by Mushtaq Ghumman
ISLAMABAD: M/s Suzuki Motors has reportedly offered to reduce prices of different Suzuki models by Rs 0.1 million per car provided the government allows import of parts from India, well informed sources told Business Recorder.
M/s Suzuki which is facing an inquiry in the Competition Commission of Pakistan (CCP) for delayed delivery and overcharging consumers, in a letter to the Commerce Ministry had sought a policy decision with respect to India.
According to the company, Pak Suzuki Motor Company is ready to contribute and supplement the Government of Pakistan efforts and is fully committed to providing all ranges of vehicles at the best and lower pubes with high quality efficient engines and other facilities.
“As we have requested in our earlier letter, we require competitive and level playing field for providing vehicles at a much lower price than now. You are aware that the articles under HS codes 8703.2111, 8703.2191, 8703.2210, 8703.2311, 8703.2194, 8704.3110 are freely importable into Pakistan from all sources but one,” the sources quoted M/s Suzuki as saying in the letter.
The company which has a large market share argued that this policy is creating hurdles in pricing of its product range due to higher prices of inputs from other sources. “We request that these KS codes may be allowed to be imported from all sources into Pakistan in the upcoming Trade Policy,” the company added.
Suzuki Motors will reduce care prices by Rs0.1 million provide it is allowed to export parts from India.
M/s Suzuki further argues that its vendor family is in full agreement on this step and in its earlier letter referred above, has fully supported this in writing to your good-self. “The required policy intervention will help in creating more than 100,000 jobs, will attract more investment and will improve the quality of the vehicles in Pakistan resultantly, will increase consumer welfare and satisfaction.
This required policy intervention is in line with the Government policy of decreasing the cost of doing business in Pakistan, poverty alleviation and increase in Purchasing Power and decrease in current account deficit,” the letter continued.
Source: Business Recorder