KARACHI: No one is safe from the ongoing economic confusion as, after Pak Suzuki, Toyota Indus Motor Company also recorded the worst monthly sales figure in almost three years.
Toyota sold only 1,803 cars
According to the fresh update from Autojounal.Pk, the Toyota company sold only 1,803 cars last month, recording the lowest sales since June 2020, when it only sold 547 vehicles due to covid-induced challenges.
The report attributes the reduction to intermittent production shutdowns and the unavailability of completely knocked down (CKD) kits. The automakers have also blamed the reluctance of the State Bank of Pakistan (SBP) to approve letters of credit (LCs) for the clearance of imported goods.
Honda has decided to shut down car production for over 20 days. The official notification cites disruption in the supply chain due to the economic deterioration and restrictions on raw materials and CKD imports as the reasons for the lengthy shutdown.
