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Pak Suzuki Motor Company (PSMC) — one of the country’s largest car manufacturers — Friday announced its decision to extend the shutdown of the automobile plant citing inventory shortfall as a major reason.
In the letter sent to the Pakistan Stock Exchange (PSX), the Japanese automaker mentioned that “due to continued shortage of inventory level, the management of the company has decided to extend the shutdown of the automobile from February 20, 2023, to February 21, 2023.”
The Japanese automaker, however, mentioned that the motorcycle plant will remain operative.
It is the fifth announcement by the company of putting the brakes on its production activities in 2023 — first from January 2 to 6, then from January 9 to 13, then from January 16 to 20, and later from February 13-17.
PMSC is the local 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.
More to follow…
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