auto industry Archives - Page 2 of 3

Thousands are Laid Off by Auto Industry as Sales Reach a Record Low

May 24, 2023 - by UsmanAnsari - 2 Comments.

In recent months, Pakistan’s automotive industry has laid off thousands of workers as sales of automobiles and replacement parts have dropped massively due to a government prohibition on raw material imports, a significant depreciation of the currency, and surging inflation.

PAAPAM Says Auto Industry Might Shut Down Permanently

April 17, 2023 - by News Desk - 1 Comment

Unless immediate countermeasures are taken to save the “mother of all industries”, a massive tragedy would unfold, as the entire auto parts industry would shut down permanently, leading to losses of millions of jobs, rollback of localization, and repatriation of foreign investments by all the automotive assemblers.

Global Auto Industry Sets Record by Employing 1 Million Robots

March 25, 2023 - by UsmanAnsari - 1 Comment

The automotive industry has the largest number of robots working in factories around the world: Operational stock hit a new record of about one million units. This represents about one-third of the total number installed across all industries.

Auto Sector’s Woes Continue as More Assemblers to Observe NPDs

July 25, 2022 - by UsmanAnsari - 6 Comments.

The troubling times for import-dependent local auto industry continues as more assemblers will observe non-production days (NPDs) in July and August.

Auto industry Laments Imposition of New Taxes

February 5, 2022 - by UsmanAnsari - 16 Comments.

The local auto industry has lamented the imposition of new taxes on locally assembled cars and called it a deviation from the Automotive Industry Development and Export Plan (AIDEP) 2021-26 while also criticizing the import of used cars.

Auto Industry Perplexed Over Govt Decisions

January 11, 2022 - by UsmanAnsari - 2 Comments.

The auto sector isn’t too happy with the govt for making constant shift in policies. As per information the government has changed taxes and duties 7 times in the last 3 years.

A Market Where Cars Are Expensive Than Residential Property

January 2, 2022March 24, 2022 - by UsmanAnsari - 8 Comments.

Selling a handful of expensive vehicles can sure make the automakers & few rich people happy, but the decades-old problems of the industry will persist.