Honda, KIA, and Suzuki Stopping Production Next Month?

The Pakistani automotive industry will not have a successful year in 2022.

Pakistan’s auto sector is now experiencing some difficult times as a result of the current political and economic unrest in the nation.

Due to delivery delays, Toyota Indus Motor Company is thinking of giving its clients a refund. In addition, Honda, KIA, and Suzuki may completely halt their automobile production in the near future.

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According to certain sources, KIA and Honda may decide to operate on a single shift. Additionally, according to certain reports, Suzuki Pakistan intends to stop car production in August.

However, citing our earlier blogs where only inspiring sales data was provided, our readers could become puzzled. So what’s the problem if everything is going well?

The cost of vehicles is one of the biggest concerns. And they will eventually have an impact. According to insiders, you’ll start to see them around September 2022. The businesses are shutting down their production lines as a preventative step since they are already aware of declining automobile reservations.

The State Bank of Pakistan’s ban on the import of CKD kits is another explanation for this. According to some reports, SBP is holding up the granting of letters of credit to the automakers for the importation of these parts. Their output is being impacted.

As per some experts, this stopping production of cars is only for a short time period, or people have to buy second-hand used cars as another option.

Share your thoughts in the comment section to let us know what you think about the current situation in Pakistan.

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