He has demanded of the President and the Prime Minister to look into this arbitrary increase in the prices of locally assembled cars and direct assemblers not only to bring it down to its previous levels and also reduce it to make the ordinary people able to own his transport.
He said immediately after instructions from the State bank of Pakistan in respect of premium (black money) financing from commercial banks and financial institutions, local automobile assemblers have increased their prices. "It is a matter worth looking into," he added.
He has also demanded probe into the sudden and uncalled far raise in the prices of cars being assembled under the name of Suzuki and Honda products.
Shahzad said in the past, local assemblers had been asked to reduce the price of their cars but in vein.
According to market sources old price of Sizuki Mehran VX has gone up from Rs 305,000 to Rs 320,000; Mehran VX CNG from Rs 330,000 to Rs3 50,000; Mehran VXR from Rs 350,000 to Rs 365,000; Mehran VXR CNG from Rs 375,000 to Rs 395,000; Alto VX from Rs 419,000 to Rs 424,000; Alto VXR from Rs 464,000 to Rs 469,000; Alto VXR CNG from Rs 401,000 to Rs 504,000; Cultus VX from Rs 504,000 to Rs 509,000; Cultus VXR from Rs 555,000 to Rs 560,000; Cultus VXR-CNG from Rs 558,000 to Rs 595,000; Cultus VXL from Rs 604,000 to Rs 609,000; Baleno JXR from Rs 739,000 to Rs 749,000; Baleno JXL from Rs 799,000 to Rs 809,000; Baleno JXL CNG from Rs 834,000 to Rs 849,000; and Ravi CNG from Rs 339,000 to Rs 344,000.
Honda Civic have raised its prices for Honda EXI MT from Rs 962,000 to Rs 1,002,000; Honda EXI P/T from Rs 1,002,500 to Rs 1,042,000; Honda VTI M/T from Rs 1,107,500 to Rs 1,1 47,000; Honda VTI M/T UG from Rs 1,157,500 to Rs 1,187,000 and Honda VTI PT SR from Rs 1,247,000 to Rs 1,287,000.
Similarly, Honda City prices have gone up for Honda City EXI-S MT from Rs 795,000 to Rs 835,000 and Honda City EXI A/T from Rs 845,000 to Rs 885,000.