Automotive industry is one of the fastest growing industries in Pakistan. Our market is dominated by local assembled cars like Honda, Toyota, Suzuki and else Japanese manufactured automobile, which have their assembly plant in Pakistan and they usually have co-owned with local partners. Import of used cars has drastically increased from 2015.
According to a report published by the Import General Manifest (IGM), this year, about 75,723 cars were imported in Pakistan from around the globe and the most number of imported cars were from Japan. Despite the fact that the Government of Pakistan, added more tax on car import this year, an increase of about 70 % was witnessed, as said by the report. According to the survey report analysis, the topmost reason for the Pakistanis to encourage the use of Japanese cars is the latest technology and the comparatively economical price when they are asked about the locally made cars made in Pakistan.
Majority of the imported car were compact, subcompact and SUV cars. The import of compact cars threatened local manufacture of small cars which launch two different models with a good sale in the local market. The government tried to impose the regularly duties on the purchase of imported automobile which largely failed. The imported cars are the biggest impediment to investment by new entrants and assemblers of cars.
SUVs are designed to drive on rough and tough surfaces. More often than not, these are used on highway and city streets. In some countries ‘SUV’ has replaced the term like a jeep or Land Rovers. SUVs are built upright and tall. The high center of gravity makes its drive faster while marking it safe. The best quality interior packing and great seating position add worth in its comfort and luxury. These vehicles have the surprising towing capacity as that of a pickup truck with the passenger-carrying room of a large sedan. The less fuel consumption ability of these support utility vehicles is the main reason of the fame.
SUVs have prevailed in the market as well as the thoughts of the people by becoming the world’s largest automotive segment in 2015. According to the IGM report, the import of SUVs increased up to 69% and 7,758 units were imported to Pakistan this year (2018). The increasing demand for these vehicles has given a market another dimension and compelled countries to increase its imports.
Automobile Experts 