Pak Suzuki Motor Company (PSMC) has cleared the air regarding rumors of cutting down production during July-December this year. The company is saying that it will meet the target of 76,000 units during the period.
Pak Suzuki produced 60,000 units in the first half of this year. The company has assured its part suppliers and vendors that it will not shut down any plants or reduce the production unlike other companies owing to the increased taxes and duties.
The Federal Excise Duty on Pak Suzuki’s cars is less compared to high-end models produced by competitors such as Honda Atlas Cars Pakistan and Indus Motor Company. Both these companies have cut down their production amid increasing prices due to customs, excise and other duties as well as the depreciating value of rupee and other factors.
After being taken into confidence, the vendors, who met the management of PSMC on Wednesday, said that they have been asked to work on localization of parts for various models.
We are happy that PSMC has given positive production outlook for July-December besides showing commitment to achieve the production target of 2019.
The monthly targets for models such as Corolla have been revised, seeing a significant drop due to decreased demand amid soaring prices.