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According to the Pakistani "Daily Newspaper" reported on September 20, after experiencing steady growth in the 2015-2016 fiscal year, heavy commercial vehicles still maintained a steady growth momentum in the first two months of this fiscal year.
According to reports, an auto assembler stated that some assemblers have already received a large number of orders from the military and the Punjab provincial government. In addition, the construction of the China-Pakistan economic corridor has also increased the demand for trucks.
Riaz of the Hinopak Auto Business Planning and Implementation Department believes that the increase in the demand for heavy vehicles is the result of economic growth in Pakistan. The development of large-scale manufacturing has promoted the development of trucks.
He also stated that government policies play an important role in promoting sales of heavy vehicles. The new "Automotive Development Plan" issued by the government stipulates the age limit for imported second-hand commercial vehicles, which has played a very big role in promoting the local auto industry. He believes that the increase in car demand has also been affected by the increase in engine prices, after the government increased the import and export tariffs on the engine.
October 14, 2021