The launch of Punjab government’s taxi scheme, for which the Pak Suzuki Motor Company Limited (PSMCL) has already entered into an agreement with the Bank of Punjab (BoP), is reported to have been delayed.
Vendors said that they have received a note of caution from the PSMCL on Thursday about the delay.
The car maker informed vendors that there will be no production of taxis in October this year, adding that further details would be provided soon.
The PSMCL signed an agreement with the BoP last month for sale of 50,000 units of Suzuki Ravi and Suzuki Bolan Van under “Apna Rozgar Scheme” of Punjab government.
The car assembler informed the stock exchanges last month that these vehicles would be supplied from October 2014 to October 2015. Punjab has allocated Rs25 billion for the scheme in this year’s budget.
