Automotive industry in Pakistan | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-02

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Automotive_industry_in_Pakistan


00:02:31 1 History
00:02:40 1.1 Early years (1950–1969)
00:04:43 1.2 Nationalisation (1970–1989)
00:07:14 1.3 Deregulation (1990–2009)
00:09:54 1.4 Rapid growth (2010–present)
00:11:50 2 Historical production by year
00:12:01 2.1 Automobiles
00:12:10 2.2 Motorcycles
00:12:20 3 Active Manufacturers
00:12:30 3.1 Automobiles and commercial vehicles
00:12:41 3.2 Motorcycles
00:12:51 4 Defunct Manufacturers
00:13:10 5 See also



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SUMMARY
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The automotive industry in Pakistan 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. Currently there are 3200 automotive manufacturing plants in the country, with an investment of ₨92 billion (US$870 million) producing 1.8 million motorcycles and 200,000 vehicles annually. Its contribution to the national exchequer is nearly ₨50 billion (US$470 million). The sector, as a whole, provides employment to 3.5 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 Asia. Over 180,000 cars were sold in the fiscal year 2014-15, rising to 206,777 units fiscal year 2015-16. At present, the auto market is dominated by Honda, Toyota and Suzuki. However on 19 March 2016, Pakistan passed the "Auto Policy 2016-21", which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Kia, SsangYong, Volkswagen , Faw  and Hyundai have expressed interest in entering the Pakistani market. NLC signed an agreement with Mercedes Benz for the manufacturing of Mercedes Actros trucks in pakistan.Pakistan has not enforced any automotive safety standards or model upgrade policies. Obsolete vehicles including the Mehran, Bolan, Swift and Ravi continue to be sold by Pak Suzuki.