Latest news with #PakSuzukiMotorCompany
Business Recorder
7 days ago
- Automotive
- Business Recorder
Yamaha, Unique hike motorcycle prices in Pakistan following NEV levy imposition
Following the footsteps of Atlas Honda and Pak Suzuki Motor Company, Yamaha Motor Pakistan has announced revised retail prices for its motorcycle lineup, effective July 1, 2025. This follows changes introduced in the federal budget 2025-26, including the implementation of a new NEV [New Energy Vehicle] levy on automobile sales. As per the updated price list, the company's YB125Z (Red/Black) mode will now retail at Rs429,000, which includes Rs65,441 in sales tax and Rs4,057 in NEV levy. The YAMAHA-YB125Z DX (Red/Black/Gray) has seen a price increase as well, and now stands at Rs459,500, after taxes and levies. Yamaha's YBR125 (Red/Gray/Black) will now be available at Rs471,500, while the YBR125G (Black) will cost Rs490,500. The YBR125G (Matt) has emerged as the most expensive model in the lineup, clocking in at Rs493,500 after new taxes. Meanwhile, Unique, a brand of D.S. Motors Private Limited, has also raised the price of its UD-70cc motorcycle models by Rs3,000 across all listed variants, effective July 18, 2025. The company, in its notice to the dealers, cited recent taxation measures in the budget for FY25-26, increased production costs, rising import duties, and the current economic conditions as reasons for the hike. Days ago, Pak Suzuki Motor Company announced revised retail prices for its motorcycle lineup. Earlier, Atlas Honda, which holds over half of the motorcycle market share in Pakistan, increased the prices of its bikes by Rs2,000 to Rs6,000 per unit on account of new taxes. The NEV levy, introduced in the Finance Act 2025, applies to all internal combustion engine motor vehicles and motorcycles and came into effect from July 1, 2025, increasing prices significantly. According to the details, the NEV levy covers all vehicle categories from basic motorcycles to luxury SUVs. However, the policy exempts new energy vehicles (electric and hybrid cars), vehicles manufactured exclusively for export, diplomatic mission vehicles, and those belonging to international organisations with diplomatic privileges. Experts believe that the rate hike could dampen demand in the already struggling two-wheeler market, where affordability remains a key concern for buyers.
Business Recorder
09-07-2025
- Automotive
- Business Recorder
Pak Suzuki revises bike prices in Pakistan following NEV tax imposition
Pak Suzuki Motor Company (PSMC) announced revised retail prices for its motorcycle lineup, effective July 1, 2025. This follows changes introduced in the federal budget 2025-26, including the implementation of a new NEV [New Energy Vehicle] levy on automobile sales. In a notification to dealers, Suzuki appreciated their continued efforts in promoting the brand's sales and services. Following the revision, the GD110S is priced at Rs362,600, whereas, the GS150 is available for Rs392,900. Meanwhile, the GSX125 now costs Rs504,900, and the GR150 is priced at Rs552,900. Moreover, the INAZUMA GW250JP carries a retail price of Rs1,252,400. In its notification, PSMC said that these prices are inclusive of ex-factory product cost, and freight charges incurred in delivering motorcycles to dealership premises. Days ago, Atlas Honda, which holds over half of the motorcycle market share in Pakistan, increased the prices of its bikes by Rs2,000 to Rs6,000 per unit on account of new taxes. The NEV levy, introduced in the Finance Act 2025, applies to all internal combustion engine motor vehicles and motorcycles and came into effect from July 1, 2025, increasing prices significantly. According to the details, the NEV levy covers all vehicle categories from basic motorcycles to luxury SUVs. However, the policy exempts new energy vehicles (electric and hybrid cars), vehicles manufactured exclusively for export, diplomatic mission vehicles, and those belonging to international organisations with diplomatic privileges. The latest pricing revision marks a direct impact of the newly imposed NEV Levy, as the government pushes for a shift towards cleaner transportation alternatives.
