Pakistan government has granted greenfield status to 21 automakers to manufacture passenger vehicles as well as commercial vehicles under the Automotive Development Policy (ADP) 2016-21.
Ministry of Industries & Production (MoIP) has stated that new automakers from Korea, Europe, China, and Malaysia have entered the auto industry, bringing with them a total investment of over $1.0 billion.
The MoIP further highlighted that these seven automakers have been given manufacturing certificates in the auto sector:
- United Motor Limited,
- Regal Automobile Industries Limited,
- Master Changan Motors Limited,
- Lucky Motor Corporation Limited,
- Hyundai Nishat Motors Limited,
- Sazgar Engineering Works Limited,
- Al-Haj Automotive.
The manufacturing facilities of other companies such as MG JW SEZ are under development. The total production capacity of Pakistan’s automotive industry has increased from 275,000 units to 418,500, up 52.2 percent, units a year. It is expected to increase further as some new car companies are also inbound.