This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Automotive industry in Pakistan" – news · newspapers · books · scholar · JSTOR(January 2023) (Learn how and when to remove this message)
The automotive industry in Pakistan is one of the smallest but fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 3% of Pakistan's GDP and employed a workforce of over 3.5 million people as of 2018. Pakistan is the 23rd largest producer of automobiles. Its contribution to the national exchequer is nearly Rs. 50-billion (US$220 million). Pakistan's auto market is among the smallest but fastest growing in Asia.[citation needed] 269,792 cars were sold in 2018, but this number declined to 186,716 in 2019 due to austerity measures. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. Pakistan has not enforced any automotive safety standards or model upgrade policies. A few older vehicle models, including the Bolan and Ravi, continue to be sold by Suzuki. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
On 26 December 2021, the Government of Pakistan announced a five-year policy between 2021 and 2026 to raise the production capacity of automobiles in Pakistan. On 20 October 2020, during a meeting with 50 Chinese automotive brands, the Pakistani envoy to China said that Pakistan will increase its automobile production to 6-8 million units in the next five years. Pakistan is building special economic zones where Chinese companies will be able to set up their businesses. In that meeting, 10 Chinese and Nasal automotive companies prepared to invest in Pakistan.
Due to the bad economic conditions, Pakistan car sales in November 2023 plummet to under 5,000.
and 29 Related for: Automotive industry in Pakistan information
The automotiveindustryinPakistan is one of the smallest but fastest-growing industriesin the country, growing by 171% between 2014 and 2018. It accounts...
The PakistanAutomotive Manufacturers Association (PAMA) (Urdu: پاکستان موٹر گاڑی تولید کننده تنظیم) is a trade group of automobile manufacturers that...
The automotiveindustry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling,...
budding automotiveindustry. Pakistan's inadequately developed labor market, unable to absorb the increasing number of educated workers, has resulted in a high...
This article provides an overview of the automotiveindustryin countries around the world. The United States was the world's largest automobile producer...
Automotiveindustryin Taiwan refers to the automotiveindustryin Taiwan. In total, there are around 3,000 automotive-related companies in Taiwan. Hotai...
The automotiveindustryin Chinese mainland has been the largest in the world measured by automobile unit production since 2008. As of 2024[update], China...
Automotive production is a significant industryin Russia, directly employing around 600,000 people or 1% of the country's total workforce. Russia produced...
Nexus Automotive (Pvt) Ltd was an importer and assembler of General Motors products inPakistan. The company was founded by M.A. Razaq, an expatriate...
The automotiveindustryin Malaysia consists of 27 vehicle producers and over 640 component manufacturers. The Malaysian automotiveindustry is the third...
The automotiveindustryin India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile...
The automotiveindustryin Canada consists primarily of assembly plants of foreign automakers, most with headquarters in the United States or Japan, along...
Industries Limited (SIL) (سروس انڈسٹریز لمیٹڈ), doing business as Servis, is a Pakistani multinational shoes and tire manufacturer which is based in Lahore...
Vehicle registration plates of Pakistan are issued by an agency of the provincial or territorial government. Generally, the appearance of plates is frequently...
The automotiveindustryin Bangladesh is the third largest in South Asia. Bangladesh has a few large car plants which assemble passenger cars from Mitsubishi...
The automotiveindustryin Germany is one of the largest employers in the world, with a labor force of over 857,336 (2016) working in the industry. Being...
The automotiveindustryin Japan is one of the most prominent and largest industriesin the world. Japan has been in the top three of the countries with...
The automotiveindustryin Turkey plays an important role in the manufacturing sector of the Turkish economy. The companies operating in the Turkish automotive...
Iran’s automotiveindustry is the third most active industry of the country, after its oil and gas industry, accounting for 10% of Iran's GDP and 4% of...
The automotiveindustryin Italy is a quite large employer in the country, it had over 2,131 firms and employed almost 250,000 people in 2006. Italy's...
The Automotiveindustryin Argentina is the third largest in Latin America. The Argentine automotiveindustry is regulated by the Association of Car Manufacturers...
South Africa is traditionally the leader in Africa of the automotiveindustry and now produces more than half a million automobiles annually of all types...
In the United States, the automotiveindustry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly...