Pakistan: Suzuki shuts car, bike plants due to shortage of parts and accessories
Islamabad: Pakistan's Suzuki Motor Company Ltd has announced it will keep its motorcycle and four-wheeler plants closed from June 22 to July 8, media reports said.
In a stock filing on Monday, the company said it was suspending production due to a shortage of parts and accessories owing to a mechanism introduced in May 2022 by the State Bank of Pakistan for taking prior approval for the import of completely knocked-down kits, which had adversely affected the clearance of consignments, thus affecting inventory levels, reports Dawn News.
Interestingly, the company had kept its four-wheeler plant shut for over 75 days from August 2022 till June 19.
The company sold 2,958 vehicles in May 2023 compared to 1,474 units in April 2023. However, sales recorded a steep fall of 54pc to 62,354 units in 11MFY23 from 134,270 units in the same period last fiscal year, reports Dawn News.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Love in Canberra! Australian PM Albanese ties the knot with Jodie Haydon
Australian Prime Minister Anthony Albanese married his partner Jodie Haydon on Saturday, becoming the first sitting leader in the country to wed while in office.
Operation Sagar Bandhu: India sends NDRF teams, 21 tonnes of aid to cyclone-ravaged Sri Lanka
Colombo/IBNS: The Indian Air Force (IAF) on Saturday transported 21 tonnes of relief supplies, more than 80 National Disaster Response Force (NDRF) personnel, and eight tonnes of specialised equipment to Sri Lanka to support thousands displaced by severe flooding.
US: National Guard member Sarah Beckstrom, who was shot by Afghan national Rahmanullah Lakanwal, dies, announces Trump
US President Donald Trump on Thursday announced that one of the National Guard members, who was shot by a gunman in Washington DC, close to the White House, has died.
Horror in Hong Kong: Deadly fire disaster leaves 94 dead and a city in shock
The death toll in the Hong Kong high-rise housing complex blaze, one of the deadliest recorded in the region in recent times, has touched 94, media reports said.
Latest News
'Congratulations to my good friend': Modi’s heartwarming wish for newly married Aussie PM Anthony Albanese
Realme C85 5G launched in India: You won’t believe what this budget phone offers
Realme P4x launching on Dec 4 with a 7000mAh battery, Dimensity 7400 Ultra 5G chipset, and the new Realme Watch 5
Tripura’s first Commercial Coffee Common Facility centre inaugurated at Kailashahar
