Are GAC New Cars Being Introduced In Pakistan?
September 29, 2022 / By Zunair Tahir / Automotive News
SUPERPAK Engineering (pvt.) ltd. first hinted at GAC Motor, a new SUV producer in Pakistan, last year. Chinese state-owned automaker Guangzhou Automobile Group (GAC) manufactures and markets passenger automobiles in more than 120 nations.
A year ago, Mukhtar Ahmad. Ahmad said during the conversation that the business will introduce a Completely Built-Up (CBU) facility in Pakistan in November 2021. Ahmad further said that GAC will release a compact sedan and a compact crossover SUV in Pakistan in 2022.
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Last year, the business started using social media to promote the GS3 subcompact crossover SUV. However, the business has been inactive on social media as well since May 2022.
According to credible market sources, All About Cars has found that SUPERPAK’s plans are presently in limbo as a result of the continued economic climate, local currency depreciation, tax rate increases, and import limitations from the State Bank of Pakistan for the automobile sector (SBP).
We made an attempt to get in touch with Ahmad to ask him about this news and are currently waiting for a response.
Additionally, we just learnt that the introduction of the HR-V and Every Wagon, respectively, are being delayed by Honda Atlas Cars Limited (HACL) and Pak Suzuki Motor Company (PSMC). Both businesses made suggestions that their new products might debut at the Pakistan Auto Show (PAS) in 2022.
All automakers have postponed the introduction of new vehicles as a result of these issues. The insider also said that until the current upheaval ends, which might not be until Q2, 2023, auto-sector activity will stay subdued.
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The following issues have developed since then:
- Within the past two months, the US Dollar (USD) rate has twice achieved an all-time high.
- Automobile manufacturers have reduced output as a result of the State Bank of Pakistan (SBP) banning imports.
- The government has announced increases in tax rates for certain automobile classes.
- Up to 20 percent has been added to car costs.
- Vehicle sales have drastically decreased.
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