Due to an inventory deficit, Pak Suzuki Motor Company (PSMC) has prolonged its current round of non-production days (NPDs).
According to a recent notification, the corporation has extended the suspension of assembly operations until July 15. This adds up to a 24-day period of no production from June 22 to July 15.
Due to an inventory deficit, Pak Suzuki Motor Company (PSMC) has prolonged its current round of non-production days (NPDs).
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According to a recent notification, the corporation has extended the suspension of assembly operations until July 15. This adds up to a 24-day period of no production from June 22 to July 15.
Suzuki, Pakistan’s top carmaker in terms of production and sales, has taken a beating. Due to a scarcity of supplies, the company paused motorcycle assembly earlier this month for 5 days — from June 12 to June 16.
Later, it halted both car and bike production from June 22 to July 8, which has now been extended to July 15.
Suzuki addressed a letter to Prime Minister Shahbaz Sharif in the first week of June, bringing the deplorable status of the automobile industry to his notice, stating:
We would like to draw to your attention that PSMC is currently experiencing its worst period in its 40-year history. Due to present economic uncertainty, the corporation has already experienced massive losses of Rs. 12.9 billion in the first quarter of this year. Throughout the year, the corporation also observes multiple “No Production Days.” Furthermore, our dealers and vendors are suffering greatly as a result of the current economic and commercial scenario, with some of them already closing.
According to recent news, the government has raised tax rates on all locally made vehicles while not relaxing import prohibitions. With the current state of affairs, the auto industry’s future is bleak.
