State levies exorbitant duties and taxes, take those out of equation and cars are still quite cheaply built. Considering car makers have to earn profit to sustain the business. Refer GST in car invoice.
Mostly people blame car makers, state should be held accountable too. Instead of bringing new people in tax network they are killing those who are already paying taxes.
Nishat Group is highly liquid by virtue of MCB bank and their lobby is strong, I heard about these plans years ago when I was associated with them. Good to see it all come to fruition and they enter every business with a bang. Let’s hope they have studied and researched market in depth.
It’s a positive sign.