Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Three.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Three] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in injecting the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s eyed nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering commenced producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a meaty boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP demonstrate.
2000s Edit
From two thousand one -02, some Pakistani importers began import of Chinese CBU bikes in Karachi, due to custom-built duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of petite Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units commence local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also spotted the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many petite auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to embark assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enlargening again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthful people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Trio.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Trio] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in injecting the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s spotted nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering began producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a enormous boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP display.
2000s Edit
From two thousand one -02, some Pakistani importers embarked import of Chinese CBU bikes in Karachi, due to custom-made duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of petite Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units embark local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also spotted the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many petite auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to commence assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enlargening again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthfull people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Three.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Three] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in coming in the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s witnessed nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering began producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a fat boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP demonstrate.
2000s Edit
From two thousand one -02, some Pakistani importers commenced import of Chinese CBU bikes in Karachi, due to custom-made duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of petite Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units commence local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also spotted the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many puny auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to begin assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enhancing again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthfull people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Three.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Three] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in injecting the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s eyed nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering embarked producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a giant boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP showcase.
2000s Edit
From two thousand one -02, some Pakistani importers commenced import of Chinese CBU bikes in Karachi, due to custom-built duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of puny Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units embark local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also eyed the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many petite auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to begin assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enlargening again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthful people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Trio.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Three] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in coming in the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s witnessed nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering commenced producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a enormous boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP display.
2000s Edit
From two thousand one -02, some Pakistani importers embarked import of Chinese CBU bikes in Karachi, due to custom-made duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of puny Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units embark local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also spotted the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many puny auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to commence assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enhancing again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthful people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Three.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Trio] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in injecting the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s witnessed nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering commenced producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a massive boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP display.
2000s Edit
From two thousand one -02, some Pakistani importers embarked import of Chinese CBU bikes in Karachi, due to custom-built duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of petite Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units embark local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also spotted the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many petite auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to embark assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enhancing again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthful people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]
Automotive industry in Pakistan
Automotive industry in Pakistan
Pakistan’s automotive industry (Urdu: پاکستان کی گاڑی صنعت ) is the one of the fastest growing industries of the country, accounting for 4% of Pakistan’s GDP and employing a workforce of over 1,800,000 people. [1] Presently there are three thousand two hundred automotive manufacturing plants in the country, with an investment of ₨ ninety two billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is almost ₨ fifty billion (US$470 million). The sector, as a entire, provides employment to Three.Five million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan’s auto market is considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. [Two] [Trio] [Four] At present, the auto market is predominated by Honda, Toyota and Suzuki. However on nineteen March 2016, Pakistan passed the “Auto Policy 2016-21”, which offers tax incentives to fresh automakers to establish manufacturing plants in the country. [Five] [6] In response, Renault-Nissan, Kia Motors, Audi, Volkswagen [7] and Hyundai [8] have voiced interest in coming in the Pakistani market. [Two] [9] Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, and Ravi proceed to be sold by Pak Suzuki. [Ten]
Contents
1950s Edit
Pakistan produced its very first vehicle in one thousand nine hundred fifty three at the National Motors plant in Karachi, according to the Ministry of Industries & Production. The plant was opened in conjunction with General Motors who arranged the facilities for the production of Vauxhall cars and Bedford trucks. Subsequently, buses, light trucks and cars would be assembled at the same plant. In the same year, Ford trucks partnered with Ali Automobiles where they introduced Ford Anglia, Ford pickups and the Ford Kombi. Exide Pakistan also began production of car batteries in 1953. Haroon Industries partnered with Dodge Motors in 1956. [11]
1960s Edit
In 1961, Allwin Engineering introduced precision auto parts to the Pakistani auto market. In 1962, Lambretta partnered with Wazir Ali Engineering to begin production of the Lambretta TV200 scooter while Kandawala Industries introduced Jeep CJ Five, CJ 6, CJ 7. In 1963, General Tyre Pakistan began production in Karachi while Hye Sons began production of Mack Trucks. In 1964, Rana Tractors began producing Massey Ferguson Tractors while the famous Vespa scooter and rickshaw were introduced by Raja Auto Cars. In 1965, Jaffer Industries and Mannoo Motors began operations.
