At a time when most car makers in the country were announcing to observe non-production days due to a decrease in demand and their stock piling up, Pak Suzuki Motor Company was the only one that continued its production unabated.
However, yesterday, Pak Suzuki also announced that its production facilities will remain closed for three days this month. Each Monday will be observed as a non-production day (NPD).
Traditionally, car sales pick up the pace in January each year as new models announced in the previous year make it to the showrooms. Because of the overall bleak economic outlook of the country, this trend of the auto sector has changed this year.
According to a notification issued by Pak Suzuki, every Monday in January will be observed as NPD against the backdrop of nose-diving demand. The company has also announced to slash the production of its hot-selling 660cc Alto by 25%. Pak Suzuki has registered a record drop in the sales of Cultus, Swift, Bolan, and WagorR.
To make up for the declining sales for last year, Pak Suzuki announced Rs. 50,000 – 90,000 hike in prices for all of its models for 2020.
Besides, Toyota Indus Motor Company and Honda had also observed NPDs due to a decline in demand in recent months.