When the local car industry is having a tough time, and misfortunes are well documented in the face of gruesome economic graphs, the auto sector in the neighboring country seems in full swing. The local car assemblers are announcing back-to-back production cuts and price hikes, leading to dwindling sales charts. At the same time, the Indian auto industry is all set to welcome BMW’s 19 different car models, including electric vehicles.
The company expects double-digit sales in 2023 in the country and also focuses on electric vehicles to add 15% to overall sales. The group also informed about the plans to launch 3 bike models this year under the BMW Motorrad business.
The BMW Group India President Vikram Pawah stated, “We are going to launch 22 products which include 19 cars and three bikes during this year. We are going to launch 22 products which includes 19 cars and three bikes during this year, “two-thirds of our volume will be either new or refreshed products which is probably for the first time that so much of the product is changing in one year itself,” Pawah added.
Toyota Pakistan Halts Production in Pakistan
Pakistan is the land where the worsts do come true, and so is our local auto industry. The local car assemblers are announcing back-to-back production cuts following Import curbs inflicted by the State Bank of Pakistan (SBP).
In a recent notification, Toyota Indus Motors (IMC) announced a second production cut this year. As per the circular, the company’s assembly plants will remain close from March 24, 2023 to March 27, 2023. Moreover, from March 28, 2023, the company will resume with single-shift and the reason is limited inventory.
what do you think about the ongoing situation of local car industry comparing it with Indian auto sector? Drop your thoughts in the comments section.