Karachi: The Pakistan Suzuki Motor Company has decided to raise the prices for its brand of motorbikes, thus creating dismay among its consumers. The move came inspite of the fact that the Pakistani rupee is stronger against the Japanese Yen and other international currencies in the last one year. The new prices will become effective by March 27th 2015. On the other hand, Atlas Honda has reduced its prices for its most popular motorbikes models by about Rs 6,000 on an average.
The official PSMCL was not able to give a clear reason behind the hike in the bike prices. He just answered that the prices have been increased to adjust the high cost of production, as the company imports parts and accessories from various countries and the payment is usually done in both Yen and Dollars. The circular with new prices have been issued to the motorbike retailers as follows:
- Raider is Rs101, 400 as compared to Rs96, 400.
- GS-150 to Rs128, 500 from Rs122, 000.
- Sprinter ECO DEL’s new price is Rs88, 400 from Rs83, 400.
- Hayabusa GSX1300 price has been raised Rs2.6 million from Rs2.5 million.
- Intruder VZ800 to Rs1.7 million from Rs1.6 million.
- Bandit GSF650SA to Rs1.550 million from Rs1.5 million.
The company is providing Inazuma bikes to Motorway Police. Around 150 heavy bikes have been imported in the last year. The Chairman Association of Pakistan Motorcycle Assemblers, Mohammad Sabir Shaikh stated that the production cost of Pak Suzuki is higher than its competitors as the company has been keen to introduce bikes with latest engines and high quality parts for its customers.