Local automakers have been observing plant shutdowns ever since the beginning of this fiscal year, however Pak Suzuki was saved from the situation despite a horrific slowdown in sales.
Now the company has announced to observe 3 non production days (NPD) in February according to a letter sent to Pakistan Stock Exchange. The plant will remain closed on 3rd, 4th and 10th of February. Pak Suzuki has already observed 4 NPDs in January 2020, this will bring the total number of non production days to 7 within two months.
Sparing the hot selling Alto 660cc, Pak Suzuki has been suffering from a horrible 62% decline in sales. In terms of individual numbers, Wagon R is the worst affected with a 72% drop in sales having sold 4,546 units in the first 6 months of FY2019-20 compared to 16,081 units sold in the same period a year earlier.
Suzuki Bolan saw a 66% decline in sales, followed by Swift which declined by 55%, Ravi by 50% whereas sales of Cultus were reduced by 39%. Reportedly the company has a large number of piled up unsold inventory at its disposal due to which its assembly operations are being affected.
A 3d animation professional with over 19 years of industry experience, an avid car enthusiast, petrolhead and social media influencer. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com