If you have been one of those Suzuki-motors- enthusiast, and really want to see some new flavor in the company’s bleak automotive lineup, unfortunately, nothing like this is expected to happen anytime sooner than 2 years. And well, you have all the reasons to be upset about it; after all, it’s been years since we even heard a rumor about Suzuki launching new cars.
Pakistan Suzuki Motor Company—the largest car maker in Pakistan will not be launching any new motor cars until next two years, a Suzuki’s spokesperson told The Express Tribune. He also added that the company’s plan to come up with the investment required to setup the assembly and parts manufacturing plant was contingent upon the government incentives. He mentioned that the company had been trying to get the same incentives that the government has been willing to offer the new entrants under the Automotive Development Policy of 2016-2021.
The spokesperson dispelled all the rumors after a report surfaced about the officials of Senate Standing Committee on Industries and Production corroborating Suzuki Motor’s future plan that were shared during a presentation to the delegation.
According to the report, the company has lucidly mentioned their plan of localizing the new 660cc Suzuki Alto by 2018; this would then mark the end of 800cc Suzuki Mehran, finally.
It’s also worthwhile to note that the Pakistan Suzuki Motor Company’s Global had made the announcement to The Express Tribune about the two new alleged variants last year.
“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,” said the official.
And when asked about how the stock market participants had already anticipated the apparently false news, leading to an anomalously soared share price for the Suzuki Motors, the official said that there is no way the company can launch Celerio by March 2017”. The share price has gone up by 47 percent in just a few months from Rs390.97/share to Rs577.76. This is even more than the KSE-100 index’s performance.
“The new models were planned along with the new Greenfield plant the company wanted to set up with over $430 million investment, but since we did not get the incentive in the new auto policy; we have not finalized anything” added the official.
The company also has a plan in the pipeline to replace Suzuki Cultus with Celerio, a 1000cc engine car. This car model will also make its entry at the same time with Suzuki Alto.
- suzuki-mehran-and-cultus: google