Pakistan Automobile Industry Analysis 2020
In 2020, growth of almost every industry was effected as the consumption of goods was very less as compared to its production. Similarly, automotive industry also faced similar situation and went through constant decline as according to research there was not a single car sold in Pakistan in the month of September and the industry was completely dead. People were even struggling to fulfil their basic needs so in this situation no one will prefer to buy a car. Automotive industry news in the new concern of people due to fluctuation in the prices. There was an adverse effect to automotive industry as sales had dropped drastically and profit margin for companies was reduced. 2020 was a tough year for vendors as they faced heavy losses and made a very little profit. Original equipment manufacturers helped them in this moment of crisis as they helped them by paying direct cash to them. This provided them some ease in business and they maintained their position in market. Indus motors...