Pak Suzuki Motor Company (PSMC) is once again in a difficult situation as a result of the ongoing economic crisis. The company has decided to halt motorcycle assembly for 5 days due to a lack of inventory.
According to the official notice, the motorcycle assembly will be suspended from June 12 to June 16. With the dollar rate once again in a tizzy, Suzuki may raise bike prices following the resumption of production.
Suzuki Parts Manufacturers are in a difficult situation
Because of the car industry’s lackluster fiscal budget for 2023-24, car and bike production may continue to suffer. According to the official budget document obtained, the government has imposed a massive customs duty (CD) on the import of several car components.
The government has imposed a 35% duty on the import of automobile components. All auto parts have been charged the same rate, regardless of how simple or complex they are.
Taxes on such basic components are likely to act as a deterrent to price control or reduction in automobiles. The high CD is likely to be a major challenge for parts importers.
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