The Automotive Development Policy 2016-21 has brought about a drastic change in the automotive landscape of Pakistan. The policy, since its announcement, has attracted many global car brands that are looking to invest in the country, including Nissan Renault, Audi, BMW and Volkswagen. Anticipating a tough competition, the existing brands are gearing up and launching multiple new models to retain market share, while other companies are entering into joint ventures with foreign car makers to set up plants.
Here are a few key statistics about the sector:
Read a detailed coverage of Pakistan's automobile sector here.