Pak Suzuki Motor Company has just raised the prices of all of its products by 3% which will go in effect starting today. This information was released by the authorized dealers of the company.
Every Suzuki Car Has Went Up In Price
Taking effect from August 1, every single car produced by Suzuki will be around RS 20,000 to Rs 30,000 more expensive.
This has also raised the share price of the company by 3% starting today with which they finished at RS 413.5. Earlier this year, Suzuki also raised the price of Wagon R by 2%.
Pak Suzuki Suffered Massive Losses This Year
Suzuki recently announced its second-quarter results with a profit of RS 388 million which is down by 67% if compared from the last year’s RS 1.47 billion in the same quarter.
The results have been nothing short of complete disappointment and below market expectations.
Sales of Pak Suzuki motor company has also seen a fall by 7% this year. Analysts believe this is due to the drop in volumetric sales after the Apna Rozgar Taxi Scheme by the Punjab Government.
Suzuki Releases New TVC To Attract Customers
Clearly Suzuki is not performing up to the mark. To attract customers and drive more sales, the company also released a new TVC to market their products.