Pakistan Suzuki Motor Company (PSMC) – the largest car maker in Pakistan – will not launch any new model in the next two years, a spokesman of the company said, adding that the investment, if any, was contingent on the government offering the same incentives it was offering to new entrants in the Automotive Development Policy 2016-21.
“We have neither given a launch date nor have any plan for our vendors to localize parts for models,”
“There is no change in our official policy. We are still waiting for a reply from the government on the written proposal we submitted to it a few months ago,” added the official.
The report said that the company had announced its plan to start localizing production of its 660cc engine Suzuki Alto by 2018, the model that would replace the 800cc, and worn out, Suzuki Mehran.
It should be noted that the members of Senate Standing Committee on Industries and Production visited the Pak-Suzuki’s manufacturing plant and had meetings with higher-ups of the company. And in this meeting, the company officials expressed their plans to replace Suzuki Cultus with Suzuki Celerio in 2017 and Suzuki Mehran with Suzuki Alto 660cc in 2018.
Furthermore, plans to introduce the imported 1300cc SUV Suzuki Vitara in near future, were also expressed.
Celerio is a 1,000cc engine car that market observers say Pak Suzuki plans to replace with Suzuki Cultus.
The company has also tried to threaten the Government by moving its assets off-shores on quite a few occasions.