Aiming for exports
July 7, 2021
LAHORE: Pakistan’s auto industry is now looking at the government to come up with a new auto policy, as the previous long-term document that had been in effect since 2016 has expired.
Auto policy 2016-21 gave consumers greater choice as new players challenged existing car assemblers.
The new policy should be announced after analysing the impact of the expired policy. A look at the 2016-21 policy shows that it was only partially successful as new entrants made their mark in the market.
The monopoly of three Japanese manufacturers was only partially dented. Moreover, European brands opted out after showing initial interest. French automaker Renault announced to pull off its investment due to economic uncertainties.