PakWheels believes in keeping its readers informed about the current situation, news, and trends emerging in the automotive industry. Our weekly blog has brought information about petrol prices, new model cars, EV solutions, and much more. To read further, start scrolling below.
1. Revised Petrol Prices
The unstable economy of Pakistan is consistently revising fuel prices bi-monthly. For the current month, the petrol price has been set at Rs. 281.34 with a reduction of 2.04/L and diesel price at Rs. 296.71/L with a decrease of 6.47/L. However, these prices are expected to be revised by the mid of November.
2. Surge in SMOG
Smog has unfortunately become a norm of Winters. Recently, Lahore has been rated as the 2nd highest city worldwide with an AQI index level above 400. However, the title of the highest AQI level still resides with Delhi (the capital of India).
Encountering the worsening situation in Pakistan, the government has launched a crackdown against ill-fitted vehicles. However, PakWheels advises the authorities to issue a yearly fitness certificate to domestic vehicles as commercial vehicles. This will help in setting the emission standards.
3. MG4 Launch
The 1st quarter of the month was boosted with progressive news of the launch of two exciting models from the brand maker MG. The two models, Excite and Essence, will be competing with KIA and Honda brands in the market.
4. GIGI EV launch
As the end of the year approaches, auto brand mills start churning for new models. Another brand, GuGo Motors, has launched their electric car, GiGi, which is under testing by PakWheels’ experts and will soon be on the board with full specifications.
5. Toyota Launches its 1st Hybrid
With the automotive market raving with the launches of hybrids and EVs, Toyota brings its first hybrid in Pakistan as Toyota Cross. Previously, this model was available as CBU, but now the CKD units are expected to touch the market expectedly by December.
6. EV Bikes Enter the Pakistani market
A small company, Easy Bikes, has launched its first EV bike in Pakistan with a swappable battery solution that is sure to encourage consumers to shift from gasoline bikes to electric bikes.
7. Suzuki brings Swift deals
As the automotive manufacturers continue their production shutdowns due to increasing inventories and lowering demands, Suzuki has come up with a marketing idea to regain its long-lost sales on the model Swift.
8. Buy Cars on a Zero-Interest Plan
Gearheads is trying its best to regain car sales. Another strategy of zero-interest plans has been launched by bigger brands like KIA, Honda, and Peugeot, offering customers new cars with a bread-down payment schedule.
To sum up, the hike in petrol prices and plummeting worth of Pakistani currency has led to an overall decrease in car sales by 26%, according to PAMA, which has led the brands to bring lucrative offers for their customers to visit respected dealerships. PakWheels believes it is the best time for consumers to buy new cars through an interest-free method.
To stay updated on the latest news about the car market, stay connected with our channel or visit PakWheels’ official website.
