The production of Suzuki has been reduced by 40% in Pakistan due to government’s restriction on non-filers from purchasing new cars. According to information, up to 60% of new car buyers in the country were non filers of tax returns.
This was revealed to the Senate by Adviser to the Prime Minister on Commerce Mr. Abdul Razzaq Dawood on Friday. Answering the question of Senator Muhammad Javed Abbasi, he said the car manufacturers were delivering the cars to buyers within the 60 days of booking.
The Minister further said that a car manufacturer, if failed to deliver the car within 60 day despite receiving advance amount of Rs 500,000, will have to pay the interest to the buyer.
He said the ministry of Industries and Production has announced Automotive Development Policy (2016-21), according to which price and delivery schedule, not exceeding two months, has been fixed at the time of booking.
The Adviser said in order to expand automobile market and facilitate in creating competitive environment under ADP 2016-21, thirteen new investors have been granted Greenfield status.
He hoped that the new automobile manufacturers will soon improve the market situation including availability of cars at reduced prices, and offer vehicles to the public that have better quality, safety and environmental features.