Tag: latest prices

  • Pak Suzuki increases motorcycle prices by up to Rs25,000

    Pak Suzuki increases motorcycle prices by up to Rs25,000

    Pak Suzuki Motor Company Ltd. (PSMCL) has increased motorcycle prices by Rs20,000-25,000, effective February 1st.

    The new rate for GD110 S, GS150, GSX125, and GR150 is Rs264,000, Rs286,000, Rs384,000, and Rs410,000.

    However, the company’s communication to authorised dealers lacked any explanation for the price increase.

    PSMCL had temporarily ceased taking new bike orders as of January 20 due to supply chain constraints based on imports and unpredictable production capacity in the current economic climate.

    Read more: Latest Suzuki car prices

    Pak Suzuki has been enjoying a smooth journey, recording sales of 20,762 units in FY23 compared to 18,030 at the same time last fiscal year, as sales of all two-wheeler assemblers have remained flat due to rising prices, quality problems, and affordability difficulties.

    The assembler of Hi-Speed motorcycles has also increased the rate by Rs25,000 of 150cc Infinity and 200cc Freedom followed by a Rs2,500-Rs3,500 hike in 70cc-125cc motorcycles.

  • Changan is not reducing the price of Alsvin variants

    Changan is not reducing the price of Alsvin variants

    With the exception of Alsvin, Changan has announced price reductions for all locally assembled vehicles.

    While Changan and every other brand in Pakistan increased the price of automobiles to an all-time high, it appears that the Chinese manufacturer has noted that Alsvin variants were far less expensive and still seemed like a good option for local car buyers as compared to other sedans from top brands.

    Here are the new prices for Changan vehicles:

    Model Old invoice New price Reduction
    Oshan X7 Comfort Rs7,449,000 Rs7,049,000 Rs400,000
    Oshan X7 FutureSense Rs7,749,000 Rs7,549,000 Rs200,000
    Karvaan Standard Rs2,469,000 Rs2,419,000 Rs50,000
    Karvaan Plus Rs2,619,000 Rs2,569,000 Rs50,000
    Alsvin Comfort Rs3,394,000    
    Alsvin DCT  Rs3,649,000    
    Alsvin Lumiere DCT  Rs3,844,000    
    Changan New Car Prices in Pakistan – 19 August 2022

    Oshan X7 Comfort’s price has been significantly reduced by Changan and is currently available for Rs7,049,000 as opposed to its earlier invoice of Rs7,449,000. This indicates a price reduction of Rs400,000.

  • Pak Suzuki increases motorcycle prices for all models

    Pak Suzuki increases motorcycle prices for all models

    Pak Suzuki has once again announced a rise in prices across the board due to the depreciation of the Pakistani rupee (PKR), much like all of its two-wheeler rivals in the Pakistani market.

    The majority of motorcycle consumers are no longer able to afford the motorcycles due to price increases. Unfortunately, the only option left for the locals is the Chinese bike, which has become more expensive and of lower quality.

    Here are Suzuki motorcycles’ most recent prices:

    Variant Old Invoice New Price Increase
    Suzuki GD-110S Rs219,000 Rs229,000 Rs10,000
    Suzuki GS-150 Rs239,000 Rs251,000 Rs12,000
    Suzuki GS-150 SE Rs256,000 Rs271,000 Rs15,000
    Suzuki GR-150 Rs349,000 Rs365,000 Rs16,000
    Pak Suzuki Motorcycles Latest Price List August 2022

    In comparison to its earlier price of Rs349,000, the Suzuki GR-150 150cc model saw the largest price increase of Rs16,000; the bike now costs Rs365,000.

    It’s important to note that since the start of the year, Pak Suzuki has announced four price increases. In addition to motorbikes, Pak Suzuki also announced a price rise for its car lineup.

    Many assemblers have reported running out of production-critical materials, which the majority of automakers have mostly attributed to the ongoing decline of the Pakistani rupee versus the US dollar.

