Many foreign automakers have entered Pakistan’s market after the auto policy 2016-21. Different automakers from Korea, France, China are eager to invest in Pakistan’s auto market and locally produce the vehicles in the country.
Now two Chinese Automakers LIFAN and Beijing Automobile Works are entering the Pakistan market. They will receive approval for entry into the country.
Engineering Development Board (EDB) confirmed this news that the two automakers are all set to introduce vehicles in Pakistan. LIFAN will enter the market in collaboration with Pak China Motors. The file of the company will be approved by Ministry of Industries and Production (MoIP).
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Beijing Automobile Works (BAW) will enter Pakistani market in collaboration with the local partner Cavalier Autos and the company has also applied for Greenfield status. After they get the approval from relevant authorities, they will be able to set up their assembly plants in Pakistan.
Initially, both the automakers will launch Light Commercial Vehicles (LCV)s in Pakistan.
Other than these two already many foreign companies have collaborated with local companies and are setting up their auto plants in Pakistan like Hyundai-Nishat, Kia-lucky Motor, United Motor, Renault, Sazgar Engineering Works, Changan Master Motors etc. So much so that Chinese state-owned car manufacturer JAC Motor is planning to launch electric vehicles in Pakistan. Furthermore, Hyundai is planning to launch imported vehicles in Pakistan this year and it is expected that Renault will launch 5 new cars in the country. Kia Motors will introduce vehicles including Kia Picanto, Sportage, Carnival & K2700 in the country.
Chances are that Ford might also enter Pakistani market and Haier Group is also planning to launch vehicles in the country.