Auto parts industry in panic over New Energy Vehicle policy

The Auto and Auto Parts Policy 2026-31 has turned into a mystery. Multiple drafts are circulating, yet no one outside close government circles knows the exact contents of the document, which was approved “in principle” by Prime Minister Shehbaz Sharif in early September and forwarded for “IMF review” late last month. The country’s 1,200 auto parts manufacturing companies, which employ 300,000…