Pkrevenue.com

Tag: Pak Suzuki

  • Suzuki Pakistan announces plant shutdown on inventory shortage

    Suzuki Pakistan announces plant shutdown on inventory shortage

    KARACHI: Pak Suzuki Motor Company Limited on Thursday announced a temporary plant shutdown due to shortage of inventory after conditions imposed by the central bank.

    In a communication sent to Pakistan Stock Exchange (PSX), the company stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for importer under HS Code 8703 category, including CKDs through a circular No. 09 issued on May 20, 2022.

    READ MORE: Suzuki Motors extends plant shutdown in Pakistan

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

    Therefore, due to shortage of inventor level, the management of the company has decided to shut down automobile plant for period extending from October 24, 2022 to October 26, 2022. “However, motorcycle plant will remain operative,” it said.

    READ MORE: Suzuki Motor Pakistan continues plant shutdown

    The company for the last several months is making similar announcement due to shortage of inventory and raw material for the locally manufactured cars.

    READ MORE: Suzuki Motor announces further plant shutdown in Pakistan

    According to latest data of locally assembled car sales, Pak Suzuki witnessed sharp decline during the first quarter (July – September) of fiscal year 2022/2023. The car sales of Pakistan Suzuki fell to 16,639 units during the first quarter of the current fiscal year as compared with 38,431 units in the same quarter of the last fiscal year.

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

  • PSMC offers free WagonR registration amid sales slump

    PSMC offers free WagonR registration amid sales slump

    KARACHI: Pak Suzuki Motor Company (PSMC) has announced free registration on booking of all variants of Suzuki WagonR for the limited time offer only.

    The decision has come after significant decline of motor vehicles recorded in the first two months of the current fiscal year.

    The company stated that the offer is valid on all WagonR variants across Suzuki’s Authorised Dealerships.

    According to recent report, the volumetric sales of Pak Suzuki plunged by 41 per cent to its 27-month low to clocked in at 3.9k units in August 2022, wherein Ravi sales fell by 72 per cent, followed by Alto and Cultus, which are down by 50 per cent and 38 per cent, respectively.

    READ MORE: Suzuki Motor announces further plant shutdown in Pakistan

    The slump in sales has been witnessed due to restriction imposed by the State Bank of Pakistan (SBP) on import of Completely Knocked Down (CKD) unit. The import of CKD is subject to prior approval of the SBP.

    In this regard, the company announced on September 07, 2022 further plant shut down due to shortage of raw material following restriction imposed by the central bank.

    The company in a communication sent to Pakistan Stock Exchange (PSX) on September 06, 2022, stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category including CKD through a circular No. 09 of 2022 dated May 2022.

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

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

    Therefore, due to shortage of inventory level, the management of the company has decided to shut down period of automobile plant till September 09, 2022.

    According to details of WagonR, on which the company granted free registration, are:

    The car has a naturally aspired 998cc three-cylinder petrol engine that sends 67 horsepower (hp) and 90 Newton-meters (Nm) of torque to the front wheels through a five-speed manual or an AGS automatic transmission, depending on the variant.

    Some of the basic features include dual airbags, AC, power windows (VXL and AGS only), immobilizer, central locking, power steering and child locks.

    READ MORE: Pakistan car sales plummet by 50% on import restriction

  • Suzuki Motor announces further plant shutdown in Pakistan

    Suzuki Motor announces further plant shutdown in Pakistan

    KARACHI: Pak Suzuki Motor Company Limited has announced further plant shut down due to shortage of raw material following restriction imposed by the central bank.

    The company in a communication sent to Pakistan Stock Exchange (PSX) on September 06, 2022, stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category including CKD through a circular No. 09 of 2022 dated May 2022.

    READ MORE: Suzuki Motor Pakistan continues plant shutdown

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

    Therefore, due to shortage of inventory level, the management of the company has decided to shut down period of automobile plant till September 09, 2022.

    “However, due to continued shortage of CKD raw material, management decided to extend the shutdown of automobile plant from September 12, 2022 to September 16, 2022,” the company said, added that the motorcycle plant will remain operative.

    READ MORE: Suzuki Motors extends plant shutdown in Pakistan

    “Further, in lieu of periodic maintenance, the automobile plant will also be shut down from September 19, 2022 to September 23, 2022. However, motorcycle plant will remain operative,” it added.

    Pak Suzuki Motor Company Limited is facing severe shortage of raw material for the past couple of months. Previously, the company announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

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

    It stated that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022. “Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” it added.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

    The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

  • Suzuki Motor Pakistan continues plant shutdown

    Suzuki Motor Pakistan continues plant shutdown

    KARACHI: Pak Suzuki Motor Company Limited on Monday announced a further extension in plant shutdown due to shortage of inventory.

    “Due to shortage of inventory level, the management of the company has decided to further extend the shutdown period of automobile plant from August 29, 2022 to August 31, 2022,” the company said in a communication sent to Pakistan Stock Exchange (PSX).

    READ MORE: Suzuki Motors extends plant shutdown in Pakistan

    However, motorcycle plant will remain operative, it said, adding that further update, if any, in this regard will be communicated accordingly.

    Pak Suzuki Motors Co. Ltd. in a communication sent to Pakistan Stock Exchange (PSX), stated that the State Bank of Pakistan (SBP) 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

    Previously, 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.

