Tue, 21-Oct-2025

Pak Suzuki Extends Shutdown of Automobile and Motorcycle Plants

Pak Suzuki Motors

Pak Suzuki extends closure of automobile and motorcycle plants until July 19 due to inventory shortage. PSMC recorded its highest-ever quarterly loss of Rs12.9 billion in the first three months of 2023. Pakistan’s auto sector faces challenges including import restrictions and limitations on Letters of Credit (LC). Pak Suzuki Motor Company (PSMC) has decided to … Read more

Kia Sportage and competitors’ 2021 vs 2022 price comparison

Kia Sportage and competitors
  • Kia Sportage has long been a top performer in its market.
  • Industry experts predict that sales will continue to drop in the future.
  • This is happening as a result of catastrophic inflation and a production halt.

The recent price reductions followed by the most recent price hikes have changed the face of the Pakistani auto sector.

Particularly C-segment crossovers have seen a sharp price increase and have evolved into specialist goods.

The Kia Sportage has long been a top performer in its market, with affordability being one of its defining characteristics. It is now far away from the inexpensive crossover it once was, which also applies to its rivals.

The price increases for Sportage and its rivals since August 2021 (or the time of debut) are as follows:

Note that only Pakistani compact crossover SUVs are included in this comparison.

Variants Price in August 2021 (Rs.) Prices in August 2022 (Rs.) Increase (Rs.)
                                                                       Kia Sportage
Alpha 4,294,000 6,250,000 1,956,000
FWD 4,782,000 6,750,000 1,968,000
AWD 5,270,000 7,250,000 1,980,000
                                                                      Hyundai Tucson
GLS Sport FWD 4,979,000 6,899,000 1,920,000
Ultimate AWD 5,469,000 7,399,000 1,930,000
                                                                        Proton X70
Executive AWD 4,590,000 6,740,000 2,150,000
Premium FWD 4,890,000 7,190,000 2,300,000
                                                                      DFSK Glory 580
1.5T CVT 4,229,000 5,610,000 1,381,000
1.8 CVT 4,379,000 5,806,000 1,427,000
Pro CVT 4,610,000 6,100,000 1,490,000
                                                                       Haval Jolion
1.5T FWD 5,725,000 6,020,000 295,000
                                                                           MG HS
Trophy Edition 5,749,000 8,499,000 2,750,000
PHEV 7,899,000 8,900,000 1,001,000
                                                                         Haval H6
1.5T FWD 6,495,000 7,425,000 930,000
2.0T AWD 7,499,000 (Launch Price) 8,499,000 1,000,000
                                                               Toyota Corolla Cross
Base Grade 7,689,000 12,249,000 4,560,000
Mid Grade 8,199,000 13,099,000 4,900,000
High Grade 8,399,000 13,419,000 5,020,000

Widespread Problem

As a result of a delay in the letter of credit (LC) approval for the CKD imports, HACL, Toyota Indus Motor Company (IMC), Pak Suzuki Motor Company (PSMC), and Kia Lucky Motor Corporation (KLMC) announced non-production days earlier this month.

Additionally, the most recent information from the Pakistan Automotive Manufacturers’ Association (PAMA) revealed a sharp fall in sales in July 2022.

PSMC, IMC, and HACL had a sharp decline in sales last month, while Hyundai Nishat Motor Company Limited (HNMPL) failed to sell even one Elantra or Sonata.

Due to catastrophic inflation, price increases, and recurrent production halts, industry experts predict that sales will continue to drop in the future.

 

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Haval H6 price cuts; upto Rs. 300,000

Haval H6 price cuts
  • Sazgar Engineering has lowered the pricing of the Haval H6 in line with other automakers.
  • The company recently raised its price by an unexpected Rs. 1.3 million.
  • Haval H6 now faces competition that is even tougher than before.

Sazgar Engineering Works Limited (SEWL) has lowered the pricing of the Haval H6 in line with Toyota Indus Motor Company (IMC), Honda Atlas Cars Limited (HACL), Pak Suzuki Motor Company (PSMC), and other automakers.

