KARACHI: The local auto industry will produce around eight million vehicles in different categories annually by 2026, an official of the Engineering Development Board (EDB) said on Tuesday.
“The new auto policy has a strong focus on exports, as well as capacity enhancement of the industry,” EDB chairman Almas Hyder said, while speaking at the annual dinner of the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM).
The policy seeks to generate volumes of over 600,000 in four-wheelers, over 100,000 in tractors, and over 7 million units/annum in motorcycles by 2026.
The association announced that the 19th edition of the Pakistan Auto Show, one of Pakistan’s most popular exhibitions, is going to be held at the Karachi Expo Centre from January 21 to January 23, 2022.
“The auto show is a very important opportunity for [the] local companies and businesses in Pakistan to showcase their capabilities,” PAS 2022 convener Zain Shariq said.
The auto show reflects the level of engineering that is being undertaken in Pakistan and how it is adding value to the local manufacturing industry, he added. Zain said that a strong presence of diverse models is expected at the show since a large number of new entrants have entered the market.
“Several electric vehicle manufacturing companies are already on board, while the launching of a few new models will also be in the offing at the show,” he added.
Paapam chairman Razzak Gauhar said that the association had always played a pivotal role for the provision of business opportunities and growth of the auto engineering industry, as a whole.
At the PAS 2022, Paapam has established a substantive business generation model for everyone, including its members who are not exhibiting and the representatives of the allied industries, he added.