Economic breakdown in the country is worsening with time. Local car assemblers are announcing non-production and shutting down their assembly plants. Following Ghandhara Nissan Limited (GNL), Honda Atlas also halted its production for a next 23 days from March 9, 2023 to March 31. Pakistan Suzuki Motor Company (PSMC) is also facing same fate – kept its production at a halt during the month of January 2023.
PSMC Sales Breakdown
Consequently, PSMC’s sales charts are observing a big slump – sold only 544 Altos last month against 44 units in January 2023. Moreover, Pak Suzuki sold only 978 units in February 2023 – lowest sales in over fifteen years.
Dwindling sales of industry’s ruling car are narrating the never-ending tale of woes and miseries emerging from Pakistan’s auto industry.
This is the automaker’s worst performance since the nationwide COVID-19 lockdowns in April 2020, which resulted in zero production and sales.
Pak Suzuki sold 2,940 vehicles in January, which is already a 74% decrease in monthly sales. The massive drop was caused by poor sales of the Suzuki Alto, which fell from 6,898 units in December 2022 to 44 units in January 2023.
Pakistan Suzuki Motor Company sold 44 units of Alto, 534 units of Suzuki Cultus, 671 units of Suzuki Wagon R, 504 units of Suzuki Swift, 556 units of Suzuki Bolan, and 628 units of Suzuki Ravi in January.
Suzuki sales in Pakistan have consistently remained among the highest in the country. However, the company’s recent sales decline has left it barely able to preserve its position in the extremely competitive automobile industry. Many people were surprised, considering the monopoly of Suzuki vehicles in the country.
What do you think about the ongoing industry’s situation. Share your thoughts in the comments section.
