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The industry has been on a comeback trail over the past two years, aided by a recovery in economic activities and increased mobility although the pace of revival across the various automotive segments has been somewhat mixed, ICRA said in a statement.
India's domestic automobile industry is anticipated to achieve moderate growth in FY24, with the passenger vehicle segment reaching all-time high volume levels, supported by personal mobility preference and stable semiconductor supplies. The commercial vehicle industry is expected to approach pre-pandemic highs with modest growth, while the two-wheeler segment continues to face challenges.
Dealers believe that this year's festival season is expected to be record-breaking for PVs and 2Ws after two dull years since Covid.
Asim Ayaz, General Manager Policy at Pakistan’s Engineering Development Board (EDB), said on Saturday that quotas...
KARACHI: The government’s high auto taxes of 37-43% are severely hampering Pakistan’s auto industry growth. This...