Pak Suzuki has also decided to shut down its automobile After Toyota and Honda plant for two days, October 25 to October 27, ‘due to shortage of inventory.’
The big car company will keep its motorcycle factory running. Today, Honda Atlas said it would shut down its factory for a week, from October 24 to October 31. Likewise, Indus Motor Company (IMC), which puts together Toyota cars in Pakistan, has decided to stop working for a whole month, until November 17.
It’s likely that car manufacturers will lower the prices of their cars when they start making them again. This is because, in the past few weeks, the exchange rate with the US dollar has gotten much better. It used to be more than Rs. 300 per dollar, but now it’s down to Rs. 280 per dollar, according to the latest news. Since the car industry relies a lot on imports, this will make it cheaper for companies to make cars. Whether they pass on this savings to people buying cars is a different question.
KIA was the first company to make cars cheaper by up to Rs. 500,000. Also, MG reduced the price of the HS Essence by Rs. 600,000.
