Auto plants see partial revival amid confusion.
Byline: Aamir Shafaat Khan
KARACHI -- Confusion has gripped the auto industry as some assemblers are freely operating in Karachi on claim of getting official permission, while others are avoiding restarting their operations in the absence of any official notification from the Sindh government.
Pak Suzuki Motor Company Limited (PSMCL), which enjoys over 50 per cent market share in cars, has yet to resume operations at its assembly plant, a company official said on the condition of anonymity.
The bike plant is also shut.
'We cannot run the plants without any official notification,' the Suzuki official said.
Meanwhile, the Indus Motor Company (IMC), the assembler of Toyota vehicles, has resumed its plant operations.
The spokesman of IMC claimed that 'the whole auto sector has received the permission.'
'We are on trial production. Full production will start after June 7. All dealers and parts suppliers have started work too,' he added.
IMC had informed the Pakistan Stock Exchange (PSX) on May 19 that its management has decided to resume operations at its plant and offices, with measures to prevent the spread of Covid-19.
Atlas Honda Limited (AHL) has also started its Karachi and Sheikhupura plants from May 20 in view of the relaxation allowed to motorcycle industry from current situation of lockdown due to corona virus.
Some listed vendors have also resumed operations. For example, Agriauto Industries Limited had informed PSX on May 19 regarding partial start of its operations of its Hub and subsidiary operations Port Qasim Plants while strictly observing standard operating procedures and other directives of the government.
Other listed manufacturers of vehicles and their vendors have so far not communicated to the PSX regarding opening of their plants.
Hinopak Motor Limited, a leading heavy vehicle assembler and a listed company, has also been closed since second week of March following government's decision of imposing locked down all over the country to control corona virus.
Two Japanese heavy vehicle assemblers and another bike assembler are also closed.
'Our Japanese...
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