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Browsing Category
News
The latest news from the automobile industry.
Chip Shortage May Cause New Price Hike Series
Where slipping rupee value and massive increase in duties imposed on imported cars considered as the reasons for next price hike series, semi-conductor chip shortage is adding fuel to the fire of discontent.…
Kia Releases Photos of the EV9 Before Its 2023 Debut
Kia has released pictures of the EV9 being tested - a concept revealed at the Los Angeles Auto Show 2021. The full-size electric crossover will go into production in the first quarter of 2023 and will be Kia’s…
Princess Diana’s Car Auctioned at Record Price
Princess Diana’s 25th death anniversary is less than a day away, and one of her memorabilia was auctioned last Saturday, according to Associated Press.
Silverstone Auctions organized the auction, which…
Toyota Temporarily Suspends Its Production Activities
After the government ended the import ban, Toyota Indus Motor Company still has things to settle. In a notification, the company has announced a new production cut to observe in the near coming days.
What…
A New Slippage in Rupee value- Will car prices go up again??
Last couple of months have not been good for the local car industry. Rupee sank to an all-time new low against the dollar, which in turn nudged the automakers to increase car prices.
And; after Rupee…
PSO Installs EV charging station on Islamabad-Lahore Motorway
Pakistan State Oil took a step for electric vehicle owners of Lahore and Islamabad, who often commute between the two cities. State's oil company (PSO) accomplished its plan to Install an electric charging…
This Is New Regulatory Duty Imposed On Imported Used Cars
The government of Pakistan ended the import ban imposed on luxury and non-essential items with a signal of whooping increase in regulatory duty. And two days ago, we witnessed the same what was promised.
The…
Pak Suzuki Reopens Bookings of Its Specific Cars
When the Pakistan auto industry was staring into the abyss of financial ruin, the government felt the contour of crisis and took a step to let the fortunes reverse.
The local car Industry is passing through…
Pak Suzuki Reports a Big Loss in Half Year
The leading market player in the industry, Pakistan Suzuki Motor Company Limited (PSMC), has unveiled its financial charts for the half year.
Reports have revealed that despite a profitable quarter, the…
KIA Resumes Bookings of All Its Models
After the incumbent government eased the import restrictions, automakers started passing on the effect to the customers. Lucky Motors Corporation Limited (LMCL) has resumed the bookings of all its models at the…
Regulatory Duty Hike Will Affect These Imported Cars Price
Now, it's time to deliver what the government of Pakistan previously promised – to make it impossible for the customers to buy imported cars.
In a bid to control shattering economic charts, the incumbent…
Regulatory Duties on Imported Cars Raised to 100%
In a bid to control import bills and avert the fiscal slippages, government has started taken the necessary steps. In a recent action, the Federal Board of Revenue (FBR) has increased the regulatory duties (RD)…
Car Giants forcing Owners For “Basic Features Subscriptions”
With an evolution observed in car technology, auto giants are racing for stern financial measures. Chasing a new revenue model, the dominant automakers are forcing car buyers to pay a tacked-on fee to access…
Haval to Halt Fuel-powered Cars by 2030
With an international campaign to go green, Chinese automakers are embarked on to follow new energy vehicle (NEV) development. Following other car giants, Haval, owned by Great Walls Motors (GWM), has announced…
Price And Interest Rate Hikes Affects Car Financing
Where Indelicate handling of economic charts has resulted in a back-to-back increase in car prices, non-issuance of letters of credits (LCs) from the State bank of Pakistan and loan restrictions has made the…
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