The Pak Suzuki Motor Corporation (PSMC) said on Friday that it will continue to cease production until the end of March.
Suzuki, one of the top manufacturers of bikes in Pakistan, continued to experience operational difficulties as a result of harsh import restrictions, and it once more made the decision to close the bike assembly factory.
Bike Assembly Plant Operations Halted Due to Inventory Shortfall
The two-wheeler behemoth listed inventory shortfall as the reason for the shutdown of the assembly plant, which will last until March 31. The business will continue to operate its auto manufacturing.
Pak Suzuki twice in February and several times in the months before that they would be temporarily closing their auto facility.
It was discovered that the auto giant only able to sell less than 2,000 bikes in the past month due to having to repeatedly raise the costs of its bikes, with the least expensive one now costing over Rs. 293,000.
Due to the startling depreciation of the local currency and restrictions placed on LCs, the auto industry in the South Asian country is mostly dependent on imports and has been experiencing considerable stress. Several other industries, besides the auto industry, are currently struggling with operations.
To read our blog on “Pak Suzuki increased car prices again by up to Rs. 350,000,” click here.
