AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

LAHORE: The Pak Suzuki Motors Chief Executive Hiroshi Kawamura has said that the Suzuki Motors has been working on the export of their cars, which had been upgraded to many WP-29 standards, stating the economic issues were transitory, and they were committed to providing affordable vehicles to a common Pakistani.

The CEO also revealed that Suzuki Motors was also working on hybrid variants.

He was addressing the second round of interaction meetings with the part-makers, held here under the banner of Suzuki Motors and was overwhelmingly participated by the notable parts producers amid economic uncertainties. In the meeting, total consensus was seen to promote localization and go global.

The Chief Executive Pak Suzuki Motors, gave a concerning note underlining a need to join their efforts together. It is imperative to take stock of the escalating crisis situation collectively for the automotive industry. Hiroshi Kawamura remarked that they firmly believed that nothing could be achieved without the local partners.

Addressing the meeting, Pakistan Association of Automotive Parts and Accessories (PAAPAM) Senior Vice Chairman Usman Aslam Malik diagnosed the non-availability of primary raw materials, lack of technology, and low level of localization as the core causalities, leading them to that point.

We need to attain an economy of scale to develop affordability for the common person, Malik furthered. We must contemplate why we are yet below 0.3 million in production in the 5th largest country; Malik placed a thought-provoking question before the fraternity. Frequent introduction of variants was also a great barrier to localization, SVC PAAPAM remarked.

He reminded the industrial top-notches even the economies much more robust than Pakistan did not have such frequency of variants. He offered the platform of PAAPAM as a catalyst for capacity building and aligning the industry with the needs of the hour.

Copyright Business Recorder, 2023

Comments

Comments are closed.