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Toyota Indus's Corolla is the most assembled car in Pakistan. In 2017, 52,874 models were made. The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th ...
Previously, Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt. [6] Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21. [7] [8] Hyundai Nishat Motor launched Elantra sedan in March 2021. [9]
PakWheels is a Pakistani online marketplace for car shoppers and sellers based in Lahore. [2] It aggregates thousands of new, used, and certified second-hand cars from thousands of dealers and private sellers. [3] The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance ...
Pakistan Automotive Manufacturers Association (PAMA) was founded in 1994. [3] It is licensed by the Ministry of Commerce under the Trade Organizations Ordinance 2007. [4] PAMA also serves as the central source of statistical data for the automotive industry. [5] [6] [7]
The FBR conducted a thorough investigation and found NO evidence of under-invoicing. MG Motors had already denied any wrongdoing and stated that they were committed to following all relevant laws and regulations. [13] In the beginning of 2023, The retail price of MG Essence increased by 19% in Pakistan due to an increase in custom duties. [14]
Dewan Farooque Motors Company Limited was incorporated in December 1998 by Dewan Yousuf Farooqui to assemble Hyundai and Kia vehicles in Pakistan. [2] This followed an earlier introduction of Kia cars in 1994 by Naya Daur Motors, which reportedly collected around Rs 800 million in booking fees from approximately 16,000 customers but delivered only a limited number of vehicles before its collapse.
United Auto is now engaged in manufacturing of loaders, scooters, rickshaws and bikes in Pakistan. It has a joint venture with a Chinese automaker to produce these two new vehicles for the Pakistani market. [2]
In January 1992, Bibojee Group acquired National Motors Limited for PKR 150.44 million (US$ 24.50 million), under the privatization scheme of the Government of Pakistan. [7] [8] [5] The Bibojee companies are owned by the heirs of Habibullah Khan Khattak. In 1999, the company was renamed to its original name. [5]