pakistan’s bike makers to invest heavily
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Pakistan’s bike makers to invest heavily

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Pakistan’s bike makers to invest heavily

Karachi - Arabstoday

Pakistan’s local motorcycle producers are planning further investment of up to $150 million in their existing units to cope with domestic demand and successful launch of their products in global markets, a statement said quoting industry executives on Wednesday. The motorcycle industry analysts have pointed out that despite numerous hiccups the economy had during past four years, the growth in motorcycle production has been robust at 15 per cent, the statement said.“A decade back, the total motorcycle production in Pakistan was around 100,000 units, now the largest player alone is rolling out half a million units while total production of two wheelers has crossed 1.5 million,” the statement said quoting a top executive of a motorcycle maker said. Industry is on the path of sustained growth. The local demand for motorcycles is likely to exceed 2 million units within a year or two, he said according to the statement. “The global response to our quality motorcycles indicate a sustain and healthy growth in exports as well” he said adding that in fact, the industry experts are seeing themselves as the largest exporters in the engineering sector.He said that the sustained growth has been possible due to regular investment and up-gradation of technology in the motorcycle industry. “The growth we see in motorcycle production would not have been possible without investment”, he added. Fahad Iqbal chief executive of HKF Engineering the makers of Ravi motorcycles said that the industry now has to fulfil the growing demand in both domestic and global markets and for this, it needs to invest over $100 million in the next couple of years to keep abreast with the market needs and demands. He said that all the motorbike producers having production of 50,000 units or above is now planning to expand their capacities to cope up with the market demands.“There are almost a dozen players that have achieved this production level” he said adding that even if each of them invests $10-15 million, the total investment would cross $150 million. These units have been regularly making investments to increase their market share but now they have reached a level where they have to invest in high-tech parts to ensure that instead of having 90 per cent local components, the Pakistani bikes are produced by 100 per cent local parts, he added. The market analyst urged that in such an encouraging situation, the government should refrain from taking steps that might jeopardize this investment. He said that an investment of $150 million by local players without any government concession is better than vying for similar investment over a period of 10 years from a foreign player on huge concessions. From / Gulf Today

GMT 00:59 2018 Friday ,19 January

BMW aims to reignite US car sales

GMT 09:01 2018 Thursday ,18 January

EU car sales top 15-mn barrier in 2017: data

GMT 17:32 2018 Tuesday ,16 January

Fiat Chrysler won't sell Jeep

GMT 06:56 2018 Tuesday ,16 January

Lamborghini races to new sales record

GMT 22:50 2018 Sunday ,14 January

Tesla faces fresh Norway lawsuit

GMT 22:46 2018 Sunday ,14 January

BMW drives to new sales record
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan’s bike makers to invest heavily pakistan’s bike makers to invest heavily

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pakistan’s bike makers to invest heavily pakistan’s bike makers to invest heavily

 



GMT 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice