs. 200,000.
Changan Karvaan’s cost
Changan Karvaan MPV now costs Rs. 2,419,000 as opposed to its previous price of Rs. 2,469,000. A price drop of 50,000 rupees has occurred.
Changan Karvaan Plus MPV now costs Rs. 2,569,000 as opposed to its previous price of Rs. 2,619,000. A price drop of 50,000 rupees has occurred.
Dfsk and Prince also known as regal motor also reduced their prices recently
Price of DFSK Glory in Pakistan
Glory 580 Pro now costs Rs. 6,550,000 in Pakistan, an increase of Rs. 1,150,000 from the previous pricing of Rs. 5,400,000, while Glory 580 CVT 1.5 costs Rs. 6,105,000, an increase of Rs. 1,096,000 from the previous rate of Rs. 5,009,000. Additionally, the price of the Glory 580 CVT 1.8 model has increased by Rs. 1,096,000, going from Rs. 5,160,000. to Rs. 6,256,000.
Price of Prince Pearl in Pakistan
Prince Pearl is currently available in Pakistan for Rs. 1,749,000, down Rs. 171,000 from the previous price of Rs. 1,920,000.
Price of the K-07 in Pakistan
After being reduced by Rs. 80,000 from the previous price of Rs. 2,549,000, the K-07 Humsafar (New Model) is now available in Pakistan for Rs. 2,469,000.
United Motors also reduced the prices of their vehicles by the difference of 117,000 PKR.
Latest Prices
United Bravo is now available for Rs. 1,519,000 as opposed to Rs. 1,619,000, a difference of Rs. 100,000. Similar to how United Alpha’s price dropped by Rs. 117,000, it now costs Rs. 1,769,000 as opposed to Rs. 1,886,000.
Due to favourable developments relating to dollar inflows from the United Arab Emirates, Saudi Arabia, and the International Monetary Fund from July 28 to August 16, the rupee appreciated by about 8% to 12% in the interbank market against the US dollar (IMF). But on Wednesday, the value of the local currency decreased by Re0.98, or 0.46%, concerning the US dollar.
but still, some companies haven’t even reduced the prices of their vehicles, What do you think of this? Please let us know your thoughts about this in the comment section below.