PSMC has temporarily closed its production plant It cited inventory shortages after import restrictions Indus Motor has also stopped production KARACHI: Pak Suzuki Motor Company (PSMC) announced the temporary shutdown of its plant for automobiles and motorcycles from 2-6 January 2023, citing inventory shortages. In a notice sent to the Pakistan Stock Exchange (PSX), PSMC … Read more
Indus Motors will shut down production for 10 days It cited the lack of spare parts for auto sector The plant will be closed from 20-30th December KARACHI: Indus Motors, the largest carmaker in the country, has announced to shut down operations for ten days from December 20. The maker of Toyota vehicles said the … Read more
KARACHI: The auto sector production is booming, but the industry is also suffering a squeeze on margins through higher costs, and buyers have to pay much more for vehicles compared with most of the world. Despite multiplying prices, there has been no letup in car sales. However, FY23 is going to be a challenging year … Read more
