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Car Prices Go Up After July 1 Budget: Suzuki Announces New Rates

Editor Isb by Editor Isb
July 3, 2025
in National
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ISLAMABAD: Pak Suzuki Motor Company (PSMC) has increased the prices of its entire vehicle lineup following the implementation of the Federal Budget 2025–26. The new prices came into effect from July 1, 2025, as announced in an official circular issued by the company.

The company has clarified that the price hike is solely due to government-imposed taxes and levies under the new Finance Act 2025, particularly the NEV (New Energy Vehicle) Levy, and not due to any increase in production or economic costs. The NEV levy, which targets all internal combustion engine (ICE) vehicles, has significantly impacted retail prices across all major car models.

Under the new policy, ICE vehicles—including motorcycles and cars—are subject to a new tax structure:

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  • 1% NEV levy on vehicles up to 1,300cc

  • 2% on 1,301cc to 1,800cc

  • 3% on vehicles above 1,800cc

Additionally, vehicles are now taxed at 18% standard sales tax (up from 12.5% for some small vehicles) and a separate 1% ad valorem levy for cars below 1,300cc. The Suzuki Cultus, for example, with a 1,000cc engine, falls under the 1% NEV and ad valorem brackets.

Electric vehicles, hybrids, diplomatic vehicles, and export-only models are exempted from the NEV levy.

According to the PSMC circular, the updated prices also include the Federal Excise Duty (FED), Sales Tax, and NEV Levy but exclude Advance Income Tax.

Here is a summary of the revised prices:

Revised Suzuki Vehicle Prices (Effective from July 1, 2025)

Model Variant Old Price (PKR) New Price (PKR) Increase (PKR)
Alto VXR 2,827,000 2,994,861 167,861
VXR AGS 2,989,000 3,166,480 177,480
VXL AGS 3,140,000 3,326,446 186,446
Cultus VXR 4,049,000 4,089,490 40,490
VXL 4,316,000 4,359,160 43,160
AGS 4,546,000 4,591,460 45,460
Swift GL MT 4,416,000 4,460,000 44,000
GL CVT 4,560,000 4,605,600 45,600
GLX CVT 4,712,000 4,759,190 47,190
Every VX 2,749,000 2,912,230 163,230
VXR 2,799,000 2,965,200 166,200
Ravi Pickup 1,956,000 1,975,560 19,560
W/O Deck 1,881,000 1,899,810 18,810

Among the most affected models is the Alto VXL AGS, which saw an increase of Rs 186,446, bringing its new price to over Rs 3.32 million. The Cultus AGS now costs Rs 4.59 million, reflecting an increase of Rs 45,460. The Swift GLX CVT has also gone up by Rs 47,190, taking its new price to Rs 4.76 million.

Pak Suzuki has followed Lucky Motor Corporation (LMC) in adjusting its prices after the budget was passed. The company emphasized that the revision was necessary to comply with the latest fiscal measures introduced by the government.

Tags: auto industry tax PakistanBudget 2025 car impactNEV levy Pakistannew car taxes PakistanSuzuki Alto Cultus price hikeSuzuki car prices July 2025Suzuki price after budgetSuzuki price list July 2025
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