Business
Pak Suzuki Reduces Swift Price up to Rs 7 Lakh
Pak Suzuki Motor Company has announced a substantial price reduction of up to Rs. 710,000 for its Swift models, effective May 1, 2024.
This limited-time offer aims to stimulate demand and enhance market competitiveness in the challenging automotive sector.
The price adjustments include a reduction of Rs. 85,000 for the Swift GL MT, Rs. 159,000 for the Swift GL CVT, and a significant decrease of Rs. 710,000 for the Swift GLX CVT.
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The revised retail prices include FED and Sales Tax but exclude Advance Income Tax.
Shafiq Ahmed Shaikh, Head of Corporate Affairs at Pak Suzuki Motor Company, attributed the price reductions to the company’s aim to restore economic stability and minimize currency fluctuations.
He also acknowledged the supportive role of government policies and the Special Investment Facilitation Council (SIFC) in this decision.
This move by Pak Suzuki follows other significant price adjustments in the automobile market, including Lucky Motor Corporation’s recent price cut for KIA’s Stonic EX+ in Pakistan.
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Industry analysts view these price adjustments as strategic measures to capture a larger market share amid evolving market conditions.
