KARACHI – Pak Suzuki Motors, the assembler of Suzuki vehicles in the country, on Wednesday announced the temporarily shutdown of its production plant from February 13, 2023, to February 17, 2023
The auto giant announced the fourth shutdown of 2023 amid severe disruptions in the supply chain in wake of the ban on imports.
In a disclosure to the Pakistan Stock Exchange Limited, Pak Suzuki Motors notified that it will halt all production from February 13, 2023, to February 17, 2023, citing a continued shortage of inventory level.
The carmaker earlier announced the non-production days (NPD) from January 2 to January 6, from January 9 to January 13, and from January 16 to January 20 in 2023. The disruption was also observed from August 18 to August 19, August 22 to August 26, August 29 to August 31, October 19 to October 21, and October 24 to October 26, in the last year.
With these Non-Production Days, the carmaker will spend 20 calendar days out of a total of 48 not producing vehicles. The company earlier suspended taking new bookings for its two-wheelers starting January 20 for an indefinite period; it also cited import-based supply chain constraints.
It however maintained that bookings will start again as the situation becomes encouraging.
The auto industry of South Asian nation is mostly dependent on imports and remained under severe stress amid the shocking depreciation of the local currency, and imposed curbs on the LCs. Besides auto, several other Industries are bearing the brunt in operations amid a huge slump in foreign exchange reserves held by the country’s central bank.
Amid the uncertain vehicle delivery situation, Suzuki along with other players raised prices of various models by up to 0.35 million. Here are the new rates:
