Proton Pakistan has removed the prices of X70 and Saga from its official website, the only 2 models it sells in the country. According to an authorized dealership, although local production is at a halt, the prices of Proton cars will likely be increased soon.
The automaker is suffering from the non-issuance of LC (letter of credit) on the import of parts by the state bank of Pakistan. Since Proton hasn’t done anything yet to localize the Saga and X70 parts, their only choice is to import them before assembling and selling the vehicles.
According to reports, it’s been more than a month that assembly operations at Proton’s plant in Pakistan are at a halt as the automaker hasn’t produced (assembled) any automobiles since the beginning of May 2023. Sources say once the CKD parts arrive, the assembly operations will resume but with a higher price for end-users due to the massive depreciation of currency value. However, there is no confirmed news regarding when the assembly operations will resume and deliveries of fresh units will commence.
Related: Thousands are Laid Off by Auto Industry as Sales Reach a Record Low
The local auto industry is witnessing a turbulent period due to the current economic crisis and it doesn’t seem to be ending anytime soon. Sales of locally assembled cars are already down by more than 50% and if the situation persists will cause major damage to the sector.
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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