KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) on Monday increase retail car prices by Rs 10,000-20,000.

The price of Mehran, Ravi and Bolan has been raised by Rs10,000 while customers will have to pay Rs20,000 more for Wagon R.

After increase, the new price of Mehran VX and VXR is Rs689,000 and Rs742,000 respectively. Ravi, Bolan and Cargo Van will cost Rs 706,000, Rs 764,000 and Rs 730,000 respectively while Suzuki Wagon R (VXR and VXL) will be sold at new price of Rs1,074,000 and Rs1,114,000 respectively.

The company, like past practice, did not give reason for jacking up prices. In a letter to its authorised dealers, Suzuki stated the retail prices to be inclusive – ex factor product price and freight charges incurred on vehicle to reach dealership premises.

Indus Motor Company was the first to raise car prices by Rs 50,000-60,000 in the last week of December 2017. However, dealers attributed price hike to seven to eight per cent devaluation of the rupee against the dollar in the last few months.

In April 2017, PSMCL had raised the price of various models by Rs5,000-25,000.

Published in Dawn, January 2nd, 2018