KARACHI – Pak Suzuki Motor Company has closed its motorcycle manufacturing facility in the absence of required parts and amid slowdown in sales.
Pakistan’s auto industry is in dire straits in the wake of an unfavourable operating environment and low demand for brand new vehicles due to huge surge in prices.
Amid the current situation, Pak Suzuki announced shutting down its plant for two-wheelers for a week time. The automaker writes to the Pakistan Stock Exchange, citing poor sales demand and to optimize inventory of finished goods.
The motorcycle plant will remain closed from December 1 until December 6. Suzuki has decided against shutting down automobile plant.
Earlier this year, Suzuki announced several plant closures in wake of inventory shortage. It also announced extending automobile plant closure until November 14.
Pakistani automobile market remains different from other countries for several reasons, as over half of market is ruled by Honda bikes however, other bike competitors like Suzuki, and Yamaha also share little share in the market.
Suzuki remained a favorite option in premium bikes section and is offering several options that are more commuter-friendly compared to the traditional two-wheelers.
The company is expensive as compared to rivals and its cheapest bike cost Rs335,000, however the style, comfort, and handling are unmatchable.
