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Growth of Automobile Companies in Pakistan

started by saim1102 at 03:07:42 am on Jul 12, 2010 in Pakistan Auto Industry News

In order to meet rising demand the automobile industry has considerably increased its production capacity. According to Indus Motors, it has already brought forward its delivery date by six months for its latest model of Corolla. Other car manufacturers are also following suit.

Recently in order to discourage 'speculators', the government has made registration in the name of car booker mandatory, which would not be transferred before six months. "Whoever purchases the car, it will be registered on his name and he cannot transfer it for six months," announced Commerce and Industries Minister Abdul Razak Dawood.

In future, Razak said, if anybody books a car, he must give identity card number to the dealer so that the car must be registered in his real name.

He also announced that delivery time has been reduced from 90 days to 60 days, after which car manufacturers would pay mark up to the booker at the prevailing rate of State Bank of Pakistan (SBP).

Production by OEMs has also increased a brief overview of marques is as follows:

TOYOTA: When Toyota introduced new model in December, its production was only 62 cars in January, 52 in February, 700 in April, 625 in May, 786 in June, 799 in July and it is expected 900 units would be produced in August.

SUZUKI: The production of Suzuki Mehran was 651 in July and its target for August was 1100 while it would further increase production in September.

HONDA CIVIC: The production of Honda Civic was 575 cars in July.

http://www.pakistaneconomist.com/issue2002/issue37/i&e5.htm


saim1102
Age: 21
Location: Lahore ,
Joined: 2010-06-19 01:37:17


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