Pakistan’s Automotive Industry Predicts Significant Growth Due to Rapid Digitization
Syed Shabbiruddin, Sales and Marketing Director, Master Changan Motors commented
The first paycheck was given to the previous generation at the age of 27, but now, thanks to the opportunities created by digitization, this limit has been reduced to 21 year
He said in a presentation that the company is targeting clients between the ages of 25 and 64 and a large number of young people enter the list of automobile owners every year.
Explaining further
Explaining further, Shabbiruddin said that these people start working at an early age – usually at the age of 21 and develop rapidly in the social class.
The growing number of women in the corporate sector will also lead to a significant increase in the interest and proportion of women buying their own cars, the marketing director claimed. Buys cars
In addition, the rich are expected to reach 21 million by 2025, 27 million by 2031 and 30 million by 2035.
He further said that the influx of new manufacturers and better government cooperation has also contributed to the increase in car sales in the country.
He remarked that the automobile industry is still adopting and changing. He believes that in addition to increasing car sales, young people can participate in the manufacture of automobiles and their parts, as well as purchase replacement parts online. Can build a reliable platform for and create a better future
President of Union of Small and Medium Enterprises Zulfiqar Ali Thawar said
President of Union of Small and Medium Enterprises Zulfiqar Ali Thawar said
that the car industry has clearly succeeded in attracting the youth
However, the automobile industry needs to produce more local parts and reduce the burden on the exchequer, he added.
Elaborating further, Thawar said that although the future of the automotive sector looks promising, he believes that it will continue to decline for some years to come. Naeem, a resident of Ismail Iqbal Securities, has predicted a decline in car sales in FY 2023 due to tax concessions given in the budget of -22.
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