Pak Suzuki Motor Company (PSMC) is set to mark the new year by increasing the prices of its car from January 1, 2020. According to media reports, the PSMC cars would witness a minimum Rs49,000 to a maximum Rs90,000 increase for different variants. It is pertinent to mention that the local auto manufacturers are constantly increasing the prices of their vehicles, which has caused a significant reduction in the sales of brand-new cars. Pak Suzuki has already increased the prices of its vehiclesfor five timesin the year 2019. On Dec 2, PSMC had hiked the prices of motorbikes by Rs8,000 (with effect from December 2019). Apart from Pak Suzuki, Atlas Honda had also increased the prices of its products.

© Pakistan Press International, source Asianet-Pakistan