'Inventory shortage': Pak Suzuki announces shutdown of automobile plant operations
Business
The auto maker also extends shutdown of its motorcycle plant till April 15
KARACHI (Web Desk) - Pak Suzuki Motor Company (PSMC) on Monday announced shutdown of its automobile plant operations from April 7 to April 14 besides extending shutdown of its motorcycle plant till April 15.
The company says inventory shortage is behind the announcement as import restrictions continue to hit the auto sector.
In a notice to the Pakistan Stock Exchange (PSX), the automaker states, “due to shortage of inventory level the management of the company has decided to extend shutdown period of its motorcycle plant till April 15, 2023”.
“The automobile plant will also observe shutdown on April 07, 2023 and April 14, 2023 owing to shortage of inventory level," the notice reads.
The company had announced in March this year to shut its motorcycle plant for 12 days, from March 20 to March 31, citing persistent shortage of raw materials.
