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PSMC slams brakes on motorcycle plant

PSMC commences share purchase offer at Rs609/share before delisting from PSX
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May 23, 2023 (MLN): On the back of inventory shortage, the management of Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to shut down its motorcycle plant from May 23, 2023 to June 10, 2023, the company's filing on PSX showed today.

However, the automobile plant will remain operative.

Notably, this development came after the plant was already shut down for a week earlier this month, from May 2 to May 9.

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Posted on: 2023-05-23T16:18:11+05:00