The prices of Pak Suzuki Motor Company’s (PSMC) motorcycles have been raised for the third time in 2023.
Although the automaker did not specify a reason, the recent increase is likely due to the dollar rate hike. The latest prices have gone up by a jaw-dropping Rs. 46,000.
Additionally, PSMC has not updated the prices on its website. A 3S dealership confirmed to ProPakistani, however, that the company has announced new prices for its two-wheelers.
The following are the new ex-factory prices for PSMC bikes, with immediate effect:
|Model||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
After the latest hike, the majority of buyers can no longer afford Yamaha’s or PSMC’s bikes. In terms of affordability, Chinese bicycles may still be an option. However, they have their own issues, including poor after-sales services, inferior build quality, reliability issues, and low resale value.
According to industry reports, Pakistan has achieved up to 90 percent localization in bike manufacturing. Unfortunately, this localization is of no benefit to people if they continue to pay extravagant prices for obsolete bikes.