The company recently raised its price by an unexpected Rs. 1.3 million in response to the US Dollar (USD) rate increase.

The company has reported a modest decrease in the price of H6 due to the easing of import restrictions and depreciation of the USD rate.

As of August 19, the following pricing is in effect:

Models Old Price (Rs.) Revised Price (Rs.) Decrease (Rs.)
Haval H6 1.5 FWD 7,599,000 7,425,000 174,000
Haval H6 2.0 AWD 8,799,000 8,499,000 300,000

Due to its distinctive dimensions, the Haval H6 competes with both medium and compact SUVs.

Its primary rivals are the DFSK Glory 580 Pro, MG HS, Changan Oshan X7, Chery Tiggo 8 Pro, and Changan Oshan X7.

The base model has a 1.5-liter turbocharged 4-cylinder engine that generates 147 horsepower and 220 Nm of torque.

A 7-speed DCT automated transmission drives the front wheels. A comparable gearbox connects the top model’s 2.0-liter turbocharged 4-cylinder engine, which produces 224 horsepower and 385 pound-feet of torque, to all four wheels.

Although the recent price reduction did not bring the H6 on pace with its rivals, it did make the SUV a little more desirable.

Primarily because, despite its lack of practicality, the H6 outperforms its rivals in terms of performance, notably the 2.0 AWD model.

However, considering the current fuel prices, few individuals will favor large gas guzzlers. Given these elements, H6 now faces competition that is even tougher than before.

 

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Pak Suzuki slash car prices

Pak Suzuki slash car prices
  • Pak Suzuki Motor Company (PSMC) has announced a price decrease for its vehicles.
  • The company previously raised pricing dramatically, making its vehicles unaffordable.
  • Although the corporation has announced a little price reduction, the prices are still substantially higher than they were before.

The Pak Suzuki Motor Company (PSMC) recently announced a price decrease, continuing the much-appreciated wave of car price reductions.

Toyota Indus Motor Company (IMC) has lowered the prices of its automobiles as a result of a decline in the US Dollar exchange rate (USD) since June 29, and PSMC has just done the same.

The following are the new prices, which take effect right away:

Variants Old Price (Rs.) New Prices (Rs.) Increase (Rs.)
                                                     Alto
Alto VX 1,789,000 1,699,000 90,000
Alto VXR 2,079,000 1,976,000 103,000
Alto VXL 2,399,000 2,223,000 116,000
                                                  Wagon R
Wagon R VXR 2,549,000 2,421,000 128,000
Wagon R VXL 2,699,000 2,564,000 135,000
Wagon R AGS 2,949,000 2,802,000 147,000
                                                    Cultus
Cultus VXR 2,879,000 2,754,000 125,000
Cultus VXL 3,164,000 3,024,000 135,000
Cultus AGS 3,379,000 3,234,000 145,000
                                                     Swift
Swift GL M/T 3,349,000 3,180,000 169,000
Swift GL CVT 3,599,000 3,420,000 179,000
Swift GLX CVT 3,959,000 3,760,000 199,000
                                              Bolan/Ravi
Ravi 1,499,000 1,349,000 75,000
Bolan VX 1,579,000 1,500,000 79,000
Bolan Cargo 1,566,000 1,487,000 79,000

It is important to note that PSMC has raised pricing dramatically, making its vehicles unaffordable for the majority of buyers.

Although the corporation has announced a little price reduction, the prices are still substantially higher than they were before the most recent price increases. Nevertheless, it is a positive move that will probably inspire additional automakers to do the same.

 

 

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Hyundai sedan sales plunge to zero

Hyundai sedan sales
  • Sales at Hyundai Nishat Motors Private Limited (HNMPL) fell by 89 percent MoM to 213 units.
  • Hyundai was unable to sell even one unit of the Elantra or Sonata.
  • Due to debilitating inflation, price increases, and significant delivery delays, all automakers anticipate a sharp fall in demand.

Due to production cuts by major automakers, unprecedented inflation, and high taxes, vehicle sales fell precipitously in July 2022.

