MG JW Automobile Pakistan is a company owned by JW Auto Park, which is owned by Javed Afridi. Honda Atlas Cars Limited (HACL) sold 1,636 cars, seeing a 39% decline in sales, while Pak Suzuki Motor Company (PSMC) sold only 978 cars, observing a significant decline of 67% in monthly sales.įollowing are some of the top automobile companies that are operating in the country. This represents a 47% month-over-month decrease and a massive 73% year-over-year decline.Īccording to the data, Toyota Indus Motor Company (IMC) sold 1,803 cars, reporting a 49% decline in sales compared to the previous month. According to the latest data from the Pakistan Automotive Manufacturers Association (PAMA), carmakers who are members of the association collectively sold only 5,762 vehicles in February 2023. ![]() Furthermore, the pending LCs (Letters of Credit) and the high value of the US dollar against the Pakistani rupee are leading to financial losses for the industry.Īll these factors have contributed to the recent decline in car sales. This import of kits is leading to reduced capacity and plant closures.Īdditionally, the depreciation of the Pakistani rupee, rising inflation, and tighter fiscal and monetary measures have a negative effect on the industry, along with decreased consumer demand. One of the primary issues is the continued import restrictions on Completely Knocked Down (CKD) kits. Latest Updates on the Automobile Industry in PakistanĬurrently, Pakistan’s automobile industry is facing multiple challenges, which are making it difficult for manufacturers to remain profitable. ![]() ![]() gives an overview of the industry below, including a list of the top manufacturers operating in the country. Over the decades, the industry has grown significantly and is home to a range of local and international automobile manufacturers. The automobile industry in Pakistan has a long and varied history, with cars being imported into the country at the time of independence.
0 Comments
Leave a Reply. |