Pakistan Auto Industry hit with yet another crisis

Pakistan Auto Industry hit with yet another crisis

Pakistan’s three major auto manufacturers are facing a temporary shutdownof their production plants. This interruption is primarily attributed to anongoing shortage of essential raw materials. The affected companies includeHonda Atlas Cars, Toyota Indus, and Pak Suzuki Motor Company (PSMC).

To address this critical issue, PSMC has taken the decision to suspend itsautomobile plant’s operations from October 25, 2023, to October 27, 2023.Importantly, it’s worth noting that their motorcycle plant will remainoperational during this period, as stated in an official announcement bythe company’s secretary.

Similarly, Honda Atlas Cars has also found itself compelled to haltproduction due to the current level of inventory and parts shortages withintheir supply chain. Consequently, they will be closing their plant fromOctober 24, 2023, to October 31, 2023, according to their officialstatement released through their company secretary.

Furthermore, this situation is not unique to PSMC and Honda Atlas Cars.Earlier, Indus Motor Company Limited had faced similar supply chaindisruptions and opted for a complete plant shutdown from August 25 toSeptember 06, 2023.

These consecutive closures reflect the challenges these major automanufacturers in Pakistan are encountering due to the scarcity of crucialraw materials.