  • Toyota to temporarily suspend production in Pakistan

    Toyota to temporarily suspend production in Pakistan

    The impact of the current economic crisis has reportedly forced Toyota Indus Motor Company (IMC) to halt production in Pakistan.

    In accordance with the information, Toyota IMC will reimburse clients who paid deposits for reservations since the business is unable to complete such orders.

    Toyota IMC previously cited restrictions on the State Bank of Pakistan’s (SBP) approval of Letter of Credit (LCs) for the import of Completely Knocked Down (CKD) kits as one of the main causes of production interruption, which also resulted in a backlog of orders.

    Customers who are unable to wait for delayed deliveries will receive their advance payments back from Toyota IMC, and the company plans to disclose this by the end of the month.

    Fans are now speculating as to whether Toyota IMC intends to entirely cease operations in Pakistan in light of the recent situation.

    The issue might only last a short while because Toyota IMC will refund customers for purchases they have already placed, but it won’t cancel orders if the client accepts a delayed delivery of the vehicle and is willing to pay an extra amount to cover the exchange rate changes.

  • OGRA lowers RLNG cost by $4.6 per MMBTU

    OGRA lowers RLNG cost by $4.6 per MMBTU

    Re-gasified liquefied natural gas (RLNG) will cost consumers of public gas utilities 20.57 per cent less in July 2022 than it did in June, according to a notification from the Oil and Gas Regulatory Authority (Ogra).

    The government has set the RLNG price for Sui Northern Gas Pipelines Limited’s (SNGPL) customers at $17.4603 per metric million British thermal units (MMBTU), according to a notification released on Friday.

    Compared to the rate of $20.7691 per MMBTU for June 2022, the new price is $3.3088 less. The general sales tax (GST) is not included in the weighted average sale price.

    The RLNG price will be $17.9575 per MMBTU for Sui Southern Gas Company (SSGC) customers as opposed to the SNGPL consumer price, which represents a $4.6501 per MMBTU decrease for July over $22.6076 per MMBTU.

  • Hyundai-Nishat announces a hefty price hike following KIA

    Hyundai-Nishat announces a hefty price hike following KIA

    Hyundai-Nishat Motors raised the pricing of its Tucson variants by Rs1.1 million, citing the decline in the currency as the primary cause, following Lucky Motor Corporation’s price increases for its KIA-brand vehicles.

    After an increase of Rs1.1 million price increase for the c, the Hyundai Tucson FWD model is now offered for Rs6.89 million. The price of the AWD version has increased by Rs1.1 million to Rs7.39 million.

    According to a sales representative, the company would accept reservations upon full payment, and delivery is anticipated to occur in August and not take longer than 60 days.

    Prior to that, Lucky Motor announced an increase in the prices of its KIA-brand vehicles starting on July 19, with the rise reaching as high as Rs1.1 million.

    The corporation said that the ongoing depreciation of the rupee versus the dollar was to blame for their need to raise pricing.

    “Kia and Hyundai have taken the initiative to increase car prices but the rest of the automakers will follow too,” said Sunny Kumar, Research Analyst at Topline Securities.

    “The last pricing most of the carmakers did was when the dollar stood at Rs185. It has now crossed Rs225. The price hike was imminent and announcements from other automakers could be expected anytime now.”

    According to Brecorder, the CEO of Lucky Motor Corp, Asif Rizvi, acknowledged that the auto sector primarily employs imported materials and that localised parts also contain a large percentage of foreign components while speaking on the sidelines of the Peugeot 2008 launch in March.

  • Honda 125S will now be sold for nearly Rs200,000

    Honda 125S will now be sold for nearly Rs200,000

    Several factors, including burgeoning raw material costs, continuous depreciation of the local currency, and greater freight rates, have forced the Pakistani two-wheeler industry to announce regular price hikes in 2022, putting motorcycles in a price range that is difficult to afford for a remarkable portion of the populace.

    Atlas Honda recently announced a price increase for their motorcycles in the range of Rs3,600-9,000, with the new rates taking effect from June 1, 2022.

