Tag: Alto

  • Car sales in Pakistan hit 15-year low in FY 2023-24: PAMA data

    Car sales in Pakistan hit 15-year low in FY 2023-24: PAMA data

    Car sales in Pakistan plummeted to their lowest level in 15 years during the fiscal year 2023-24, as reported by the Pakistan Automotive Manufacturers Association (PAMA).

    The data reveals that sales of cars, including light commercial vehicles (LCVs), vans, and jeeps, declined by 18.2 per cent year-on-year, amounting to 103,826 units by the end of the fiscal year on June 30, 2024.

    This marks the lowest sales figures since FY 2009.

    In comparison, 126,878 units were sold in the previous fiscal year, while the average sales over the past five years stood at 188,030 units.

    Furthemore, passenger car sales decreased by 15.7 per cent year-on-year to 81,577 units during the fiscal year, compared to 96,811 units recorded in the previous year.

    Total production of passenger cars was 79,573 units in FY24, a 22.0 per cent decline from the 101,984 units produced last year.

    The PAMA data also highlighted that the highest number of passenger car sales occurred in the ‘Below 1000cc’ category, with 38,657 units sold in FY24.

    Within this segment, Suzuki Alto led with 35,883 units sold, followed by Suzuki Bolan with 2,774 units.

  • Suzuki Swift GLX now costs more than Rs4.7 million after latest hike

    Suzuki Swift GLX now costs more than Rs4.7 million after latest hike

    Pak Suzuki Motor Company has announced its third price hike in less than 30 days, resulting in an increase in the prices of some of its more affordable car models. This move follows the ongoing trend, with Pak Suzuki citing mounting inflation and local currency depreciation as the primary reasons for the price increase.

    With immediate effect, the revised car prices are as follows:

    Variants Old Price (Rs) New Price (Rs) Increase (Rs)
    Alto VX 2,034,000 2,144,000 110,000
    Alto VXR 2,359,000 2,487,000 128,000
    Alto VXR AGS 2,528,000 2,665,000 137,000
    Alto VXL AGS 2,615,000 2,795,000 144,000
    Wagon R VXR 2,877,000 3,062,000 185,000
    Wagon R VXL 3,052,000 3,248,000 196,000
    Wagon R AGS 3,348,000 3,563,000 215,000
    Cultus VXR 3,326,000 3,540,000 214,000
    Cultus VXL 3,654,000 3,889,000 235,000
    Cultus AGS 3,906,000 4,157,000 251,000
    Swift GL M/T 3,807,000 4,052,000 245,000
    Swift GL CVT 4,092,000 4,335,000 263,000
    Swift GLX CVT 4,462,000 4,725,000 263,000
    Bolan VX 1,754,000 1,852,000 92,000

    A production halt was announced by the manufacturer last week as a result of the continued economic downturn and inventory constraint. Further days without manufacturing indicate a greater sales drop. That might result in Pak Suzuki losing a considerable portion of its market share, especially in light of the recent price increase.

  • Suzuki to halt car and bike production in January 2023 due to parts shortage

    Suzuki to halt car and bike production in January 2023 due to parts shortage

    Following in the footsteps of Toyota Indus Motor Company (IMC), Pak Suzuki Motor Company (PSMC) has said that its production facility will be totally shut down from January 2 to 6, as a result of a ban on the import of auto parts.

    The automaker, in a notice sent to the Pakistan Stock Exchange (PSX), said that the State Bank of Pakistan (SBP) has introduced a mechanism for prior approval for import under “HS code 8703 category (including completely knocked down – CKDs) vide circular No.09 of 2022 dated May 20, 2022”.

    “Restrictions had adversely impacted clearance of import consignment which resultantly affected the inventory levels.”

    “Therefore, due to shortage of inventory level, the management of the company has decided to shut down its plant for the automobile as well as a motorcycle for the period from January 2 to January 6, 2023,” PSMC said.

    It is important to note that this is not the first time that Suzuki, one of the country’s top-selling automakers, has closed a production facility. Several shutdowns have already been announced in 2022 by some well-known automakers, including Honda and Toyota.

    PSMC is involved in the assembly, progressive manufacturing, marketing, and distribution of Suzuki vehicles, pickup trucks, vans, 4x4s, motorcycles, and associated spare parts.

    According to Geo, due to the central bank’s limits on the opening of letters of credit (LCs) as a result of a severe liquidity crunch, Pakistan’s car sector, which is heavily dependent on imports, is currently experiencing serious difficulties.

  • Pakistanis pay about Rs800,000 more for a Suzuki Alto than Indians

    Pakistanis pay about Rs800,000 more for a Suzuki Alto than Indians

    Shockingly, the base variant of the Suzuki Alto costs PKR 922,000 (INR 339,000) in India, whereas Pak Suzuki Motor Company, Pakistan’s Suzuki vehicle manufacturer, offers the older model of the Suzuki Alto for a starting price of Rs1.7 million.

    The 0.8-liter petrol engine in the Indian Alto 800 produces 48 PS and 69 Nm and is connected to a five-speed manual transmission. When using CNG, the output drops to 41 ps and 60 nm. The vehicle’s quoted mileage is 31.59 km/kg for CNG and 22.05 km per litre for petrol.

    On the other hand, Pakistani Alto is powered by a 3-cylinder 658 cc R06A petrol engine mated to either a 5-speed manual or auto gear shift (AGS) transmission. The variant we are talking about is the manual base variant. The hatchback offers a maximum output power of 39hp at 6500 rpm and a torque of 56 Nm at 4000 rpm. With a compression ratio of 10:1, it comes with a multi-point injection system. The Suzuki Alto offers seating for four adults and a fuel capacity of 27 litres.

    When comparing the Indian Alto to the Pak Suzuki-produced Alto, the Indian Alto appears to have greater power because it has a larger engine, more torque, and costs less.

    It is worth noting that despite its hefty price tag Suzuki Alto is also Pakistan’s most-selling car currently as it is the only mini hatchback sold below Rs2 million from a prominent automaker.