Overview:
Due to continuous inflation in Pakistan, the Pak Suzuki Company has been facing major issues. Thanks to the import restrictions, that has forced the company to shut down its motorbikes assembly plant this month. According to an official notice that is submitted to the (PSX) Pakistan Stock Exchange. The shortage in the Company’s inventory has forced them to take such kind of decision. The Shutdown in the assembly plant will surely begin on March 20-2023 and will last until March 31-2023.
Pakistan Automotive Manufacturer’s Association reveals that the company sold less than 2,000 bikes in February 2023. This mark a decrease of 10 percent in the monthly sales as compared to January, a trend that has continued for some time now.
As some of the primary reasons behind this decline are the recent price increase in bikes.
Suzuki Motorbike Price:
Pak Suzuki bikes price in Pakistan in 2023 is mentioned below:
The Suzuki GD 110s now costs Rs. 293,000 PKR. The Brand-new Suzuki GS150 comes in second position and costs RS. 318,000 PKR followed by the GSX 125cc. The Suzuki GSX 125 costs Rs 422,000. While the most expensive motorbike in the lineup is the tremendous-looking Suzuki GR150, which costs Rs. 455,000 PKR.
Unfortunately, the two-wheeler industry is struggling in Pakistan, due to the intermittent production that is caused by the import restrictions.
Yet the rising price increases, which had a negative impact on demand, are also responsible for the dreadful sales results. As a result, the Suzuki bike assembly plant has been shut down. However, it remains to be seen how long the situation will last, but there is one thing for sure. The current state of Pakistan is having a significant impact on the vehicle industry.
What are your thoughts regarding the shutdown plant; Give your opinion below in the comment section.
