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After Toyota and Honda, Suzuki Pakistan also raises car prices by up to Rs355,000 (Check New Rates Here)

10:29 AM | 25 Jan, 2023
After Toyota and Honda, Suzuki Pakistan also raises car prices by up to Rs355,000 (Check New Rates Here)
Source: File photo

KARACHI – Pak Suzuki Motor Company has announced the first hike for its popular vehicles in 2023 by increasing the prices of various models by Rs100,000-355,000.

While the auto giant has not cited any reason for the hike, mounting inflation and local currency depreciation are the likely reasons.

The price of its most famous model Alto has been soared to Rs 1,859,000 with price difference of160,000, Wagon R VXR is now available at Rs2,629,000, Cultus VXR at Rs3,039,000, Swift GL M/T at Rs3,479,000, and Bolan VX at Rs1,619,000.

With immediate effect, the rising car prices are as follows:

The worsening economic crisis badly affected the auto sector as the country’s leading carmaker Suzuki has not produced even a single vehicle in 2023.

The other leading players are also facing the severe impact of the dilapidating situation, witnessing several non-production days every week.

Earlier, Honda and Toyota also announced price hike for their cars and SUVs.

Honda Atlas Cars hiked prices of its entire line-up, with the increase going as high as Rs550,000. The company cited exchange rate volatility and inflation in material cost as the reason behind the price-increase.

Indus Motor Company, the assembler of Toyota-brand vehicles in Pakistan, notified a hike in car prices across its entire lineup with the increase in the range of Rs280,000-Rs1,210,000.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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