KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) announced on Monday that it will continue to halt production from January 2-6, 2023, due to a scarcity of completely-knocked-down (CKD) kits.
In contrast to prior practice, the company said that its two-wheeler assembly plant will also be closed at this time.
In a public filing on Monday, the company claimed that the State Bank of Pakistan‘s implementation of a prior authorisation process for imports under the HS Code 8703 category (including CKDs) on May 20 had significantly impacted the clearance of imported consignments and, as a result, inventory levels.
Other assemblers and distributors have also stopped operations in recent months due to a scarcity of imported parts and accessories.
More Expensive Japanese Bicycles
On Monday, Yamaha Motor Pakistan Ltd. (YMPL) raised the prices of the YB125Z, YB125Z DX, YBR 125, YBR 125G (red and black), and YBR 125G (matt dark grey). The new rates are Rs305,500, Rs327,000, Rs336,000, Rs349,500, and Rs352,500, up from Rs293,500, Rs314,500, Rs322,500, and Rs352,500, respectively.
Pakistan Motorcycle Assembly Workers Association According to Mohammad Sabir Sheikh, the three Japanese bike assemblers have raised their prices often this year in reaction to the rupee’s depreciation and a lack of parts.
Chinese bikes, which are frequently affordable, are in a bad situation as a result of persistent sales decreases, which have pushed numerous enterprises to either suspend production or close their doors, he said.