Pak Suzuki Announces Third Bike Price Hike in 2023

07 Apr 2023

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Pak Suzuki Announces Third Bike Price Hike in 2023

Pak Suzuki has announced yet another price hike for its bikes, making it the third increase this year. The company has increased the prices of its bikes from April 7, 2023, including the GR150 model, which now costs over Rs. 5 lacs. This price increase is surprising for a bike and has been attributed to several factors, including an unstable rupee against the US dollar, difficulties in import, expensive raw materials, and high import duties. The users will get updates regarding Pak Suzuki Announces Third Bike Price Hike in 2023: Suzuki GR150 Now Costs Over Rs. 5 Lacs.

Suzuki Bikes New Prices

The new prices for the Suzuki bikes are as follows:

• Suzuki GD 110S: Previously priced at Rs. 290,000, now costs Rs. 322,000 after a price hike of Rs. 32,000.

• Suzuki GS 150: Previously priced at Rs. 315,000, now costs Rs. 350,000 after a price hike of Rs. 35,000.

• Suzuki GSX 125: Previously priced at Rs. 422,000, now costs Rs. 469,000 after a price hike of Rs. 47,000.

• Suzuki GR150: Previously priced at Rs. 451,000, now costs Rs. 501,000 after a price hike of Rs. 50,000.

According to the company, the retail prices are inclusive of the ex-factory product price and freight charges. These prices are subject to change without any notice and will be applicable at the time of delivery. Any government tax applicable will be charged to the customer.

The company has not provided any specific reasons for this latest hike, but it comes amidst an ongoing economic crisis in the country. Despite claims of complete localization, bike companies like Suzuki and Yamaha still import important parts like engines, which are directly linked to the forex exchange rate. Industry experts anticipate further price hikes in the future, which may have a negative impact on the sales of bikes.

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