The economy and infrastructure of Pakistan has changed much due to China Pakistan Economic Corridor. Apart from the construction of several developmental projects, Chinese businesses are also making their way to take benefit of CPEC in Pakistan.
One such business we can view is the emergence of Chinese trucks and truck companies in Pakistan. Chinese truck makers introduce their stuff recently in Pakistan Auto Parts show at Karachi Expo Center. The reason for this eagerness of Chinese truck makers is due to the benefit that can be achieved by the project which aims to connect China with Pakistani seaports.
Manager tender and commercial sales at Dysin Automobiles Limited, Javaid Iqbal, told that they are expecting more business in the coming months while Dysin Automobiles has already sold 700 trucks in Pakistan and it participates in Pakistan Auto Parts Show regularly.
Usually, trucks are used in transporting goods and commodities but several private contractors are using large number of Chinese trucks for infrastructure projects due to increase in economic activity as a result of CPEC.
Chinese Trucks to Be Used in Karachi’s Mass Transit Project
There were 3 Chinese Truck companies and just one European Truck Company in the Auto Parts show. R&R Corporation’s marketing & sales director, Rana Ali Hassan, told that total 12 Chinese buses will be used in the mass transit project of China and they will soon arrive in the city.
The reason behind the increase of sales of Chinese trucks is their exceptionally low cost as compared to their rivals. If cost of a Chinese truck is Rs. 7.8 million than the equivalent Japanese truck will be available at Rs. 12.6 million while Rs. 16.5 million will be the price of the same type of European truck.
Europeans Not Far Behind
But European truck companies are also planning to enter Pakistan despite such tough competition by Chinese companies. One among these is the German truck company named MAN SE after which there are expectations for entering of other European companies to take benefits of CPEC project.
Swedish company Volvo has also announced to expand its business in Pakistan.