In contrast to the timeline that was previously indicated this month, Pak Suzuki Motor Company (PSMC) has chosen not to restart production at its auto facility.
The automaker announced in a notice that the factory would be closed from November 9 to November 14 due to a management decision. It said, “The motorcycle plant will continue to operate, though.”
It is important to note that the corporation has issued three extensions in as many weeks, with the most recent one blaming an inventory shortfall. They had previously made the decision to shut down the car factory from November 6 to November 8.
It’s not completely out of the question that the Japanese carmaker would declare after November 9th that it will be extending its production shutdown timeline once again.
The Board of Directors (BoD) of the firm recently made the important decision to buy all of the shares that remain after delisting from the PSX.
However, Honda has disclosed to the Pakistan Stock Exchange that an extended shutdown of its factory is scheduled for November 8–9.