    The company also shut down the plant due to shortage of inventory level from August 18, 2022 to August 19, 2022.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

  • Suzuki Pakistan organizes exhibition for used cars

    Suzuki Pakistan organizes exhibition for used cars

    KARACHI: Suzuki Pakistan is organizing an exhibition in Karachi known as Certified Used Car Gala on August 28, 2022 at the Expo Centre.

    The event offers cars certified by professional, affordable prices, no additional charges, three free services, secure transaction, transparent deal, and up to 1-year warranty.

    READ MORE: Suzuki Motors extends plant shutdown in Pakistan

    Suzuki Motors 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 vehicles:

    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.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

    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.

    READ MORE: Indus Motors rebuts plant shutdown reports

    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.

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

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    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.

  • 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.

    READ MORE: Indus Motors rebuts plant shutdown reports

    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.

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    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.

  • New prices of Suzuki cars in Pakistan from August 16, 2022

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

    KARACHI: 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.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

    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.

    READ MORE: Indus Motors rebuts plant shutdown reports

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

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

    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.

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    Pak Suzuki has announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

    In a letter to the Pakistan Stock Exchange (PSX) on Tuesday, Pak Suzuki Motor Co. Limited said that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022.

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

    READ MORE: Rolls-Royce, Hyundai signs pact to lead advanced air mobility market

    The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

    However, motorcycle plant will remain operative, the company added.

  • Suzuki shuts down plant in Pakistan on import restriction

    Suzuki shuts down plant in Pakistan on import restriction

    KARACHI: Pak Suzuki has announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

    In a letter to the Pakistan Stock Exchange (PSX) on Tuesday, Pak Suzuki Motor Co. Limited said that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

    The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

    However, motorcycle plant will remain operative, the company added.

    READ MORE: Indus Motors rebuts plant shutdown reports

  • Suzuki Motors warns plant shutdown in Pakistan

    Suzuki Motors warns plant shutdown in Pakistan

    KARACHI: Suzuki Motors Co. Ltd. on Thursday warned shutting down its production plant in Pakistan due to import restrictions.

    In a communication sent to Pakistan Stock Exchange (PSX), the auto manufacturer said that State Bank of Pakistan (SBP) 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: Indus Motors rebuts plant shutdown reports

    “Restrictions had adversely impacted clearance of import consignments of the company from the ports which might result in shutdown of the plant in near future,” the company said, adding that Pak Suzuki has stopped bookings of its products since July 01, 2022.

    The company further clarified that at present it had not plan to shut down the plant. “The production schedule of the company and any non-production days remain contingent on a number of external factors,” it said.

    READ MORE: Toyota Indus Motors offers 100% refunds on booking cancellation

    The company is actively monitoring its production and operations and is closely working with the government of Pakistan and the central bank to alleviate the present challenges.

    A day earlier, Indus Motors Company– the manufacturers of Toyota cars in Pakistan, also issued a statement in this regard.

    READ MORE: Toyota lowers July production in Japan

    The IMC said that the auto sector was facing unprecedented difficulties in its operations due to ongoing economic challenges and factors beyond the control of automobiles manufacturers.

    “The unprecedented devaluation of Pakistan Rupee (PKR), coupled with restrictions imposed by the State Bank of Pakistan (SBP) regarding prior LC approval for Completely Knocked Down (CKD) imports and continuing financing instability has radically impacted the auto industry,” the IMC said.

    The company clarified that as of today (July 27, 2022), there are no plans fixed for complete plant shutdown for more than two weeks in the month of August 2022.

    READ MORE: COVID-19 cases reported at Toyota work sites

  • Global car manufacturers agree to introduce electric mini-commercial vans

    Global car manufacturers agree to introduce electric mini-commercial vans

    TOKYO, Japan: Leading global car manufacturers have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY 2023 to achieve carbon neutrality.

    In a statement issued on Tuesday, Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality.

    READ MORE: Toyota unveils all new Crown for first time

    Mini-commercial vehicles cover areas accessible only to them because of their small size and are important in supporting last-mile logistics. They have become widespread accounting for about 60% of the total commercial vehicle fleet, making them a type of vehicle capable of contributing significantly to the achievement of carbon neutrality if electrification advances.

    However, a major issue in promoting the electrification of mini-commercial vehicles is the increasing burden on society as a whole, including the higher vehicle costs associated with electrification, the costs related to charging infrastructure, and the charging time (downtime: a period when vehicles and cargo are stopped).

    READ MORE: Honda Motors to start pre-orders of ZR-V SUV by September 2022

    It is under these circumstances, to realize an affordable mini-commercial van BEV that meets the usage needs of commercial customers, CJPT will participate in the planning, and Suzuki, Daihatsu, and Toyota will jointly develop a BEV system suitable for mini-commercial vehicles by combining Suzuki and Daihatsu’s know-how in manufacturing mini vehicles with Toyota’s electrification technology.

    The mini-commercial van BEV developed by these four companies will be used by partners in social implementation projects in Fukushima Prefecture and Tokyo.

    Suzuki, Daihatsu, Toyota, and CJPT will continue to promote efforts to practically achieve carbon neutrality through the provision of sustainable means of transportation.