Express Tribune
17-06-2025
- Automotive
- Express Tribune
GST hike feared to hit auto sales
Listen to article Pak Suzuki Motor Company has cautioned the government that the proposed increase in general sales tax (GST) in the budget for fiscal year 2025-26 may result in a significant decline in sales of the auto industry, which will negatively impact original equipment manufacturers (OEMs) as well as vendors. Discussing the negative impact of 18% GST, Pak Suzuki Managing Director Hiroshi Kawamura said that it would also affect employment across the automotive value chain, according to sources. He mentioned that economic growth was sustainable with 12% sales tax and any further increase would impact the entire auto industry. At present, around 2.5 million direct and indirect jobs are being provided by the automobile industry. "This number may further increase if 12.5% GST continues in this category," he said. Hiroshi Kawamura held a meeting with Special Assistant to Prime Minister on Industries Haroon Akhtar Khan on Tuesday to review the impact of the budget and the proposed new tariff policy. "The impact of higher sales tax is always borne by customers," Kawamura remarked. He voiced concern over the proposed increase in sales tax on vehicles below 850cc engine capacity from 12.5% to 18%, warning that such measures could adversely affect the sector. He stated that the tax hike could lead to higher vehicle prices, reducing affordability and dampening market demand. The price increase may also hinder industry growth and increase pressure on production. In response, the PM aide reiterated the government's resolve to support the auto industry as Prime Minister Shehbaz Sharif was committed to the sector's growth and was aware of the challenges. "Progress demands unity and collaboration. The auto industry is a vital source of employment and local manufacturing strength," he remarked. Haroon Akhtar assured the MD that the PM would not allow the sector to falter and pledged continued engagement with industry stakeholders to help navigate challenges and seize growth opportunities. Separately, the PM special assistant held a meeting with Master Changan Motors CEO Danial Malik to discuss the strategic challenges faced by the auto industry and potential implications of the budget. They deliberated on the importance of transitioning to New Energy Vehicles (NEVs), especially electric vehicles, as a national priority. Malik stressed the need for sustained policy support and industry-friendly measures to ensure a stable and growth-oriented environment. Haroon Akhtar reaffirmed the government's commitment to implementing a sustainable and modern auto policy aligned with global trends. He announced that the EV policy would be unveiled soon. "The prime minister envisions a globally competitive auto industry," he said. "Our EV policy will provide a comprehensive framework for infrastructure development, investment incentives and policy facilitation." He added that special incentives would be offered to promote the adoption of EVs, which would support long-term industrial growth and environmental sustainability.
Express Tribune
12-03-2025
- Automotive
- Express Tribune
Wagon R bookings permanently suspended by Pak Suzuki
Listen to article Pak Suzuki Motor Company has announced the permanent suspension of bookings for all variants of its Wagon R hatchback, effective March 11. This move comes after months of speculation following the suspension of bookings for the top variant of the model. In an official communication to its dealers, the company confirmed that the decision applies to all Wagon R variants and instructed sales teams to inform potential customers accordingly. The Wagon R was first introduced in Pakistan in 2014, offering three variants: the VX, priced at Rs899,000, the VXR at Rs1,049,000, and the VXL at Rs1,089,000. Over time, the base VX variant was discontinued, and the AGS variant, which featured an automated gear shift transmission and an airbag, was launched in 2020 at a price of Rs1,890,000. Prices for the Wagon R increased significantly over the years. The most recent pricing saw the VXR variant priced at Rs3,214,000, the VXL at Rs3,412,000, and the AGS model at Rs3,741,000. However, sales of the Wagon R have shown a notable decline. Between July 2024 and February 2025, Pak Suzuki sold just 1,608 units of the Wagon R, compared to 2,285 units during the same period the previous year. In comparison, Suzuki's other models showed stronger performance, with Suzuki Swift recording 5,295 units sold, Suzuki Cultus 1,887 units, and Suzuki Alto 28,194 units during the same period.
Express Tribune
24-02-2025
- Automotive
- Express Tribune
Pak Suzuki announces price hike for Alto variants
Listen to article Pak Suzuki Motor Company has announced a price hike for its car models, with increases reaching as high as Rs120,000, effective from February 25, 2025. The automaker cited upgrades to its Suzuki Alto variants as the reason for the price revision. The Suzuki Alto VXR MT now costs Rs2,827,000, reflecting a rise of Rs120,000. Meanwhile, the Alto VXR AGS and Alto VXL AGS see an increase of Rs95,000, bringing their new prices to Rs2,989,000 and Rs3,140,000, respectively. The price of the Suzuki RAVI pickup has also risen by Rs100,000, now priced at Rs1,956,000. In a statement, the company emphasized its commitment to providing high-quality products, with the upgrades aimed at improving safety and comfort to meet customer expectations. Alongside the price hikes, the Pakistan Automotive Manufacturers Association (PAMA) reported a notable surge in car sales in January 2025, with sales up by 73% month-on-month to 17,010 units. Year-on-year, car sales have increased by 61%, signalling a robust recovery in the country's automotive market.
