Here is a ranking of newcomer auto companies regarding their investments in the Pakistani auto sector
Over the last five years, there have been plenty of ‘new arrivals’ in Pakistan’s auto industry following the introduction of the Automotive Development Policy 2016-21.
Some of the new cars quickly stood out in the market, while others struggled to settle themselves. However, Some wound up their businesses and left the market altogether for various reasons.
The industry’s lack of coverage had led to a sense of uncertainty among the local buyers, due to which “new arrivals” to expect in the next couple of days. A list has been shared by Automark Magazine, highlighting each new entrant’s status that has either debuted or will be debut in Pakistan under the ADP 2016-21.
Here is a ranking of all the newcomers regarding their investments in the Pakistani auto sector.
The automakers including, Proton, MG, and Volkswagen, have yet to start production in the local passenger vehicle market. Meanwhile, KIA, Hyundai, Changan, and Prince DFSK have already begun making waves in the market due to already having started productions in Pakistan.
Earlier reports stated that one of the French automakers’ requests was that the Government of Pakistan extends its incentivization timeline to 2023 to establish itself in Pakistan. However, there have been no updates about this so far.
Additionally, Ghandhara Nissan Limited (GNL) will also start operations under a brownfield status awarded by the government. The carmaker is likely to introduce various passenger vehicles, including Electric Vehicles (EVs), in the market.
A general consensus has suggested that significant developments have occurred in the auto sector after a long time over the last few days.
With the Automotive Industry Development and Export Plan 2021-26 and the new EV policy for four-wheeled vehicles, it can safely be said that there are good days ahead for the Pakistani automotive sector.
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