Suzuki Motors extends plant shutdown in Pakistan

Suzuki Motors extends plant shutdown in Pakistan

KARACHI: Suzuki Motors on Thursday announced extension in plant shutdown due to inventory shortage for production of motor vehicles.

Pak Suzuki Motors Co. Ltd. in a communication sent to Pakistan Stock Exchange (PSX), stated that the State Bank of Pakistan 9sbp) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKD) vide circular No. 09 of 2022 dated May 20, 2022.

READ MORE: New prices of Suzuki cars in Pakistan from August 16, 2022

“Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” the company said.

Therefore, due to shortage of inventory level, the management of the company has decided to further extend the shutdown period of automobile plant from August 22, 2022 to August 26, 2022.

Previously, the company announced to temporarily close the plant from August 18, 2022 to August 19, 2022.

The company, however, said that motorcycle plant will remain operative. “Further update, if any, in this regard will be communicated accordingly,” the company informed the PSX.

READ MORE: Suzuki Motors warns plant shutdown in Pakistan

Suzuki Motors has announced new rates of its cars in Pakistan, which are applicable from August 16, 2022.

According to Suzuki Ittehad Motors following are the new showroom prices of Suzuki cars in Pakistan.

Following are the new rates of Suzuki Swift:

1. Suzuki Swift GLX CVT, the decreased price is Rs3,760,000.

2. Suzuki Swift GL CVT, the decreased price is Rs3,420,000.

3. Suzuki Swift GL M/T, the decreased price is Rs3,180,000.

4. Suzuki Alto VXL, the decreased price is Rs2,223,000.

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5. Suzuki Alto VXD, the decreased price is Rs1,976,000.

6. Suzuki Alto VX, the decreased price is Rs1,699,000.

7. Suzuki Wagon-R VXL, the decreased price is Rs2,564,000.

8. Suzuki Wagon-R AGS, the decreased price is Rs2.802,000.

9. Suzuki Wagon-R VXR, the decreased price is Rs2,421,000.

10. Suzuki Bolan Van, the decreased price is Rs1,500,000.

11. Suzuki Bolan Cargo, the decreased price is Rs1,487,000.

12. Suzuki Ravi Euro II, the decreased price is Rs1,424,000.

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13. Suzuki Ravi W/O Deck, the decreased price is Rs1,349,000.

14. Suzuki Cultus VXL, the decreased price is Rs3,024,000.

15. Suzuki Cultus AGS, the decreased price is Rs3,234,000.

16. Suzuki Cultus VXR, the decreased price is Rs2,754,000.

17. Suzuki Jimny MT, the decreased price is Rs6,049,000.