Alto keeps Pak Suzuki afloat amid crisis in auto industry

Honda and Toyota plants remained operational for only 11 and 15 days in Sept

Unlike its competitors, Pak Suzuki Motor Company (PSMCL) has not seen a single non-production day (NDP) during the last three months owing to the healthy sales of its newly-introduced Alto 660CC.

“The company has so far not observed any NPDs. We are monitoring the situation and by the end of this month we will review our production and sales outlook of July-September and future prospects of sales in coming months,” said PSMCL spokesman Shafiq Ahmed.

The sales of WagonR, however, witnessed a 71.5pc drop during July-August 2019, when compared with the same period of last year.

Meanwhile, Honda Atlas Cars Ltd (HACL) and Indus Motor Corporation (IMC) halted their productions in September.

Honda observed only 11 working days in September, 13 in August and 20 in July.

According to details, Honda has over 3,000 units unsold at its plant and network, coupled with the stoppage of the second shift. The company has also laid off over 1,000 contractual employees in the last three months.

The company’s sales have fallen by 30pc in 2019 as compared to 2018.

IMC, the automaker behind Toyota cars, observed 15 NPDs in September due to sustained decline in demand. The automaker saw eight NPDs in July and 12 NPDs in August. It too has over 3,000 cars in unsold inventory.

1 COMMENT

  1. It would be better if one purchases an imported used vehicle which has vast benefits than to buy local manufactured new cars with such high prices, in this case the newly manufactured Suzuki Alto vehicle is a trash made of tin cans not worth buying it in the very first place secondly the cost is very very high. It is simply a waste of money !! Go for the imported used vehicles with the same or lower price in comparison to Suzuki Alto.

Comments are closed.

Must Read

SECP rejoins IOPS as governing member to boost pension sector reforms

Pakistan’s securities regulator aims to align pension governance with global standards for sustainable retirement solutions