Pak Suzuki Raises Car Prices Due to Tax Hike and NEV Levy
Pak Suzuki Motor Company has increased prices for all its vehicle models following a rise in sales tax from 12.5% to 18% and the introduction of a New Energy Vehicle (NEV) levy. The price adjustments, effective from July 1, 2025, have impacted various Suzuki models like Alto, Cultus, Swift, and Ravi.
Pak Suzuki Motor Company (PSMC) has increased the prices of all its vehicles due to a rise in the sales tax rate from 12.5% to 18% and the introduction of a New Energy Vehicle (NEV) levy. This has significantly impacted vehicle costs.
The new prices, effective from July 1, 2025, have resulted in price hikes for various Suzuki models like Alto, Cultus, Swift, and Ravi.
PSMC informed dealers about the new prices through a circular, with increases of up to Rs 186,000.
The company attributed these price changes to higher government taxes and the NEV levy, which have increased the overall production and sales costs of vehicles.
New Suzuki Car Prices:
| Car Model | Old Price (Rs.) | New Price (Rs.) | Price Increment (Rs.) |
|---|---|---|---|
| Alto VXR | 2,827,000 | 2,994,861 | 167,861 |
| Alto VXR AGS | 2,989,000 | 3,166,480 | 177,480 |
| Alto VXL AGS | 3,140,000 | 3,326,446 | 186,446 |
| Cultus VXR | 4,089,000 | 4,089,490 | 40,490 |
| Cultus VXL | 4,316,000 | 4,359,160 | 43,160 |
| Cultus AGS | 4,546,000 | 4,591,460 | 45,460 |
| Swift GL MT | 4,416,000 | 4,460,160 | 44,160 |
| Swift GL CVT | 4,560,000 | 4,605,600 | 45,600 |
| Swift GLX CVT | 4,719,000 | 4,766,190 | 47,190 |
| Every VX | 2,749,000 | 2,912,230 | 163,230 |
| Ravi VXR | 2,799,000 | 2,965,200 | 166,200 |
| Ravi Pickup | 1,956,000 | 1,975,560 | 19,560 |
| Ravi Without Deck | 1,881,000 | 1,899,810 | 18,810 |
The NEV levy, introduced under the Finance Act 2025, affects all internal combustion engine vehicles and motorcycles, leading to price hikes across various vehicle categories. The policy exempts electric and hybrid cars, vehicles made exclusively for export, and those used by diplomatic missions or international organizations with diplomatic privileges.
Lucky Motor Corporation (LMC) also raised KIA car prices due to the NEV Levy, Pakistani rupee depreciation, and increasing international freight costs.
According to the source: Profit by Pakistan Today.
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