{"id":115560,"date":"2023-02-07T07:30:00","date_gmt":"2023-02-07T07:30:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=115560"},"modified":"2023-02-07T07:42:38","modified_gmt":"2023-02-07T07:42:38","slug":"automobile-industry-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/automobile-industry-pakistan.html","title":{"rendered":"Automobile Industry in Pakistan [Latest Updates 2023]"},"content":{"rendered":"\n

Update (Feb 7, 2023):<\/strong> When is Volkswagen coming to Pakistan<\/a>? Click on the link to find out!<\/p>\n\n\n\n

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Accounting for 4% of the country\u2019s total gross domestic product (GDP), the local automobile manufacturing sector has a major role to play in the progress and stability of the national economy. This is one of the major reasons why the federal government is making all possible efforts to facilitate the industries manufacturing vehicles locally<\/p>\n\n\n\n

The public and private stakeholders of the automobile industry are currently focusing on the production of low-cost hatchbacks and mid-size sedans, which are two of the most in-demand car types in Pakistan. There is also a huge demand for vans and minivans in the country, most of which are used as commercial and utility vehicles in the country.<\/p>\n\n\n\n

Market Saturation and Local Auto Industry<\/h2>\n\n\n\n

With so many imported options available these days, Pakistan\u2019s auto sector is now based on a saturated market. The increasing amount of imported vehicles is definitely not good for the country\u2019s economy, but it is constantly pushing the local automobile assemblers and manufacturers to offer products that are affordable yet innovative.<\/p>\n\n\n\n

New Entrants to Pakistan\u2019s Auto Market<\/h2>\n\n\n\n
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South Korean brands like Kia Corporation and Hyundai Motor Company have recently introduced their vehicles in Pakistan<\/figcaption><\/figure>\n\n\n\n

We are all aware of the fact that the automobile industry of Pakistan has been dominated by Japanese players, namely Suzuki, Toyota, and Honda. Due to their partnership with local companies, they are locally known as Pak Suzuki, Toyota Indus, and Honda Atlas Cars. <\/p>\n\n\n\n

However, with new entrants tapping into Pakistan\u2019s automotive market, things are expected to change within the near future. Keeping in view the incredible potential of the local auto industry, which is based on the rapidly-increasing consumer buying power, other world-famous brands are also planning to capitalise on the available opportunities.<\/p>\n\n\n\n

South Korean brands like Kia Corporation and Hyundai Motor Company have recently introduced their vehicles in Pakistan. Another very famous Chinese-owned British automotive manufacturer, MG, has recently debuted in the Pakistani auto market with their subcompact crossover vehicles. <\/p>\n\n\n\n

You may also have heard about Changan. It is a Chinese brand, which has only been selling minivans and many other types of utility vehicles in the local market ever since it was introduced \u2014 up until 2021 \u2014 when it finally announced its very first sedan by the name of \u2018Alsvin\u2019. <\/p>\n\n\n\n

It was a groundbreaking move for a company like Changan, which put it in direct competition with many other leading automotive brands in the market.<\/p>\n\n\n\n

The Affordability Factor<\/h2>\n\n\n\n
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Changan Alsvin is an affordable subcompact sedan<\/figcaption><\/figure>\n\n\n\n

Changan\u2019s Alsvin is a compact sedan, which directly competes with Toyota Yaris and Honda City. Comparing the features side by side, Alsvin has more to offer than the latter options. Changan is currently putting in efforts to establish its name in the market, which is why it is now more focused on affordability without compromising on the features it offers. It is one of the main reasons why Changan is a few lacs cheaper than many other compact sedans that are directly in its competition.<\/p>\n\n\n\n

Entirely \u2018Made in Pakistan\u2019 Cars<\/h2>\n\n\n\n

Along with international players entering the automotive market to provide more options to car buyers in Pakistan, there are also a few local brands that are producing and selling their own vehicles in the country. Companies like United Auto Industries and Regal Automobiles are two noteworthy examples in this regard. <\/p>\n\n\n\n

Both of these local manufacturers have launched 800cc small hatchback cars by the name of United Bravo and Prince Pearl, respectively. Costing around PKR 10 lakh, these cars are even more affordable than the cheapest variant of Suzuki Alto in Pakistan. <\/p>\n\n\n\n

What is Pakistan Automotive Manufacturers Association (PAMA)?<\/h2>\n\n\n\n
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The primary objective of PAMA is the growth and development of the local auto industry <\/figcaption><\/figure>\n\n\n\n

As the name implies, the Pakistan Automotive Manufacturers Association (PAMA) is a leading advocacy group for the Pakistani auto industry formed by automobile manufacturing companies, entities, and firms that operate locally. <\/p>\n\n\n\n

Licensed by the Ministry of Commerce, the group operates and functions according to the Trade Organisations Ordinance 2007. The primary objective of this association is the growth and development of the local auto industry. The group has also been formed to safeguard the interests of the local automobile manufacturers and assemblers. Following is the list of the members of PAMA: <\/p>\n\n\n\n