Pak Suzuki resumes the operations in Pakistan

Pak Suzuki resumes the operations in Pakistan

After a halt in operations for over two-and-half months Pak Suzuki has announced to resume its operations in the country. The company makes announcement of operations resumption in a notification to the Pakistan Stock Exchange (PSX). The company shut down its plant on March 23, 2020, due to the spread of COVID-19 pandemic in the country.
The notification read, “The company will do everything to stop the spread of this deadly virus in its premises.”

The company has emphasized that it will follow all the SOPs imposed by the government to make sure that the safety of its employees is not compromised.

The report by Pakistan Automotive Manufacturers Association (PAMA) stated that Pak Suzuki sold zero vehicles in the month of April. Though in the month of May, the company did sell 78 Swift, 922 Cultus, 386 Wagon R and 386 Bolan vehicles, registering a 64% decline in sales from May 2019.

This proved to be a great loss for the company that it has incurred over the past months.
However, Pak Suzuki Motor Company is still seemingly better off as compared to its major competitors in the market, with Toyota observing an 88% drop in sales in May 2020 as compared, and Honda experiencing an 89% drop in sales in May 2020.

In a filing to the Pakistan Stock Exchange (PSX), the company said: “The management of the company, according to relaxation/ approval given by the Government has decided to resume its production and operation from today,”

The country’s death toll has reached 2,729. Meanwhile, 53,721 patients have also recovered from the novel virus.