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KARACHI: Pak Suzuki Motor Company has halted new motorbike orders for the time being due to import-based supply chain restrictions and unclear production prospects.
In a statement to its dealers on Thursday, the manufacturer stated that “we are unable to service new customers” due to the current economic conditions, import-based supply chain restrictions, and unpredictable manufacturing capabilities.
“As a result, we have temporarily halted bookings for our motorbikes beginning January 20, 2023,” stated the corporate announcement. Bookings will restart when the situation improves enough to service new consumers.
Analysts were not surprised by the action, questioning what was the point of taking fresh orders when numerous plants had been closed and no raw materials were being imported.
“The difficulty is occurring as a result of the rupee’s depreciation and restrictions on the issuance of Letters of Credit (LCs),” said Sabir Shaikh, Chairman of the Association of Pakistan Motorcycle Assemblers (APMA).
“The lack of completely knocked down (CKD) parts and the shifting currency rate make it difficult for businesses to determine the pricing of their items.”
