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Suzuki Bike Prices Increased

Suzuki Bike Prices Increased

Overview

Recently, Pak Suzuki has increased the prices of its bikes for the third time in the first four months of 2023. The new prices are effective from April 7, 2023. The price hike affects all of Suzuki’s bikes, including GD 110S, GS 150, GSX 125, and GR150. The new prices include the ex-factory product price and freight charges. And any government tax applicable will be charged to the customer.

The reasons for the latest hike have not been disclosed by the company. However, some possible reasons include an unstable rupee against the US dollar, difficulties in import. Expensive raw materials, and high import duties. Despite claiming complete localization. Suzuki and Yamaha still import important parts like engines, which are directly linked to the forex exchange rate.

As with any price hike, the decision to purchase a product ultimately depends on the individual’s preferences, budget, and value proposition. It is worth noting that the new prices are subject to change without any notice, so customers should consider this while making a purchase decision.

Suzuki Bike New Prices

Here are the new prices of Suzuki bikes in Pakistan:

  • Suzuki GD 110S: Old price: Rs. 290,000; New price: Rs. 322,000 (an increase of Rs. 32,000).
  • Suzuki GS 150: Old price: Rs. 315,000; New price: Rs. 350,000 (an increase of Rs. 35,000).
  • Suzuki GSX 125: Old price: Rs. 422,000; New price: Rs. 469,000 (an increase of Rs. 47,000).
  • Suzuki GR150: Old price: Rs. 451,000; New price: Rs. 501,000 (an increase of Rs. 50,000).

It is important to note that these prices are subject to change without any notice and any applicable government taxes will be charged to the customer. Additionally, the prices mentioned include ex-factory product price and freight charges.

Why bikes price increasing day by day

There can be various reasons for the increase in bike prices. Some of the common factors that can affect bike prices are:

  • Inflation: Inflation can cause the prices of raw materials, labor, and other production costs to increase, leading to an increase in the final product’s price.

  • Currency Exchange Rates: Fluctuations in the currency exchange rates can directly impact the cost of importing bike parts, which can increase the overall cost of production.

  • Government Taxes and Import Duties: High government taxes and import duties can increase the overall cost of production, which can lead to a price hike.

  • Production Costs: The cost of producing bikes can increase due to the rising cost of raw materials, labor, energy, and other production-related expenses.

  • Supply and Demand: If the demand for bikes is higher than the supply, the price can increase due to the limited availability of the product.

It is essential to note that each bike company’s situation is unique, and there may be additional reasons for price hikes that are specific to a particular company or region.