According to the most recent figures from the Pakistan Automotive Manufacturers Association (PAMA), automakers (PAMA members only) sold 11,837 vehicles in total last month, a staggering 58 percent reduction month over month (MoM).

2,408 vehicles were sold by Toyota Indus Motor Company (IMC), a 62 percent MoM reduction in sales. While Pak Suzuki Motor Company (PSMC) sold 6,679 automobiles with a 58 percent increase in sales, Honda Atlas Cars Limited (HACL) performed relatively better by selling 2,537 cars with a 37 percent MoM decline.

Sales at Hyundai Nishat Motors Private Limited (HNMPL) fell by 89 percent MoM to 213 units. Hyundai was unable to sell even one unit of the Elantra or Sonata, therefore they continued to be the worst-selling vehicles.

The following list includes several well-known cars’ monthly sales:

Passenger Vehicle Sales
Passenger Vehicles Units Sold in June 2022 Units Sold in July 2022 Month on Month %age Difference
PSMC
Cultus 2,468 661 -73%
Alto 7,487 4,618 -38%
Wagon R 2,134 282 -87%
Bolan 1,216 353 -71%
Swift 1,676 321 -81%
Toyota IMC
Corolla 2,626 1,087 -59%
Yaris 1,827 647 -65%
Fortuner 702 347 -51%
Hilux 1,154 294 -75%
Honda Atlas
Civic 657 422 -36%
City 2,764 1,986 -28%
BR-V 482 129 -73%
Hyundai Nishat
Tucson 897 104 -88%
Elantra 490 0 -100%
Sonata 201 0 -100%

Automobile manufacturers and experts anticipated a decline in sales as a result of price increases, citing growing transportation costs, raw material costs, fuel costs, and the depreciation of local currencies.

According to some experts, sales will continue to grow through September 2022. However, manufacturers’ observance of non-production days is what caused the early decline (NPDs). Due to debilitating inflation, price increases, and significant delivery delays, all automakers anticipate a sharp fall in demand in the coming days.

 

 

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Suzuki face massive drop in sales in July 2022

Suzuki face massive drop
  • Pak Suzuki saw a sharp fall as a result of recent production-related difficulties.
  • The company sold less than 6,800 units, seeing an MoM decline of more than 60%.
  • According to experts, sales will drop for all automakers.

In July 2022, Pak Suzuki Motor Company (PSMC) saw a sharp fall as a result of recent production-related difficulties.

According to industry reports, the company sold less than 6,800 units, seeing a month-over-month (MoM) decline of more than 60%.

With almost 4,600 units sold, the Suzuki Alto continued to account for the majority of sales. According to an unofficial claim, PSMC was unable to sell any of the remaining lineup cars in quantities of more than 500. This represents the year’s lowest sales for PSMC.

A Significant Issue

Sales decreases and production bottlenecks were already anticipated by the auto industry.

The CEO of Toyota Indus Motors, Ali Asghar Jamali, stated during its financial briefing earlier this year that the rise in freight prices, raw material costs, inflation, and other operational issues will cause a sales decline of up to 25%.

With the addition of production pauses, Honda Atlas Cars Limited (HACL) expressed the same worries in its most recent financial briefing.

The government’s refusal to accept letters of credit was also cited as the cause of the manufacturing and delivery delays.

It claimed that 40% of its sales come from consumer financing, but that due to high-interest rates, that percentage will fall to 30%.

In addition, a number of significant manufacturers are observing production-free days as a result of CKD procurement delays.

According to experts, sales will drop for all automakers, and it will take some time for the sector to recover from the current economic uncertainty.

 

 

[embedpost slug=”price-comparison-of-suzuki-alto-and-rivals-in-2021-22/”]

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Auto companies anticipate low earnings due to currency devaluation

vehicle

KARACHI: The auto companies’ earnings growth is expected to remain slow on account of currency devaluation and higher cost of raw materials, especially steel, as well as increasing freight cost, an analyst at the KASB said on Monday. “The earnings of auto universe will slow down, despite anticipating record sales this quarter accredited to strong … Read more