Suzuki motorcycle enthusiasts in Pakistan were in for a surprise when Pak Suzuki Motor Company (PSMC) announced yet another hike in bike prices in May 2023. This is the fifth time the company has increased the prices of its motorcycles this year, with the most recent hike being up to Rs. 20,000 on some popular models.
New Prices for Suzuki Motorcycles
As of May 9, 2023, the new ex-factory prices for PSMC's most popular motorcycles are as follows:
| Model |
Old Price (Rs.) |
New Price (Rs.) |
Increase (Rs.) |
| GD 110S |
PKR 322,000 |
PKR 335,000 |
PKR 13,000 |
| GS 150 |
PKR 350,000 |
PKR 364,000 |
PKR 14,000 |
| GSX 125 |
PKR 469,000 |
PKR 488,000 |
PKR 19,000 |
| GR 150 |
PKR 501,000 |
PKR 521,000 |
PKR 20,000 |
Reasons Behind the Price Hike
While the company has not officially announced the reason behind this price hike, the recent inflationary pressures on the economy are likely the main culprit. This has led to a significant increase in the cost of raw materials, production, and logistics, which has been compounded by PSMC's operational difficulties. The company has faced several rounds of non-production days for both cars and bikes this year. The latest NPDs for motorcycles will run from May 2 to May 9, 2023, due to inventory shortages, according to an official notice to the Pakistan Stock Exchange.
Impact on Motorcycle Enthusiasts
The recent price hike has not gone unnoticed, and many motorcycle enthusiasts are disappointed by the increase in prices. While Suzuki motorcycles are still considered some of the best in the market, the increase in prices is making them less accessible for many people. Some people fear that this trend may continue and that affordable motorcycles may become a thing of the past in Pakistan.
Future Implications
The recent hike in prices has sparked concerns among consumers, with many wondering if this trend will continue. The affordability of two-wheelers is a significant concern for many people in Pakistan, where motorcycles are the primary mode of transportation for millions. With the rising costs of living and economic uncertainty, it remains to be seen if affordable motorcycles will become a thing of the past in Pakistan.
In conclusion, the recent price hike of Suzuki motorcycles by PSMC is a significant blow to the affordability of two-wheelers in Pakistan. While the reasons behind the increase are likely due to the inflationary pressures on the economy and operational difficulties faced by the company, motorcycle enthusiasts are still disappointed by the increase in prices. As a result, it remains to be seen if affordable motorcycles will become a thing of the past in Pakistan.