LAHORE MIRROR — Pak Suzuki Motor Company (PSMC) faces yet another setback as it suspends its motorcycle plant operations for at least 15 days due to an ongoing shortage of raw materials.
The company issued a statement to the Pakistan Stock Exchange (PSX) on Monday, citing the persistent scarcity of crucial components as the reason behind the decision.
From July 31, 2023, to August 15, 2023, the motorcycle plant will remain non-operational due to the unavailability of adequate inventory levels. However, PSMC’s automobile plant will continue its operations despite the challenges.
This recent shutdown comes as a continuation of the troubles the company has been facing since July of the previous year when it first encountered a dearth of raw materials. The primary cause of this scarcity has been difficulties in importing essential components, attributed to a reduction in the nation’s foreign exchange reserves.
Pak Suzuki is not the only automaker affected by this issue; Honda Atlas Cars and Indus Motor Company, responsible for manufacturing Toyota cars in Pakistan, have also experienced multiple shutdowns in recent times due to the shortage of crucial raw materials.
The situation remains challenging for the automotive industry in Pakistan, as companies struggle to mitigate the impact of the ongoing raw material shortage.
