Overview
It seems Pak Suzuki is in a serious crisis right now. The recent report shows a positive change in the sale of motorbikes. Meanwhile, Suzuki observes a loss in sales and fails to increase. The continued restriction on imports made a negative impact on car and motorbikes sale. The production is disturbed due to the non-availability of stock.
Automakers request several times the incumbent government for relief in taxes burden and to make import easy for them to continue operations. Import difficulties and subsequent production halts are also caused by the non-availability of stock. several things were affected due to the ongoing situation the major one is many employees lost their jobs.
Motorbikes Sale Increase
Honda Atlas and Yamaha saw a significant increase in sales compared to the last month. Honda Atlas motorbikes sales increased by 18.5% MoM basis and sold over 87,133 bikes in May 2023. Similarly, Yamaha saw a jump of 32.5% in sales and sold total1,114 units last month. The rest of the Chinese automakers also observe positive changes in motorbikes sales and observe up to 81.4% in sales.
The situation is not the same for Pak Suzuki as they sold only 820 bikes and saw a sale slump of 29.1% in the last months. However, the company has not mentioned the reason. But it is clear that the import restrictions made all these difficulties.
Most probably Suzuki increases its car price due to the increase in the dollar value against PKR. The company will likely increase prices in the coming days which will be the new burden on customers.
Conclusion
It seems Pakistan’s automotive industry was overlooked for months which makes it difficult for buyers and sellers. Motorbikes are the most affordable option for daily commuters in Pakistan. But the continued increase in prices made them difficult to buy for everyone. It’s been months prices are continuously increasing even sometimes three times a month.
