The annual demand for vehicles in Pakistan is estimated at 300,000 units, which is being met from local sources and imports. The local production of after market vehicle parts and accessories is estimated at US$850 million while total imports are valued at US$300 million. At present, there are about four hundred companies manufacturing vehicle parts and accessories and supporting around 25 vehicle manufacturing and assembly facilities. In terms of bus and truck manufacturing and assembly, there are about five vehicle manufacturers active in the area.
Within the automobiles industry, the cars and jeeps sub-sector recorded a 45.1 percent growth during the first seven months of 2006 as compared to s 12.5 percent growth the previous year. Though the production of light commercial vehicles was still very impressive, the imports of road motor vehicles rose by 66.7 percent during in the fist quarter of 2006 as apposed to 28.6 percent during the corresponding period of the previous year.
Deducing this increased domestic demand, increased availability of credit and rising per capita income are possibly the main contributing factors behind this extraordinary performance.
Our Event: International Automobile, Auto Parts & Accessories Exhibition.
For more details on this sector, please visit www.autopakistan.com
/
/
/
/
/
/
Latest news
