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Pak Suzuki Profits Up By 203% 2015

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Pak Suzuki Profits Up By 203% 2015

 

Punjab Rozgar Taxi Scheme has brought about 203% more benefit for Pak Suzuki in 2015 when contrasted with the relating time of 2014.
As indicated by authority results reported by the organization as of late, the general benefit of the organization expanded to Rs 5.842 billion in 2015 when contrasted with Rs1.9218 billion in 2014, on account of PML-N Punjab government. The benefit reflected record deals from the organization, principally from traveler autos and motorbikes.

Pak Suzuki sold out 133,279 units of traveler autos in 2015 which is 73 percent higher than earlier year in which its deals remained at 77,050 units in 2014.

The car organization deals created incomes of Rs 2.84 billion for the national exchequer on the record of various charges.

Pak Suzuki Profits Up By 203% 2015

 

The company has sold the maximum number of vehicles including Suzuki Ravi, Suzuki Bolan, under Punjab Taxi Scheme which saw a record sale in 2015. The sale of Mehran was significant despite being one of the old models in Pakistan.

Market Players Not Happy

Market players, particularly Indus Motor Company Limited (Toyota) and Honda Company Limited, are not content with the common legislature of Punjab. There was an absence of a level-playing field and the administration basically chose Suzuki organization for the plan without floating so as to hold any due procedure Expression of Interest (EoI) and ensuing offering process.

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One of the straightforward reasons why Suzuki was chosen ordinarily needs to do with the accessibility of models — Suzuki Ravi and Suzuki Bolan– that nobody among the contenders would produce locally according to the necessities of the recipients.

Be that as it may, authorities of these organizations don’t concur with this contention. They said on the state of obscurity that such plans are tremendous and any organization can have the ability to meet these requests with the current accessible innovation and assembling plants.

Specialists of vehicles industry additionally said that auto models of Suzuki are less favored over various variations of Honda and Toyota which are nearly cutting edge and solid.

On the off chance that the common legislature of Punjab circulates quotes to these three vehicles organizations just as, it could have profit by an aggressive offering process….

Why Rozgar Scheme Only in Punjab?

Rozgar or Green Taxi scheme has been initiated in Punjab by the provincial government but why hasn’t it been launched throughout the country by federal government?

The Yellow Cab Taxi scheme, which was introduced by PML (N) government in 1990’s in major cities, could be launched again by Federal Government countrywide. It is hoped that the Rozgar Scheme adopts the same path as the Laptop scheme, that rolled out in Punjab first and was replicated in rest of the provinces for university level students later on.

Layoffs

With a specific end goal to meet the prerequisite of Taxi Scheme, Pak Suzuki has employed several talented laborers on contractual premise which were laid off when the plan finished in February 2016.

Pak Suzuki Profits Up By 203% 2015

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