Will Pakistan's Auto Industry Run To Plan?

With the first eight months of FY2006/07 gone, Pakistan's automotive industry is on track to meet the forecasts set out in BMI's recently published Pakistan Automotives Report. After a mixed performance in the first half of the financial year, during which leading manufacturers Honda Atlas Cars and Daewoo Farooqi Motors registered declines of around 42% y-o-y each, while Indus Motor Company and Pak-Suzuki Motor Company raised sales by 31.33% and 18.41% respectively, BMI reduced its outlook to project growth of 5% (car sales are set to rise by just 2.8%), while we have maintained our output growth forecast at 2.8%,

To read the full article, please choose one of the following options: