Pak Suzuki Motor Company (PSMC) has announced that its motorcycle plant will remain shut until April 28th. This decision was made due to the ongoing import restrictions that have affected the auto sector, causing a shortage of inventory.
“Due to shortage of inventory level… the management of the company has decided to extend shutdown period of its motorcycle plant till April 28, 2023,” read a notice to the Pakistan Stock Exchange (PSX).
Import restrictions bite: Pak Suzuki extends automobile plant shutdown
Earlier this month, PSMC had already shut down its motorcycle plant from April 04 to April 15 due to a lack of raw materials. Meanwhile, the automobile plant was shut from April 07 to April 14.
PMSC is the assembler, manufacturer, and marketer of Suzuki cars, pickups, vans, 4x4s and motorcycles as well as related spare parts. The Suzuki brand itself is from Japan.
