After Toyota, Suzuki lowers prices by around 5%
With the rupee gaining Rs25.96 against the US dollar over the past fortnight, major car manufacturers have started revising downwards prices of their vehicles. The latest company to lower its prices are Pak Suzuki Motor Co. Ltd.
In a notification issued on Tuesday, Suzuki announced to lower the prices of its vehicles by as much as 5%.
The reductions, however, appear only marginal to the near 20% hike in prices by the company in early August.
The reductions were affected on 17 vehicular models that it manufactures locally including variants of Alto, WagonR, Cultus, Swift, Ravi and Bolan.
The biggest change in real terms was seen in the price of its luxury hatchback, Swift.
It’s Swift GLX CVT variant saw a price reduction of Rs199,000. This helped lower its price from the previous ex-factory price of Rs3.959 million to Rs3.760 million.
Similarly, its second variant, Swift GL CVT saw its price fall by Rs179,000 from Rs3.599 million to Rs3.420 million.
The base variant of Swift also saw a massive reduction in the price of around Rs169,000. The manual transmission vehicle saw its price reduced from Rs3.349 million to Rs3.180 million. It is still a far cry from its launch price last year of around Rs2.5 million.
Alto, the cheapest passenger car on offer by Pak Suzuki, saw its prices drop by as much as Rs116,000.
Alto AGS - the top variant of the model - saw its price fall from Rs2.339 million to Rs2.23 million, a difference of Rs116,000.
Its second variant, Alto VXR, saw its price fall from Rs2.079 to under Rs2 million, reduced by Rs103,000 to Rs1.976 million.
The price of the Alto base variant fell by just Rs90,000 from Rs1.789 million to Rs1.699 million.
WagonR and Cultus saw similar price reductions. But it was not enough to bring the price of the medium and top variant of Cultus to the sub-Rs3 million range.
| Model | Previous Price | New Price | Price Reduction |
|---|---|---|---|
| Alto VX | 1,789,000 | 1,699,000 | 90,000 |
| Alto VXR | 2,079,000 | 1,976,000 | 103,000 |
| Alto AGS | 2,339,000 | 2,223,000 | 116,000 |
| WagonR VXR | 2,549,000 | 2,421,000 | 128,000 |
| WagonR VXL | 2,699,000 | 2,564,000 | 135,000 |
| WagonR AGS | 2,949,000 | 2,802,000 | 147,000 |
| Cultus VXR | 2,879,000 | 2,754,000 | 125,000 |
| Cultus VXL | 3,159,000 | 3,024,000 | 135,000 |
| Cultus AGS | 3,379,000 | 3,234,000 | 145,000 |
| Swift GL MT | 3,349,000 | 3,180,000 | 169,000 |
| Swift GL CVT | 3,599,00 | 3,420,000 | 179,000 |
| Swift GLX CVT | 3,959,000 | 3,760,000 | 199,000 |
| Ravi | 1,499,000 | 1,424,000 | 75,000 |
| Ravi w/o deck | 1,424,000 | 1,349,000 | 75,000 |
| Bolan Van | 1,579,000 | 1,500,000 | 79,000 |
| Bolan Cargo | 1,566,000 | 1,487,000 | 79,000 |
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