Tag: automobile plant
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Pak Suzuki halts motorcycle production amidst ongoing inventory shortage
The Pak Suzuki Motor Company (PSMC) is once again grappling with the repercussions of the ongoing raw material shortage, which has forced the company to halt production at its motorcycle plant for at least 15 days. The decision, announced in a statement released to the Pakistan Stock Exchange (PSX), comes as the company struggles to…
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Pak Suzuki’s auto and motorcycle plant to stay closed till July 19
Pak Suzuki Motor Company Ltd (PSMCL), Pakistan’s leading car manufacturer in terms of production and sales, has announced an extension of its plant shutdown due to an ongoing shortage of inventory. The decision was conveyed to the Pakistan Stock Exchange (PSX) through an official notice on Friday.
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Inventory shortage forces Pak Suzuki to extend motorcycle plant shutdown
Pak Suzuki Motor Company (PSMC) has officially announced the extension of the shutdown of its motorcycle plant until June 16, 2023. The decision was conveyed to the Pakistan Stock Exchange (PSX) through a notice on Tuesday. The company attributed this action to ongoing government restrictions on imports, which have negatively impacted the automotive industry and…
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Pak Suzuki extends shutdown of motorcycle plant due to lack of raw materials
The Pak Suzuki Motor Company (PSMC) has confirmed that it will keep its motorcycle plant closed until April 28 due to ongoing import restrictions that have impacted the auto sector, resulting in low inventory levels. A notice to the Pakistan Stock Exchange (PSX) stated that “the management of the company has decided to extend the…