Suzuki adds to car brands suspending exports to Russia 

Updated Mar 11, 2022 | Same topic: Automotive Industry Updates

It joins other automakers in stopping operations within the conflict areas. 

Magyar Suzuki, the Japanese automaker’s subsidiary in Hungary, is now included in the list of car manufacturers halting automobile exports to both Russia and Ukraine. This announcement comes as the conflict between the two East European countries raged on for the second straight week.     

Magyar Suzuki plant 1

Suzuki's subsidiary in Hungary is stopping vehicle exports to both Russia and Ukraine

Reuters reports that the automaker has suspended export activities to either side, in a sign that the ongoing war is spilling over to the rest of the region. 

“Our company has no direct Tier 1 suppliers in the areas affected,” said Magyar Suzuki spokesperson Zsusanna Bonnar-Csonka. “However, we are continuously monitoring the entire supply chain,” adding that the worldwide shortage of semiconductor ships remains the biggest challenge. 

Assembled Suzuki Vitara units

The company is transferring affected orders to other markets

According to Magyar Suzuki, it delivers about 10,000 cars to Russia and Ukraine on a yearly basis, with both markets accounting for roughly one-tenth of its annual exports. Recent figures place the company’s total sales in 2020 at 119,098 cars, including 101,672 vehicles in overseas markets. Among these is the fourth-generation Suzuki Vitara compact crossover sold in the Philippines. 

The suspension of vehicle exports to Russia and Ukraine has left Magyar Suzuki with a surplus of affected orders, which it said is being redirected to other markets to maintain its scheduled production volumes. 

Suzuki Vitara

Is a price increase looming for the Philippine-spec Suzuki Vitara?

Bonnar-Csonka said that Magyar Suzuki’s operations have been further impacted by rising energy costs and the weakening of Hungary’s currency, the forint, which has shrunk by 3 percent against the euro. She says that the company may eventually have no choice but to implement price increases to pass on the added costs to customers.        

Other carmakers in Hungary include German marques Mercedes-Benz and the Volkswagen Group through its subsidiary Audi. Both automotive giants have also made their moves in connection with the Russia-Ukraine conflict. The Volkswagen Group has stopped its operations in Russia, while Mercedes-Benz has donated 1 million euros (Php 57.4 million) to the Red Cross for humanitarian assistance.

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Know more about Suzuki

Suzuki

Suzuki Philippines Inc. (SPH) offers 11 new models with a price that starts at ₱499,000 and goes up to ₱1,175,000. It includes 10 passenger cars and one commercial vehicle which is the Suzuki Carry. In the hatchback category, Suzuki Philippines offers the Suzuki S-Presso, Suzuki Swift, and Suzuki Celerio. As for sedans, the Japanese automaker has the Suzuki Dzire. SPH has two MPV offerings, namely the Suzuki Ertiga and Suzuki APV. And the crossover/SUV lineup of the small car manufacturer consists of two models. There's the Suzuki XL7, and Suzuki Jimny.

In addition to the monthly Suzuki car price list, Philkotse.com always ensures that it is the address that provides all the best promotions from all dealers in the Philippines along with prepaid and paid programs, and the lowest monthly contribution that car buyers cannot ignore.

Looking for your dream Suzuki cars? Interested to know the Suzuki Cars Philippines price list for 2023? Browse through hundreds of quality vehicles here in Philkotse.com. Also, stay updated with the latest news, car reviews, and everything you need to know about your favorite car brands.

Joseph Paolo Estabillo

Joseph Paolo Estabillo

Author

Joseph holds a degree in Journalism from the University of the Philippines Diliman and has been writing professionally since 1999. He has written episodes for CNN Philippines' motoring show Drive, and has worked on corporate projects for MG Philippines and Pilipinas Shell. Aside from being Philkotse.com’s Content Lead, he also writes content for numerous car dealerships in the U.S., spanning multiple brands such as Alfa Romeo, Chrysler, Dodge, Jeep, and Maserati, among others.

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