Assemblers Imported $62 Million Worth of CKDs/SKDs in April

Auto assemblers have imported $62 million worth of CKDs/SKDs in April, as compared to $43m in March and $39m in February, in anticipation of good sales ahead of Eid however the assemblers are sitting idle with huge parts inventory at their disposal as plants are closed since the 22nd of March due to COVID-19 lockdowns.

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Assemblers Shrewd Enough to Increase Prices Ahead of Budget FY20-21

The government is planning to reduce some duties & taxes in the upcoming Financial Budget 2020-21 which means any cut in duties & taxes will force automakers to bring down prices after the budget is announced, which is exactly why assemblers have already announced a superfluous price increase so as to avoid any price cuts in post-budget scenario

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