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Pak Suzuki announces major reduction in car prices.
Pak Suzuki Motor Company has unveiled a significant reduction in car prices for its Swift models, effective as of May 1, 2024.
The announcement, made on Thursday, revealed a substantial price decrease of up to Rs710,000, reflecting the company’s response to prevailing market dynamics.
The price adjustments encompass various Swift variants, with the GL MT model now available at Rs 4,336,000, indicating a noteworthy decrease of Rs 85,000 from its previous rate.
Also read: Pak Suzuki stops booking motorcycles until further notice
Similarly, the Swift GL CVT will see its price reduced to Rs4,560,000, marking a significant decline of Rs159,000 compared to its prior cost of Rs4,719,000.
The most substantial price cut is observed in the Swift GLX CVT, which has undergone a considerable reduction from Rs5,429,000 to Rs4,719,000, representing a noteworthy decrease of Rs710,000.
Notably, the revised retail prices stated in the company’s notice include Federal Excise Duty (FED) and Sales Tax, while Advance Income Tax remains excluded.
This move by Pak Suzuki Motor Company follows suit after Lucky Motor Corporation’s recent announcement on Monday, wherein a substantial decrease in the price of KIA’s Stonic EX+ was unveiled, further indicating a notable shift in pricing strategies within the Pakistani automotive market.
