Auto market seen doubling in next 5 years
July 8, 2021
KARACHI: Pakistan’s auto market demand is likely to double from 300,000 units to 650,000 units in five years as a result of rapid digital transformations in the country’s economy coupled with a growing young population, a Chinese automaker said on Wednesday.
“The recent population trend shows around 10 million young males are expected to become independent earners in just half a decade,” said an official of Master Changan Motors Limited (MCML) during the company’s first vendor conference.
The conference that was held at the company’s plant in the metropolis is also the first ever such event conducted by any new entrant in Pakistan’s automotive industry.