The business indicated in a letter to its dealers that given the state of the economy, it is unable to provide new customers with service.
Bookings for motorbike products were suspended on January 20, 2023, but they will be reinstated as soon as things get better.
Given the closing of factories and the scarcity of raw resources, this choice was not surprising.
The situation is exacerbated by limits on the opening of Letters of Credit (LCs) and the depreciation of the Pakistani rupee.
The Association of Pakistan Motorcycle Assemblers (APMA) expressed optimism that production and sales may restart once the LC issue was resolved and foreign exchange reserves increased.
The market's dominant bike assemblers in China have currently reduced production by 50% to 80%, and several businesses have shut down.
In the upcoming two weeks, things might start to make more sense.
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