Monday, July 22, 2024

General Tyre Shut Down Operations in Pakistan

In accordance with the ongoing economic situation and decreasing demand, GTR Tyres or Gandhara Tyre & Rubber Company Limited (previously known as The General Tyre and Rubber Company of Pakistan Ltd) has announced a non-production days in March 2033.

GTR Tyres or Gandhara Tyre & Rubber Company Limited announced that it has paused manufacturing from 24 March, 2023 to 3 April 2023, in an official notification.

The SBP limited the imports mentioned as the reason for the official notification.

The firm has witnessed from a lack of foreign currency and issues with component supply. Because of decline in demand and output last month, sales declined once more.

As per the recent details from PAMA (Pakistan Automotive Manufacturers Association), firm sold just 5,762 automobiles in February 2023, a decline 47% from last month but a 73% decline from last year.

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