Ghandhara Automobiles Limited (GAL), formerly known as Ghandhara Nissan Limited (GNL), has temporarily closed its assembly plant. The reason for the shutdown, however, is not the dreaded ‘inventory shortage’ that the auto industry has grown accustomed to.
The company cited “extensive upgradation activities in the paint shop” as the reason for the indefinite production halt in the official notification.
The following is the notification:
Ghandhara in Terms of Sales?
This development begs the question of how the company’s sales will fare during the shutdown. The automaker will rely on pre-production units in its inventory, according to the answer.
Chery Pakistan, GAL’s automotive assembly and sales partner, has niche products in the form of the Tiggo 4 and Tiggo 8 Pro. Tiggo 4 Pro belongs to the B segment, while Tiggo 8 belongs to the C+ segment. These are not the most popular categories in Pakistan.
Ghandhara Nissan Limited (GHNL) informed the Pakistan Stock Exchange (PSX) on Monday that it had decided to close its facility from March 6 to 10.
Additionally, the corporation noted that starting on March 13 production would resume on a different weekly schedule.
Ghandhara Nissan Statement on Closure of Its Plant
“In light of the recently introduced mechanism vide EPD Circular No. 20 of 2022 dated December 27, 2022, (effective from 2nd January 2023), commercial banks are advised to prioritize/facilitate the imports to essential sectors only, which does not include auto sector.”
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