Pak Suzuki Motor Company (PSMC) has been facing some major operational issues lately, thanks to import restrictions, which have forced the company to shut down its bike assembly plant this month. According to an official notice submitted to the Pakistan Stock Exchange (PSX), the company's inventory shortage has forced them to take this drastic step. The shutdown will begin on March 20 and last until March 31. A report from the Pakistan Automotive Manufacturers' Association (PAMA) revealed that Suzuki sold less than 2,000 bikes in February 2023. This marks a 10% decrease in monthly sales compared to January, a trend that has continued for some time now. One of the primary reasons behind this decline is the recent price hikes. For instance, Suzuki's cheapest commuter bike, the GD110 S, now costs Rs. 293,000. The GS150 comes in second, costing Rs. 318,000, followed by the GSX125, which costs Rs. 422,000. The most expensive bike in Suzuki's lineup is the GR150, which is priced at a staggering Rs. 455,000. Unfortunately, the two-wheeler industry is struggling in Pakistan, primarily due to intermittent production hiccups caused by import restrictions. But the low sales figures can also be attributed to the astronomical rise in prices, which have taken a toll on demand. This has led to the shutting down of the Suzuki bike assembly plant. It remains to be seen how long the situation will last, but one thing is for sure, the current state of affairs is having a significant impact on the industry as a whole.

The recent major slump in Pakistan’s already shrinking economy is nothing less than a nightmare for the local car assemblers in the country. No production leading to dwindling sales has shattered all their hopes. Meanwhile, PSMC’s  (Pakistan Suzuki Motor Company) situation is worse. As per Pakistan Automotive Manufacturers Association (PAMA) report, Toyota Corolla and Honda City outsold Suzuki’s best weapon – dubbed Alto. Toyota sold 864 units Corolla last month. Whereas, Honda posted 937 units sold last month becoming the top seller of the company. Suzuki Sales Report Pak Suzuki Motors Company (PSMC) surpassed its Japanese peers in terms of a decline in sales – 67%. The company sold 978 cars last month, contra 2,945 cars in January. (MoM decline: 67%). The company sold 544 units of Alto, 72 units of Suzuki Cultus, 93 units of Suzuki Wagon R, 67 units of Suzuki Swift, 91 units of Suzuki Bolan, and 111 units of Suzuki Ravi. Car Sales Falls to 3-year low – Report As expected, the ongoing economic disaster and closed LCs leading to production shutdowns has further shattered the already dwindling car sales. The incumbent government carries no coercive and well-thought plan to repair the damage the prevailing economic breakdown has done to the local auto industry. Resultantly, assembly plants of various car companies are observing lockdown in the country. As per Pakistan Automotive Manufacturers Association (PAMA) report, month-on-month (MoM) car sales marks a new downtrend – decreased by 47%, selling 5,762 vehicles in February 2023. The episode narrating a series of never tale or woes and miseries never ends here – year-on-year (YoY) sales witnessed a decline of whopping 73%. What do you think about the prevailing situation of local car companies and their sales? Drop your thoughts in the comments section.

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.

Pak Suzuki Motors has recently witnessed a significant decline in its sales due to production issues. According to reports, Suzuki sales have hit an all-time low, largely because of the shortage of production parts and rising raw material costs. According to the most recent update from the reliable and consistent autojournal, Pak Suzuki sold fewer than 1,000 units in February. 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. The total amount of units sold in February will most likely range from the high tens or low hundreds. We'll know for certain once official figures from the Pakistan Automotive Manufacturers Association (PAMA) arrive. 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. The company has cited the issues regarding production parts as the main problem behind the decline in Suzuki sales. The pandemic caused major supply chain issues, which led to difficulty in obtaining necessary auto parts. Consequently, the company has been facing a shortage of raw materials and production parts. On top of that, global inflation has also played its part in adding to the problems. The prices of raw materials have skyrocketed, which has made it difficult for the company to access all the required materials. This inflation has also forced the company to increase its car prices, resulting in a drop in sales.    Do you think Suzuki can recover from this setback soon? Share your thoughts in the comments section below!