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Where at one end, this has helped car premiums to ease-up lately, the same has, however seriously damaged the market shares of the OEMs. The Government has decided not to change its import policy for the time being in order to protect the consumer interests. In our view the steps agreed under the program, would give strategic direction to the OEMs in devising their long term investment plans. OEMs have always argued on the lack of direction from the government side. Pak Suzuki has the highest deletion/ localization levels. Indus and Honda are in the process of either in establishing or assessing in house localization opportunities...
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