Pak Suzuki Motor Company (PSX: PSMC) has chosen to close down the bike plant for three days, the automaker informed the Pakistan Stock Trade on Tuesday.
“Because of lack of stock level, the administration of the organization has chosen to close down the cruiser plant from September 20, 2023, to September 22, 2023. Nonetheless, the auto plant will stay employable. Further update, if any, in such manner will be imparted as needs be,” the recording expressed.
During 2023, the Japanese automaker has declared closures a few times. Last month, it said it would keep its bike plant shut from August 18 till August 31. Later on August 31, the organization reported that the plant would stay shut till September 12 and on September 12 the closure was reached out till September 15.
It made comparative declarations in July, June, and Should, refering to reasons, for example, low stock level or an absence of natural substance.
Suzuki, the biggest automaker in Pakistan with regards to creation and deals, has supported an extreme decrease in deals and income because of irregular creation stops. Starting around 2022, industry players overall have communicated worry turning around hardships in getting import grants for their creation shares.