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News
The latest news from the automobile industry.
Bike production in the country increases by 12.97% in FY 2017-18
Bike production for the Fiscal Year 2017-18 has gone up to 2.8 million units.
According to the Pakistan Bureau of Statistics (PBS), the bike production in the country has gone up by 12.97% to 2,825,073 units…
OGRA recommends petroleum price reduction by up to PKR 6
On Thursday 30 August 2018, Oil and Gas Regulatory Authority (OGRA) recommended to the government to reduce prices of petroleum products by up to PKR 6.
As per the recommendation, the authority has proposed…
Al-Haj group signs agreement with Proton to sell its cars in Pakistan
Al-Haj Group has signed an agreement with Malaysian automaker, Proton, to assemble and distribute its vehicles in the country.
The signing ceremony was held at Proton Motors Head Office in Kuala Lumpur on…
Tesla to remain public, says CEO Elon Musk
Just a few weeks ago we brought you news that CEO Elon Musk was planning to take electric car company Tesla private at around $420 a share. He took to Twitter to say he had been considering it for a while and…
Porsche 911 2020 spied without camouflage – only the badges remain to be seen
We’ve seen a lot of spy shots of camouflaged test versions and even some completely uncovered 911 Carrera or Carrera S’s rear. According to this new set of spy shots, it would seem that the next-gen Porsche 911…
Rezvani Motors unveils one of a kind luxury TANK
There are SUVs, there are pickup trucks, there are military SUVs, there are luxury SUVs, and now, thanks to Rezvani Motors, we have the first luxury military vehicle called TANK. The “luxury meets military” SUV…
Toyota Rush 2018: Price and launch date revealed!
The hype around Toyota IMC’s entry-level mini-SUV/MPV, Rush, is getting bigger as the release date of the vehicle is really close. As per our credible sources, the company will be launching the second…
Toyota IMC to invest PKR 3.3 billion in local auto industry
In a bid to expand its operations in the country, Toyota IMC has announced an investment of PKR 3.3 billion.
The approval of the investment and to increase the production capacity of the plant to 76,000…
Toyota IMC net profit rises by 21.31%
Net profits of Toyota Indus Motor Company are up by 21.31% in the FY’18.
One of Pakistan’s leading local automaker, Toyota IMC, in a notice sent to Pakistan Stock Exchange of Pakistan (PSX), has revealed…
Police form bike squad to curb street crime
In an aim to curb street crime from District Korangi, the city Police have formed a specialized bike squad, namely the anti-street crime force.
Street crimes have become a nuisance for the residents of…
Tesla Model 3 becomes a top seller in the US passenger car market
It is no secret that Tesla faced a really bad patch during and right after the launch of Tesla Model 3. The funny thing is that the bad patch was not because Tesla Model 3 was a failure, but because it was a…
1962 Ferrari 250 GTO sets new record, sold at auction for $48.4 million
The Ferrari 250 GTO, what is considered not only the best Ferrari's ever made, but one of the best cars of all time. The 250 GTO was a GT car produced by Ferrari from 1962-1964. While originally, only a 100…
Benelli TNT 150 and Benelli TRK 502 tourer come to Pakistan [Price Update]
Benelli Pakistan has launched its first tourer bike called the Benelli TRK 502. Along with the launch of TRK 502, the Italian bike maker is also teasing people with a display unit of the much-awaited Benelli…
Hascol Petroleum’s profit down by 25.2% to PKR 298.5 million
Hascol Petroleum reports 25% dip in its net profit for Q2 of FY 2018.
As per the notice, sent to Pakistan Stock Exchange, by the company, its net profit for the second quarter that ended on June 30, 2018, is…
Diesel price to be reduced by up to PKR 17
In a bid to give much-needed relief to the masses, the government would be reducing diesel prices by up to PKR 17 per liter.
On 24 August 2018, while talking to the media, the new petroleum minister Ghulam…
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