In a surprising turn of events, Pak Suzuki Motor Company has announced a significant price drop for its Swift variants. The company has termed this as a “limited time offer”, and it has sent ripples across the automobile industry in Pakistan.
The Suzuki Swift GL CVT, previously priced at Rs4,719,000, will now be available at a reduced price of Rs4,560,000, marking a decline of Rs159,000. However, the most substantial price drop was observed in the Swift GLX CVT variant. The price plummeted from Rs5,429,000 to Rs4,719,000, a whopping decrease of Rs710,000.
Shafiq Ahmed Shaikh, Head of Corporate Affairs at Pak Suzuki Motor Company, confirmed the price reduction on all Suzuki Swift variants. He attributed this decision to the company’s return to economic stability and the absence of currency fluctuation. Shaikh also acknowledged the role of the government and the Special Investment Facilitation Council (SIFC) in this development.
In related news, Lucky Motor Corporation also announced a significant price drop for KIA’s Stonic EX+. The revised price, effective from April 29, is Rs4,767,000, down by Rs1,513,000 from its previous price.
According to Mohammad Abrar, an auto analyst at Arif Habib Limited, these decisions aim to revive demand and capture more market share in an increasingly competitive automobile market.
With the latest revision, the Suzuki Swift GL MT will now be sold at Rs4,336,000, marking a drop of Rs85,000 from its previous price. This Suzuki Swift price drop in Pakistan is indeed a game-changer in the industry. It remains to be seen how the market will respond to this limited-time offer.
