Pak Suzuki’s problems continue to get worse as the largest auto assembler in Pakistan has announced yet another NPD (non-production days) schedule due to a lack of available CKD inventory in hand.
According to a notification sent to the Pakistan Stock Exchange (PSX), the company informed that its 2-wheel, as well as 4-wheel plant, will remain shut from June 22 to July 8, 2023. That’s another 16 NPDs that will take the total tally close to 100 days since August of last year.
Pak Suzuki has recently suffered severe setbacks as a result of sluggish demand, price increases, and import restrictions. With sales already cut in half, the company suffered from a massive Rs. 12.9 billion loss in the first quarter of the current year, the worst performance since 40 years of its inception.
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Suzuki also brought Shahbaz Sharif’s attention to the appalling state of the auto industry in a letter earlier this month urging the PM to take necessary measures to bring the sector out of the crisis. According to the letter, Pak Suzuki’s dealers and vendors are also suffering very badly due to the current economic and business situation, as some of them are already closed and many more are on the brink of closure.
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