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PSMC to temporarily halt motorcycle plant from March 20

PSMC commences share purchase offer at Rs609/share before delisting from PSX
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March 17, 2023 (MLN): The management of Pak Suzuki Motor Company Limited (PSMC), a leading automotive company has decided to temporarily shut down its motorcycle plant due to a shortage of inventory. '

The shutdown is scheduled to take place from March 20, 2023, to March 31, 2023.

However, it is important to note that the automobile plant will remain operative during this period. The company's management has assured its customers that the production and supply of automobiles will not be affected by the shutdown of the motorcycle plant.

The decision has been met with mixed reactions from industry experts and stakeholders.

While some have applauded the company's proactive approach to maintaining inventory levels, others have raised concerns about the impact the shutdown may have on the company's revenue and market share.

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Posted on: 2023-03-17T15:24:51+05:00