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Chart 2.2: MAJOR JOINT VENTURES FOR AUTOMOBILES
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| Chart 2.2: MAJOR JOINT VENTURES FOR AUTOMOBILES COMPANY JOINT VENTURE PRODUCT Indus Motor Co. Toyota & Daihatsu, Japan Corolla & Cuore Cars Atlas Honda Ltd. Honda, Japan Honda Cars Motorcycle Pak Suzuki Motor Co. Suzuki, Japan Cars, Van, Jeep, Pickup Suzuki Motorcycle Suzuki, Japan Suzuki Motorcycle Ghandhara Nissan Ltd. Nissan, Japan Cars & Truck Dewan Farooq Motors Kia & Hyundai, Korea Cars & LCVs Master Motor Corp. Yuejin & Faw, China LCVs, Buses Mitsubishi, Korea Prime Movers, Trucks, Buses Sind Engineering Ltd. Dong Feng, China LCVs, Bus Sigma Motors Ltd. Land Rover, UK Jeeps Afzal Motors Daewoo, Korea Trucks, Buses Karakoram Motors Changan, China LCVs Nexus Motors GM Daewoo, Korea Chevrolet Cars Source Presentation on Automobile Sector, EDB. There has been a phenomenal jump in the production of motorcycles, which has increased fourteen fold, from 118,000 into over 1.7 million in 2010-11. This is truly a success story and is a reflection of the rapid entry of new manufacturers, with relatively low priced makes, which has increased competition and prevented large price increases by the established manufacturers. Production of tractors has held up well in recent years, unlike the case of cars. This has been the consequence of large increase in rural incomes due primarily to the jump in prices of wheat and cotton. As opposed to this, production of buses and trucks has declined by 51 percent 21 and 36 percent respectively during the last five years. This reflects the stagnation in the transport sector.In addition this also reflects the competition provided through the import of secondhand CBU trucks and buses, and the import of old chassis (declared and assessed as scrap) of concrete mixers, dump trucks and other construction related ORVs and their subsequent conversion to rigid 2- and axle rigid trucks. These sell in the market for Rs. 800,000 to Rs. 1.5 million. Download 0.77 Mb. Share with your friends:
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