KARACHI – Suzuki Motor Corporation (SMC) Chairman Osamu Suzuki on Tuesday expressed his interest to invest $450 million in setting up a second production plant in Karachi.
A delegation of Suzuki Motors Corp on Tuesday called on Prime Minister Imran Khan at Prime Minister’s Office.
The delegation included Mr. Osamu Suzuki, Global Chairman Suzuki, Mr. Kinji Saito, Mr. Masafumi Harano, Mr. Shigeo Takezawa, Mr. Yusuke Katto and Mr. Shafiq A Shaikh. Ambassador of Japan Mr. Takashi Kurai was also present during the meeting.
The Prime Minister while appreciating the contribution of Suzuki Motors in the automobile sector said that the present Government is committed to private sector development, investment promotion, improving ease of doing business and growth of manufacturing sector.
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Once the factory is established the company will be able to manufacture additional 100,000 vehicles a year.
During the first four months of the current financial year 2018-19, the sales of Pak Suzuki Motor Company (PSMC) declined significantly by 8.3% as it sold only 42,914 units compared to 46,491 units sold during the same period last year.
The sale of Suzuki Mehran, Suzuki Bolan and Ravi declined by up to 23%, 22%, and 21% respectively in the last four months.
However, during the same period, Suzuki Cultus and WagonR supported the company as their sales enhanced by 9% and 21% respectively.
