In a little under a year, the price of cars in Pakistan has risen dramatically. Car companies across the country have announced successive price hikes since last year. Even the most affordable models, such as the Suzuki Alto, have become prohibitively expensive, with prices that the average salaried worker can scarcely afford.
These price hikes can be attributed to a number of factors, including the depreciation of the Pakistani rupee against the US dollar and an increase in the cost of production. Unfortunately, this has resulted in even basic car models becoming unaffordable luxuries for many people in Pakistan.
For instance, consider the Suzuki Swift – one of the country’s most popular cars. In March 2022, the base model of the Swift, known as the Suzuki Swift GL with manual transmission, was priced at Rs2,499,000. By March 2023, the same car jumped to Rs4,052,000 – an increase of Rs1,553,000.
Those looking for a more advanced version of the Swift are in for an even bigger shock. The mid-variant, the Suzuki Swift GL CVT with automatic transmission, was priced at Rs2,699,000 just a year ago. Today, that same model will set you back an astounding Rs4,355,000 – an increase of Rs1,656,000.
Furthermore, the top-of-the-line model, the Suzuki Swift GLX, has seen a significant price increase. One year ago, the GLX variant was priced at Rs2,899,000. Today, it costs an incredible Rs4,725,000 – a difference of Rs1,826,000.
Overall, the sharp rise in car prices in Pakistan has made car ownership an unattainable dream for many people. It remains to be seen whether anything will be done to alleviate the financial burden of car ownership in the country.
To provide a clear comparison, here is a table showcasing the prices of the three variants of the Suzuki Swift from March 2022 to March 2023:
|Model||March 2022 Price||March 2023 Price||Difference|
|Swift GL Manual||Rs2,499,000||Rs4,052,000||Rs1,553,000|
|Swift GL CVT||Rs2,699,000||Rs4,355,000||Rs1,656,000|
Leave a Reply