After a break of almost a month, Pak Suzuki Motor Company (PSMC) has resumed vehicle production.
The latest post from Autojournal.pk states that as of July 21, the business has begun local auto assembly. According to the source, the business has obtained CKD assembly kits for the upcoming three months.
The plant was first shut down from 22 June to 8 July. On the other hand, PSMC declared on June 27 that the shutdown will continue through July 15. Due to the ongoing part shortage, the firm decided to extend the suspension until July 19 on July 8.
The business anticipates a large increase in sales as a result of this important stock update. Although market rumors claim that the decline in demand for new economy automobiles is a result of inflation’s impact on the average person’s ability to make purchases.
Banks have started granting letters of credit (LCs) to automakers, and the government is gradually relaxing import restrictions for the industry. Due to the fluctuating local currency and economic unrest, the sector’s stability is still up in the air.