The company claims that these new prices will come into effect from April 7, 2023, making it the third bike price hike in just four months.
The new prices are as follows
- The Suzuki GD 110S, previously priced at Rs. 290,000, will now cost Rs. 322,000, following a price hike of Rs. 32,000.
- The Suzuki GS 150, which used to be priced at Rs. 315,000, will now be sold for Rs. 350,000, after a hike of Rs. 35,000.
- The Suzuki GSX 125, which previously cost Rs. 422,000, will now be sold for Rs. 469,000, following an increase of Rs. 47,000.
- The Suzuki GR150, which was previously priced at Rs. 451,000, will now cost Rs. 501,000, after a price increase of Rs. 50,000.
The ex-factory product price and freight costs are included in the new prices, which are subject to modification without prior notice. Prices will be in effect at the time of delivery, and the customer will be responsible for paying any applicable taxes.
Since bike companies typically don’t disclose the details of their price increases to customers, it is not unusual for the company to have given no specific justification for these most recent price increases.
However, there are a number of potential causes for the increase, including the volatile rupee-to-dollar exchange rate, challenges importing essential raw materials, and high import duties.
Suzuki and Yamaha continue to import crucial components like engines, which are directly impacted by currency exchange rates, despite claims of complete localization.
Given Pakistan’s present economic situation as well as the country’s frequent price increases, many consumers there may find it difficult to afford bikes.
From a business standpoint, the price increases may make sense, but it is unclear whether customers who are already having trouble making ends meet will accept them on a broad scale.