After KIA Motors | Suzuki also Decreased the Car Prices
After KIA Motors | Suzuki also Decreased the Car Prices
A few days ago, KIA Motors announced a major reduction in the prices of its vehicles. After seeing this, Suzuki also reduced the prices drastically. Suzuki Swift has slashed the prices of all three models. Suzuki Swift has reduced the price of its model GL MT by Rs 85 thousand. The new price of this vehicle is now 4336000. Apart from this, the Suzuki Swift model GL CVT has been priced at 159,000. The new price of this vehicle is now 4560000. Suzuki Swift’s model GLX CVT has seen the biggest price drop; the current price of this vehicle is now 4719000. The price of this vehicle has been reduced by Rs 710000. The new prices were implemented on May 1.
Due to the falling prices of other vehicles, Suzuki has also had to reduce the prices of its cars. Earlier, KIA Motors also announced a big reduction in the prices of its vehicles. KIA has slashed the STONIC model of its car by Rs 1513,000. In the coming days, the prices of these vehicles can be expected to decrease further. Apart from this, other companies can also reduce the prices of cars to compete. There are various reasons for such a huge drop in vehicle prices.
At this time, very cheap Chinese cars have come onto the market, which has affected the sales of big companies; in addition to this, the trend of people towards electric cars is also increasing, due to which the prices of petrol and diesel vehicles have increased. There has been a decline. Apart from this, all the companies have accumulated more stock, and there are fewer buyers; this is also a major reason why the vehicles are cheaper. Now it is to be seen whether this continuation of price reduction is maintained or it may increase again in the coming days. After a month, the budget will be presented in Pakistan, and Pakistan can also impose more taxes on vehicles under strict conditions of the IMF, Which can make cars expensive again.
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