Pak Suzuki, the largest auto assembler in Pakistan has announced extending the non-production days (NPD) schedule. The company has been observing NPDs since the beginning of the current fiscal year and the latest extension is actually the 6th NPD schedule announced by the company since the beginning of this calendar year.
According to the notification sent to the Pakistan Stock Exchange (PSX), Pak Suzuki will extend the motorcycle plant shutdowns to 15th April, while its car assembly plant will remain shut from 7th and 14th of April 2023. The reason behind the decision is the shortage of inventory level due to import restrictions imposed by the government to save the outflow of precious foreign reserves.
In the current economic crisis, Pak Suzuki is experiencing the most pressure out of all the assemblers operating in Pakistan. With sales of its locally assembled cars down by more than 70% and the CBU lineup already called off, Pak Suzuki’s prospects are not promising unless the economy improves and import restrictions are relaxed.
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