Automobiles In Pakistan
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Automobile industry of Pakistan is one of the fastest growing industry in the country. It is active and expanding and developing more every year. According to statistics, automobile industry is generating 4% of the GDP. Currently, there are 3200 manufacturing plants working around the country. Automobile industry operates under franchise and cooperation with these, China, Europe, Japan, Korea. Industry started working in 1950s and works under Ministry of Commerce, Government of Pakistan under Trade Organization Ordinance 2006.
Over recent years Pakistan’s auto industry has observed a lot of improvement. Just in a single year of 2016, car sales crossed 230,000 and continued to grow 10 to 15% every year. Billions of rupee are being invested in the industry with the new auto policy that offers ample incentives to newcomers. There have been seen a potential growth in investment in auto industry for over past few years. The rise in share value and financial development of auto companies has made it one of the most fruitful sector in Pakistan. Global brands are lining up to invest billions to cater to the rising demand of automobile in Pakistan.
Top 3 car brands in Pakistan
Toyota is a Japanese and the top selling car company in Pakistan. Mostly used belong to Toyota brand. Toyota Corolla is the most selling and popular car in Pakistan. During recent months more than 40 thousand units have been sold. Anticipating the demand, Toyota has manufactured same number of cars during this time. Corolla is available in different variants; GLI, XLI, Atlis, and Grande. All come with different features and variants’ prices varies up to 8 lac. The basic Corolla cost starts from 1.75 million and ranges up to 2.2 million for premium variant.
Suzuki is one of the most prominent car manufacture company in the world. Suzuki is famous for its products, variants and prices. It is considered to be more affordable as compared to other car brads. Suzuki offers brands; WagonR, Mehran, Vitz, Swift, Cultus, Bolan and more. Suzuki Mehran is one of the top selling car in Pakistan. In last year, more than 28 thousand Suzuki Mehran were sold and same number of cars were manufactured. Prices for Suzuki Mehran start from 6.7 lac and goes up to 8.02 lac basic to premium variant respectively.
Honda brings automatic models and awesome shapes. Honda gives a new look to its models from time to time with amazing features and colors. Honda sales mostly depends on Honda City and Civic. The new Civic sports look has got more attraction and rapidly increasing the sale. City is also famous because of its classy look. During last year more than 28 thousand Honda city and civic cars were sold, whereas, the company manufactured around 27 thousand cars only. Civic’s price starts with 2.3 million and City’s start with 1.5 million.