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Suzuki raises the value of bikes in Pakistan

Pak Suzuki motorcycles
Pak Suzuki Motors, one of many main gamers within the two-wheeler phase by way of market share, has elevated the value of its bikes as the auto business faces an uphill process in maintaining itself afloat amid the rupee’s persistent devaluation.

In keeping with a notification despatched by the corporate to its sellers, the brand new charges will likely be relevant from Might 9 onwards, and stay intact until additional discover.

The retail costs are inclusive of the ex-factory product worth and freight expenses incurred on bikes which “are delivered at your dealership premises”, the notification talked about.

  S. No Mannequin Retail Worth (rupees)
   1 GD110s 335,000
   2 GS150 364,000
   3 GSX125 488,000
   4 GR150 521,000
   5 GW250JP 1,040,000

The speed of GD110s has been hiked to Rs335,000, GS150 Rs364,000, GSX125 Rs488,000, GR150 Rs521,000, and GW250JP Rs1.04 million, in keeping with the notification.

“The above costs are topic to vary with none discover, and worth on the time of supply shall be relevant. Any Authorities tax relevant will likely be charged to the shopper.”

The corporate is the native assembler, producer and marketer of Suzuki vehicles, pickups, vans, 4x4s and bikes in addition to associated spare elements. In the meantime, the Suzuki model itself is from Japan.

Pakistan’s auto business, extremely depending on imports, has been caught within the midst of a disaster, because the State Financial institution of Pakistan, after unabated rupee depreciation, imposed restrictions on the opening of letters of credit score (LCs). Industries are going through hindrances in operations because the nation’s reserves remained low.

Final week, Atlas Honda — Pakistan’s greatest participant within the two-wheeler phase by way of market share — hiked the costs of bikes for the fourth time this 12 months. With the current improve, the bikes have been made costlier by Rs5,000-15,000.