1970s Edit
The 1970s spotted nationalization of many companies. In 1972, the Pakistan Automobile Corporation or PACO was formed. Many companies were bought out or merged into others. Wazir Ali Engineering was renamed to Sindh Engineering, Ali Autos to Awami Autos, Haroon Industries to Republic Motors, Ghandara Motors to National Motors, Hye Sons to Mack Trucks, Kandawala Industries to Naya Daur Motors, Jaffer Industries to Trailer Development Corporation and Rana Tractor to Millat Tractor. Dawood Yamaha introduced Yamaha motorcycles in one thousand nine hundred seventy four and in the same year Beta Engineering commenced producing diesel engines. In one thousand nine hundred seventy six Suzuki Motor Cycle launched by Sindh Engineering. Saif Nadeem Kawasaki launched Kawasaki motorcycles in one thousand nine hundred seventy seven while Suzuki Jeep was manufactured by Naya Daur Motors.
1980s Edit
In 1980, Awami Motors began manufactured Suzuki pickups while Sindh Engineering began producing Mazda Trucks. In 1981, Agriauto Industries introduced production of local auto parts while in 1982, Suzuki began production of vehicles. In 1983, the Vendor Development & Technical Cell or VDTC was formed along with Al-Ghazi Tractors which was introduced by Fiat. In 1986, Hinopak Motors began as a joint venture inbetween PACO, Al-Futtaim, Hino Motors & TTC. In 1987, Ghandara Nissan began production of Nissan Diesel Trucks. In 1989, Pakistan Association of Auto Parts & Accessories Manufacturers began operation.
1990s Edit
The industry was very regulated until the early 1990s. Following deregulation, the decade witnessed a enormous boom in auto production, as nationalization was abandoned in favor of privatization. Japan acquired the 40% shares of Pak Suzuki in 1991. In 1993, the Indus Motor Company began production of Toyota Corollas. In 1994, the Pakistan Automotive Manufacturer Association formed, and Honda Atlas introduced manufacturing of the Honda Civic. In 1995, the Engineering Development Board inaugurated the PAP showcase.
2000s Edit
From two thousand one -02, some Pakistani importers commenced import of Chinese CBU bikes in Karachi, due to custom-built duty cut by FiNancy minister Shaukat Aziz after two decades and Chinese firms also made copy of petite Japanese bikes specialeay famous of HONDA CD70, in the Same period five Karachi based units begin local assembling of CD70 Replica these were GUANGTA SITARA, ROCKET, JINAN, SUPER Starlet, & Starlet. From two thousand two to 2007, auto sales reached record sales year after year, reaching a peak of 195,688 sales in 2007, thanks to rising car financing up to 70-80% by banks and low interest rates coupled with rising rural purchases. From two thousand seven to 2009, the auto sector witnessed reduce sales amid high interest rates and Yen appreciation against the Rupee. In 2007, the automotive industry made up Two.8% of Pakistan’s GDP and contributed 16% to the manufacturing sector. The 2000s also witnessed the introduction of dual fuel options to run both on Petrol and CNG, which is more affordable and cheaper than petrol in the country.
2010-present Edit
From 2010, many petite auto units of bikes closed due to stiff competition inbetween the Assemblers but still some Assemblers applied for the approvel to embark assembly, Presently three Japanese, and seven Chinese Assemblers are making profits forty + units are not in good position. In two thousand ten the sales rebounded and began enhancing again. The auto industry predicted a growing request in Pakistan and invested over Rs20 billion during this decade. Motorcycle production hit a record level of over 1.Five million units in 2010-2011. In 2015, the Auto Policy 2016-21 was introduced, to help introduce fresh entrants into the Pakistan auto industry, which has traditionally been predominated by Honda, Toyota and Suzuki. The auto industry remains the 2nd largest payer of indirect taxes after the petroleum industry in Pakistan. At present, there are ten cars for every one thousand people in Pakistan. This is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. Rising per capita income with switching demographic distribution and an anticipated influx of thirty to forty million youthful people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow [12]