The changing landscape of automobile industry
Consumers are quite skeptical with introduction of SUV rather than standard models. Therefore, which is going to step out with introduction of new auto policy.
The companies have raised their hopes on introduction of CUV category, which is joint venture of Changan and Master motors. However, there is less fraction between sedan and SUV’s price tag due to least differentiate car models
On contrary, the decline in imports have opened floodgates of opportunities for fleet manufacturers. In the longer run consumer will benefit from competition. However, competition drives innovation which is healthy for consumers.
Since its launched KIA have managed to sold 22,000 units. If we talk about opponent Hyundai have managed to sold 2,457 units during pandemic crisis. The number of new entrants is also planning to launch new SUVs in Pakistan despite of the fact low tier models face tough competition. The eye ball of automobile lies on revised auto policy.
MG, Hyundai, cherry, and changan is on verge of introducing new line of CUV’s in following suit of rapid demand of CUV’s globally. Though, the local market share is still which is dominant by Japanese automobile.
Unfortunately, local consumer always been deprived of d sustainable, affordable and eco-friendly automobiles for many years. The auto sector has been bounced by aggressive measures taken by commerce industry, Still there is light in the end of tunnel. Though, with growing number of foreign remittances which reflects signs of a healthy economy, automobile sector is anticipating double digit growth during post pandemic phase.
