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Manufacturing Certificate of all OEMs is due to expire on Sept 30, and would have been renewed if export target had been met
Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut...
"Whether it is the United States, whether it is Europe, whether it is Japan, whether it is China — all these countries have now become saturated in terms of their ability to absorb more cars. And all these countries really are not having any growth in their market. Their production is a replacement kind of situation."
"India is the only country which has still a lot of distance to go before the market becomes saturated. It is for this reason that in the last 15-20 years almost every car manufacturer in the world has found its way into India. And those who have not come are looking to come now, because they think that the changing technologies and requirements give them an opportunity which they might have missed earlier."
Across the world, the engineering industry is one of the significant contributors to the economy. However, in...