Sales outlook for a leading Japanese local car assembler received a huge boost for the current and next fiscal year after getting additional orders for supply of 50,000 vehicles to the Punjab government.
The Pak Suzuki Motor Company Limited (PSMCL) has entered into an agreement with Bank of Punjab last week for sale of 50,000 units of Suzuki Ravi pick u mini trucks and Suzuki Bolan Vans under “Apna Rozgar Scheme” of Punjab government.
The car assembler informed the stocks exchanges this week that these vehicles will be supplied from October 2014 to October 2015.
The PSMCL has capacity to produce 3,000 units per month each of Ravi and Bolan on three shifts. The company sold 14,000 units of Bolan and 11,700 units of Ravi in calendar year 2013 (CY13).
The company also produces 150,000 units (on double shift basis) and sold 76,000 cars/LCVs during CY13 compared to 96,000 cars/LCVs during 2012.
Earlier in 2012, the Punjab government, under its taxi scheme, had given an order of 20,000 cabs to PSMCL. The cabs produced under the scheme had 60pc share (12,000 units) of Suzuki Mehran and 40pc (8,000 units) of Suzuki Bolan.
