Due to rising fuel prices, Pak Suzuki Motor Company (PSMC) is thinking about stopping production of the GS150 in Pakistan. Sources within the company claim that PSMC intends to replace one of its top-selling motorcycles in Pakistan with a 125cc model.
According to business sources, that choice has not yet been made, but discussions about a future revision are under progress.
According to a Suzuki motorbike dealer, the automaker is having trouble importing completely knocked-down (CKD) kits because of growing shipping expenses, high gas prices, and weak local currencies. Due to that, discontinuation is likely, he added.
To prevent the decline of foreign exchange reserves, the State Bank has been attempting to limit imports. The reserves have already decreased below $9 billion, according to the most recent reports.
Additionally, rising fuel costs are hurting sales of automobiles with powerful engines. The same is true for motorcycles, as Suzuki is considering swapping out its flagship model for one that is more effective and perhaps has less power.
Read more on Latest Auto News on Pakistanlounge.pk
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