Pak Suzuki has announced yet another schedule of Non-Production Days (NPDs) according to a recent notification sent to the Pakistan Stock Exchange (PSX).
According to the company, its automobile plant will remain shut from the 20th to the 21st of February 2023 due to an inventory shortage caused by import restrictions imposed by the State Bank of Pakistan (SBP). This is the 5th NPD schedule for Pak Suzuki in 2023 and the 15th since August 2022 taking the total number of NPDs to 50. As predictable as it might sound, the company’s motorcycle plant will remain operational according to the notice.
Sometimes such repetitive patterns may become horrifying as the last time Pak Suzuki announced a plant shutdown, it increased the prices of its cars by Rs 350,000 the very next day. Let’s hope there isn’t another price hike around the corner. However as Toyota has already announced 3 price revisions since the beginning of 2023, Pak Suzuki is yet to announce its third revision.
Pak Suzuki says the SBP restrictions adversely impacted the clearance of import consignment, which consequently damaged the inventory levels. This has severely dented the output of the company as it managed to sell only 2,940 units in January 2023– the first month of the new year which generally sees the maximum number of sales.
The company managed to sell only 44 units of Alto, 671 units of Wagon R, 537 units of Cultus, 505 units of Swift, 627 units of Ravi, and 556 units of Bolan. Overall Pak Suzuki suffered from a 74% decline in sales due to low production operations.
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com
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