Suzuki continues its operations in Pakistan. Pakistan Suzuki has recently promulgated to carry on its operations and business in the country after a two and a half months break, due to the pandemic coronavirus.
Suzuki continues its operations in Pakistan. Pakistan Suzuki has promulgated to carry on its operations in the country after a two and a half months break, due to the current pandemic-coronavirus imposed lockdown.
The elongation in the break and the reason why the company shut down its plant on March 23, 2020 was due to the presently prevailing pandemic coronavirus.
The company makes announcement of operations resumption in a notification to the Pakistan Stock Exchange (PSX).
In that notification, the company has clearly mentioned that it will follow all government-imposed SOPs in order to ensure that the safety of all of its employees is not compromised at all. “The company will do everything to stop the spread of this deadly virus in its premises,” says the notification.
Due to coronavirus pandemic, Suzuki has dealt with a huge loss in the last three months. As according to Pakistan Automotive Manufacturers Association (PAMA) report, the company sold zero vehicles in April.
Meanwhile, the company sold 922 Cultus, 78 Swift, 386 Wagon R and 386 Bolan cars in May 2020. In comparison, the company sold 2,546 Cultus, 425 Swifts, 2,765 Wagon R and 1,270 Bolan in May 2019.
This data clearly shows, Swift saw a shear sale drop of about 82 percent, while Cultus and Wagon R, suffered a decline of approximately 75 percent of in sales as compared to May 2019.
PAMA further said that in May 2020 only 3,800 cars were sold as compared to 15,428 units in the same month in 2019. During the first 11 months of the fiscal year (July-May), car sales dropped to 54 percent to 89,130 cars as compared to 192,863 units sold during the corresponding period last year.
Earlier, PAMA reported that Toyota, Honda, and Suzuki did not sell a single unit in April 2020.
Although the ease observed in countrywide lockdown has proved to be a beneficial sign for the industry. The industry is expected to increase its sales, expecting a surge in demand by local consumers.
Just like all the other automobile industries continuing in their area, Suzuki is trying its level best to balance its business during a time as bad as the current global pandemic.