Whereas the automotive industries throughout the globe wrestle with rising enter prices, total inflation, Pakistani consumers additionally produce other challenges to deal with such because the poor state of economic system these days, depreciating forex and charging of excessive taxes on automobile purchases.
Jeep Wrangler Facelift Overview Daddy of off-road SUVs now higher| TOI Auto
Whereas there isn’t any comparability however to spotlight the burgeoning Indian PV market regardless of dealing with challenges reminiscent of provide chain restrictions, rising enter prices and so on, greater than 3.69 lakh vehicles had been offered within the nation on March 24. Home passenger automobile gross sales reached 3,69,381 models in March, as per knowledge launched by the Society of Indian Vehicle Producers (SIAM). These numbers translate to over 12,000 vehicles offered every day. It additionally marked a considerable 10 p.c progress as in comparison with the three,35,976 models offered within the corresponding month final yr.
It’s evident that the competitors among the many automotive manufactures within the Southern Asia area is growing and Pakistan has been struggling to maintain up with the evolving dynamics. Certainly, a number of distinguished producers have already ceased their operations within the nation, whereas others are rumored to be contemplating an exit if situations fail to enhance.
Keep tuned to TOI Auto for contemporary updates on the automotive sector and do observe us on our social media handles on Fb, Instagram, and X.
