Reports highlighting the gravity of the situation revealed that the shortage could last for almost an entire year.
Several technical features in most new vehicles heavily rely on these computer chips to function properly. Therefore, the shortage is directly impacting production lines.
During the July-February 2020-21, as many as 95,139 cars were sold against the sale of 79,534 units while the production of cars increased from 88,196 units to 88,997 units.
Although the pandemic is not yet behind us, I am confident that our performance in the second half of the year shows that we have built a solid platform to move towards our mid-term targets.
The auto industry was thrown into turmoil last spring when the spread of COVID-19.
The sale and production of passenger cars in Pakistan has dropped in December 2020, according to the Pakistan Automotive Manufacturers Association (PAMA).
1300 cc and Above contributed the most to this drop in passenger car sales.