    United, Metro, and Road Prince, among other Chinese motorbike manufacturers, have also hiked their two-wheeler prices.

    New prices

    The price of the Honda CD 70 has increased by Rs3,600, to Rs106,500. Similarly, following a Rs4,000 increase, the CD70 Dream model is now available for Rs113,500.

    Following a Rs5,000 price hike, the Pridor variant will now be available for Rs144,900.

    The CG125 and CG125S have had their prices increased by Rs5,000 to Rs168,500 and Rs198,500, respectively.

    The price of the Honda CB125F has been hiked by Rs9,000 from Rs244,900 to Rs253,900.

    The price of the CB150F has been increased to Rs308,900, while the CB150F (red, black) will be available at Rs312,900 starting June 1.

    Since March 2022, Atlas Honda has increased the price of its motorcycles every month.

    The two-wheel market isn’t the only one seeing price increases; car costs have grown by up to 55 percent in the current fiscal year.

    As per industry experts, the increase in motorbike and automobile prices is primarily due to an increase in foreign raw material prices and an increase in freight costs following Covid-19.

    The automobile industry, particularly due to auto-grade steel and plastic resins, is significantly reliant on imports.

    Furthermore, the sector has a low level of localisation, with the majority of parts being imported. As a result, the rupee’s depreciation has an impact on automobile and motorcycle prices.

  • Hyundai Sonata 2.5 will now cost Rs7.85 million

    Hyundai Sonata 2.5 will now cost Rs7.85 million

    Like the majority of automakers in Pakistan, Hyundai Nishat has joined the price hike bandwagon by raising the price of its sedan offerings; the Elantra GLS, Sonata 2.0, and Sonata 2.5 variants, due to increased shipping costs and continuous depreciation of the local currency.

    The premium category sedan, Hyundai Sonata 2.0 witnessed an increase of Rs140,000 in its earlier rate of Rs6,859,000. After the price hike, the car costs Rs6,999,000. Hyundai Sonata’s top trim will now be sold at Rs7,849,000 after a price increase of Rs100,000 in its previous price of Rs7,749,000.

    Hyundai Elantra GLS after getting a price of Rs150,000 will be offered at Rs4,949,000, the exact model was previously sold at Rs4,799,000.

    Read more: Pakistani rupee crashes to historic low of Rs194 against US dollar

    Almost every local or imported sedan is now out of reach of the masses as the auto industry has been massively affected by the ongoing devaluation of the Pakistani currency against the US dollar, increased freight charges along with the premium culture (own trend) in the country.

  • 90’s favourite Nokia is gearing up for a comeback with new devices

    90’s favourite Nokia is gearing up for a comeback with new devices

    Nokia was confronted with a major challenge following the judicial decision in the lawsuit brought against HMD Global. To refresh your memory, a business called VoiceAgeEVS LLC sued the Finish giant in German courts for illegally deploying VoLTE technologies in Nokia handsets.

    Nokia Mobile in response, filed a complaint, which was dismissed, resulting in the withdrawal of smartphones from some European countries. HMD takes intellectual property rights carefully, according to Nokia Mobile, and is ready to provide and acquire licenses on conditions that are fair, reasonable, and nondiscriminatory.

    Pursuant to VoiceAgeEVS LLC’s discontent with HMD’s legal exercises, a partial ban on Nokia smartphones was imposed. Nokia has already taken measures to ensure that enhanced voice service (EVS) is no longer integrated into its devices sold in Germany, allowing for uninterrupted distribution. In Germany, Austria, and other European nations, phones like the Nokia XR20 and X20 are now eligible for sale in online stores.

    Read more: PTA records 1.73 million new 3G, 4G users in one month

    Nokia C21 is the latest addition to the C-series family, as announced by HMD Global, the house of Nokia devices.

    The new Nokia C21 adds even more value to the popular C-series by preserving the exceptional build quality, hallmark security assurances, and all-day battery life. It costs Rs17,000 and offers improved photos, privacy, and speed for a more enjoyable experience.