Pak Suzuki’s woes continue with the announcement of another NPD (non-production days) schedule as the company battles with depleting inventory levels due to the restrictions on imports imposed by the government.
This is overall the 7th NPD schedule announced by the company within the conclusion of the first 4 months of this calendar year. Pak Suzuki began observing NPDs in August of last year taking the total number of NPDs since then beyond 70, the worst period after the COVID-19 lockdowns in year 2020.
In the latest notice sent to the Pakistan Stock Exchange (PSX), the company cited inventory deficiencies as the reason for its vehicle as well as motorcycle assembly plant shutdown, which will take place from May 2 to May 9, 2023.
Related: Pak Suzuki Declares Biggest Loss After Tax (LAT)
Pak Suzuki recently reported its highest-ever loss after tax (LAT) of Rs 12.91 billion in the first quarter of 2023. This further demonstrates the precarious situation of our import-dependent auto industry, as the country’s largest assembly plant appears to be battling for its survival. For assemblers, the lifeline seems to be there in the resumption of imports, which doesn’t seem to be a priority of the government considering the massive outflow of foreign reserves it will suffer as a consequence.
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
