ISLAMABAD
After selling obsolete cars for decades at premium prices, the leading automobile company of the country, Pak-Suzuki Motors Tuesday announced to introduce new range of fuel-efficient small cars with better safety features.
The company plans to introduce 660cc small cars in Pakistan with better safety features and fuel efficiency, revealed Global Head of Suzuki Motor Company, Kinji Saito, during a meeting with Federal Minister for Industries and Production Ghulam Murtaza Khan on Tuesday.
Saito disclosed that his company was planning to start a new plant for spare parts manufacturing in the country with an estimated investment of over $350 million. According to him, spare parts manufacturing unit will generate employment for eight to ten thousand skilled and unskilled local workers.
During the meeting, according to officials, minister shared his concerns regarding high prices of the cars and emphasized that Suzuki Company should bring down its prices to the level of the prices in other countries of the region, especially India. “Pakistan is a big market for auto industry, therefore special feature like safety measures, fuel economy, environment friendly and affordable prices range are the particular needs of the country” Jataoi told the visitors. He suggested that the company could set up a manufacturing facility in the country. “We are human resource rich state while Japan owns latest technology, you may set cap an export hub in Pakistan, Jatoi said.
This is not the first time that any government official has demanded any Japanese company to start car assembling in Pakistan. These companies are selling obsolete technology and paper thin cars to mint easy money. Pak Suzuki Motor Company, during the year 2013, recorded 89% surge in net profit. Its earning was Rs1.85 billion compared to Rs977 million in previous year. In year 2015, when Japanese companies are introducing self driven cars, the same Japanese automobile companies are producing cars without airbags and ABS brakes in Pakistan. With an installed capacity to assemble 150,000 units of cars, small vans, Pickups, and Cargo vans, Suzuki has been producing thousands of cars every year without airbags and ABS brakes, since 1984.
The company recently added basic safety feature “seat belts” to its all models. New auto policy is due from last many years, but due to alleged influence of powerful car assemblers mafia, it has yet to be announced.