Rates of Bolan and Ravi also revise­d upward­sKARACHI: In an anticipated move, Pak Suzuki Motor Company (PSMC) has increased prices of different variants in the range of Rs10,000-Rs20,000, effective from January 1, 2018. The prices of Suzuki Bolan and Ravi have been increased by Rs10,000, Mehran’s VX and VXR variants also get costlier by Rs10,000 (price of CNG variants remains unchanged), while Wagon-R VXR and VXL will now be expensive by Rs20,000. Last week, Indus Motor Company – the makers of Toyota Corolla in Pakistan – increased prices of some of its variants by Rs50,000-60,000. After Pak Suzuki and Indus Motor, analysts say Honda Atlas Cars is also expected to raise the prices of its cars soon. According to the PSX data, the market capitalisation of Pak Suzuki, Indus Motor and Atlas Honda Cars shrunk to Rs246.1 billion, down 9.73% from Rs272.7 billion in 2016.

Source: The Express Tribune January 01, 2018 16:40 UTC