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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 ...
Website. Official website. Hyundai Nishat ( Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer and joint venture between Hyundai and Nishat Mills, based in Faisalabad, Pakistan. [1] [2] Hyundai Nishat is the authorized assembler and manufacturer of Hyundai vehicles in Pakistan and began production from its Faisalabad plant in ...
In the beginning of 2023, The retail price of MG Essence increased by 19% in Pakistan due to an increase in custom duties. Electric Vehicles. JW-SEZ Group and SAIC motors are making Pakistan a part of global EV revolution. Products. MG ZS EV (Subcompact Crossover SUV) MG ZS (Subcompact Crossover SUV)
Pakistan already has a significant market for hybrid vehicles with Honda's Vezel, Toyota's Prius, and Aqua, and other models seen on the roads.The Automotive Development Policy (2016–2021) and the launch of the China-Pakistan Economic Corridor (CPEC) are encouraging foreign investments for new automobile brands to enter the Pakistani market, while the leading manufacturers in the automobile ...
Smoke said the average interest rate on a loan for a new car is 9.5% in December so far compared with 5.2% in December 2021. The interest rate on a loan for a new car peaked in October at nearly ...
CoPilot compares current used car prices to the replacement cost of a comparable new car and finds rising prices. ... levels in 2021 and 2022, used car supply still remains below pre-pandemic ...
Indus Motor Company Limited ( Urdu: انڈس موٹر شرکه محدودہ ), operating as Toyota Indus, is a Pakistani automobile manufacturer which is a subsidiary of Japanese multinational automaker Toyota Motor Corporation. It is based in Karachi, Pakistan. Founded in 1989, as a joint venture between House of Habib, Toyota Tsusho and ...
Rs. 19.2 billion (US$66 million) (2023) Parent. Honda (51%) Atlas Group (30%) [2] Website. Official website. Honda Atlas Cars Pakistan ( Urdu: ہونڈا اٹلس) is a Pakistani automobile manufacturer which is a subsidiary of Japanese car maker Honda. Founded in 1992, as a joint venture between Honda Motor and Atlas Group, based in Lahore ...