KARACHI – Pakistan’s leading car maker Suzuki has announced another plant shutdown to date in the current economic crisis as it is struggling to import raw materials due to severe curbs imposed by the incumbent government amid a dollar shortage.
In a notice to Pakistan Stock Exchange, the company maintained that its motorcycle plant will shut down till April 15 and automobile plant operations will remain suspended from April 7 to April 14 as supplies dry out.
The notice reads “Due to a shortage of inventory level, the management of the company has decided to extend shutdown period of its motorcycle plant till April 15, 2023”.
Pak Suzuki Motor Company has announced the shutdown of its automobile plant operations from April 7 to April 14 besides extending the shutdown of its motorcycle plant till April 15.#Pakistan #SuzukiMotor #SupremeCourt #ImranKhan #ShehbazSharif #Cars @SuzukiPakistan pic.twitter.com/uGFW8Hhzc6
— Raja Furqan Ahmed (@furqanraja1122) April 3, 2023
Suzuki is Pakistan’s leading car manufacturer as it offers famous hatchbacks, pickups, vans, 4x4s, and motorcycles as well as related spare parts.
In March, Pak Suzuki announced the shutdown of its motorcycle plant for around two weeks till March 31 in wake of the continued shortage of raw materials.
The country’s auto industry has been facing severe issues mostly due to import curbs while carmakers are offering customers to cancel bookings and claim refunds.
Amid staggering price hikes, the sales of several vehicles also plunged as the auto industry bears the brunt amid an uncertain economic situation. Pakistan’s auto industry is mostly dependent on imports and remained under stress amid the shocking depreciation of the local currency, and imposed curbs on the LCs.
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