KARACHI: Pak Suzuki Motor Company Limited (PSMCL) has increased prices by Rs1,900-Rs5,000 on different bike models, effective April 1, dashing hopes of lovers of two-wheeler who were expecting price cut after rupee’s surge against the dollar.

The new price of Suzuki GS 150 Euro-2, GD-110 imported, Sprinter ECO, Raider and Sprinter ECO Deleted is Rs119,500, Rs109,900, Rs88,400, Rs96,400 and Rs83,400, respectively.

The company, in a letter to its dealers, had also increased retail commission by Rs500 to Rs1,300 on different bikes.

Market sources said the assembler is cashing in on the rising demand of its bikes as sales rose to 15,958 units in July-February 2013-14 as compared to 11,536 units in the same period last fiscal year.

The company did not mention the reason of price increase, however.

Dealers at Akbar Road, the main market of two-wheelers, also expressed surprise over no cut in prices of Chinese bikes after rupee’s appreciation against the greenback.

A Chinese bike assembler said “we are neither reducing nor increasing the prices due to unstable sales scenario.”

Surprisingly, the price of Honda bikes has also been unchanged since January 21, 2014. Sales of Honda bikes increased to 428,059 units in July-February 2013-14 as compared to 421,529 units in same period last fiscal year.

Car prices

Buyers had witnessed Rs30,000-75,000 reduction in car prices by assemblers of Toyota and Honda.

Sources said that the assembler of Toyota car had slashed the prices as the company was clearing the stocks of Corolla models as it intends to launch new model by end of this year.

The rupee has risen by eight per cent in the last two months against the dollar, but car prices were decreased by just three per cent, sources said.