Pak Suzuki Motor Company (PSMC) has extended the plant shutdown for bike assembly amid the current economic situation and lack of inventory. According to the notification, the production plant for Suzuki Motorcycles will remain closed for the first twelve days of September.
Furthermore, Pak Suzuki Motor Company (PSMC) is likely to increase price of motorcycles soon due to massive fall of the Pakistani Rupee (PKR) against the US Dollar (USD) as the local currency reaches an all-time low.
It is pertinent to mention that PSMC had previously observed Non-Production Days (NPDs) from August 18 to 31 because of decline in inventory levels as companies still face trouble getting approval for LCs due to shortage of US Dollar.
The automotive industry has been struggling for the past year because of the country’s economic situation and restriction on imports due to shortage of US Dollar in the foreign exchange reserves.