Suzuki Resumes Production in Pakistan

31 Jul 2023

366 Suzuki

Suzuki Resumes Production in Pakistan

After an extensive hiatus of nearly a month, Pak Suzuki Motor Company has now recommenced its vehicle production. The recent reports suggest that Pak Suzuki has resumed its local car assembly operations. This development was made possible as PSMC received completely knocked-down (CKD) assembly kits, ensuring a smooth production flow for the next three months.

Plant Closure and Delayed Reopening

Originally, the plant was scheduled for closure from June 22 to July 8. However, due to unforeseen circumstances, PSMC announced an extension of the closure until July 15 on June 27. Subsequently, further delays occurred, and on July 8, the company decided to prolong the shutdown until July 19, citing an ongoing shortage of crucial parts.

Optimism Amidst Market Speculations

Following the resumption of vehicle production and stock update, Pak Suzuki remains optimistic about witnessing a significant surge in sales. However, market speculations raise concerns that the demand for new economy cars might have dwindled due to the reduced purchasing power of the masses caused by inflation.

Challenges in the Automobile Sector

The government has been taking steps to ease import restrictions for carmakers, and banks have started issuing letters of credit (LCs) to support automakers. Despite these measures, the stability of the sector remains uncertain, primarily due to the ongoing volatility of the local currency and the prevailing economic turbulence.

Suzuki's Irresistible Finance Offer

Suzuki is now offering a lucrative finance deal for both used and new cars. This collaboration presents an unparalleled opportunity to save big while driving home your favorite Suzuki model. With attractive features like substantial savings, a fixed markup rate of 22.99%, flexible financing options, and added benefits, this limited-time offer is not to be missed. Read on to discover the incredible benefits that await you.

Benefit Highlights:

Save up to Rs.600K
Fixed markup rate: 22.99%
Up to 5 years of financing options
3-year financing period for the new Suzuki Swift
Insurance Rate: 1.9%
Free 1-year maintenance
Free tracker
Installment Plan for Used Cars

PSMC has introduced an exclusive installment plan for used cars tailored for Meezan Bank and Bank Al-Falah cardholders. This plan comes with several enticing benefits, such as discounted insurance rates, up to 50% discount on processing fees, discounted markup rate, and residual value financing for up to three years. Additionally, customers can avail themselves of an extended 8-year financing period.

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