Pak Suzuki turns into second firm to cut back costs citing rupee appreciation

The corporate has closed advance bookings of automobiles since July 1. The Alto VX, VXR, and AGS fashions now value Rs1.699 million, Rs1.976m, and Rs2.223m, respectively.Wagon VXR, VXL and AGS fashions will now value Rs2.421m, Rs2.564m and Rs2.802m, whereas Cultus VXR, VXL and AGS fashions are actually out there at Rs2.754m, 3.024m and Rs3.234m.

The brand new costs of Swift GL MT, CVT and GLX CVT are Rs3.180m, Rs3.420m and Rs3.760m whereas Ravi, Ravi with out deck, Bolan van and Bolan Cargo carry value tags of Rs1.424m, Rs1.349m, Rs1.500m and Rs1.487mThe fall in value seems stunning as the corporate had raised the charges by Rs314,000-661,000 within the first week of August, linking it to the rupee devaluation in opposition to the greenback.

Pak Suzuki has additionally determined to briefly shut down its automotive manufacturing plant from August 18-19, attributable to a components scarcity. In a inventory submitting on Tuesday, the corporate stated the motorbike plant would stay kikoperational.