Pak Suzuki Motor Company (PSMC) has halted bookings of motorcycles for an indefinite period citing “import based supply chain constraints” that are haunting the automotive sector as a whole due to new policies by the State Bank of Pakistan (SBP).
According to the company, new bookings for all motorcycles will be suspended from Friday until further notice. “Under the present economic circumstances, import-based supply chain constraints and uncertain production possibilities, we are unable to serve customers.” the company stated in a letter to its dealers.
“We will, therefore, stop bookings of our motorcycle products from January 20, 2023, for the time being.” it added. However, the company said that bookings will resume as soon as situation becomes favorable to serve new customers.
Like many other industries, the automotive sector is facing one of the worst crisis due to worsening economic conditions stemming from the political instability in the country.
State Bank of Pakistan (SBP) has made it difficult for automotive companies to import foreign auto parts and raw materials by implementing new policies in order to save the country’s falling foreign exchange reserves.
Last week, the Pak Suzuki Motor Company (PSMC) announced that it was extending its plant shutdown until 20th January 2023 due to low inventory levels. However, the company has opened bookings for some vehicles, except its best-seller, the Suzuki Alto.
Read more: Pak Suzuki Opens Booking For Several Suzuki Cars.
At the same time, the company has silently removed all of its Completely Built Unit (CBU) lineup of cars from its website, including the Suzuki Vitara, Suzuki Jimny, and Suzuki APV.
Read more: Pak Suzuki Discontinues CBU Cars.