Due to the government’s tough attitude on imports, recent months have been turbulent for Pakistan’s automobile industry.
Numerous automakers, including Pak Suzuki Motor Company (PSMC), were compelled to implement production reductions in order to deal with the rising inflation as a result of the letter of credit’s (LC) rejection.
However, the government recently loosened import restrictions, enabling automakers to keep making and selling cars. According to a pertinent update from autojournal.pk, PSMC has resumed taking reservations, but exclusively for business clients.
The report highlights that the company has only resumed bookings for the following cars:
- Wagon R VXR
- Wagon R VXL
- Cultus VXR
- Swift GL Manual
- Swift GL CVT
Accordingly, reservations for the Wagon R AGS, Cultus VXL, AGS, Swift GLX CVT, and all Alto models are still pending.
The report adds that the company is still not operating at full capacity and only has stock for limited units. It speculates that PSMC may resume bookings for all vehicles and all customers in September.
Kia Lucky Motor Corporation (KLMC) also resumed bookings for its cars after deciding to maintain the recently hiked prices. A dealership representative told ProPakistani that the company is taking bookings for all cars with a minimum delivery period of 1 month.
The resumption of bookings is a promising development for the local car industry that will likely result in promising sales in the coming months.
