Karachi September 3 2023: Pak Suzuki Motor Company Limited (PSMC) shut its motorcycle plant for a period of 12 days on shortage of inventory, according to company filing to the exchange.
However, automobile plant will remain operative.
“Due to shortage of inventory level, the management of the company has decided to shut-down motorcycle plant from September 01, 2023 to September 12, 2023. However, automobile plant will remain operative” as per notification shared with investors at Pakistan Stock Exchange.
Suzuki bike sales plunged 72 percent during the month of July 2023 to 957 units from 3,512 units sold last year. However, country’s overall Two/Three wheelers sales dropped by 23.6 percent during the month of July to 73,588 units when compared with the same period last year.
