Eiffel Industries Limited has suspended motorcycle bookings in Pakistan in light of the current economic situation, depreciation of Pakistani Rupee against the US Dollar (USD to PKR) and rise in cost of raw materials for the company.
According to the notification, the company has requested all its Road Prince Dealers to suspend motorcycle bookings and sell their current available stock with caution and reasonable profit until the company informs them of any further action.
This is the company’s notification:
Road Prince is not the only company to suspend bookings in Pakistan as several other automotive manufacturers are going through the same crisis and have shut down production or suspended bookings for their vehicles.
Read more: Pak Suzuki Halts Motorcycle Bookings.
Pak Suzuki Motor Company (PSMC) had also announced a suspension of motorcycle bookings for an indefinite period as it cited the same reasons. Meanwhile, there are several car manufacturers or assemblers that have also shut down their bookings in view of the worsening economic conditions.
Read more: Kia Suspends Car Bookings.
