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Thread: Yamaha to invest $150million in Pakistan

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    Thumbs up Yamaha to invest $150million in Pakistan

    This is the latest and confirmed news. I heard the news on GEO and also came across this LINK

    I see it as a prologue to an entirely new era in "motor biking" in Pakistan. For the first time Yamaha will locally manufacture bike from 125 to 150cc range, plus the bikes will be featured with EFi technology.

    Lets hope they bring something according to the desires of the biker's community.

    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    InshAllah they will come May Allah Yamaha guys to stay here nabi bro we are only few peoples here on this thread but in reality every person of this nation want to see World standards bike in Pakistan and in their hands
    31.5497 N, 74.3436 E

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    I think we should e-mail yamaha officials to not to back down from this deal..For years long we have been sulking in the hands of these monoplists...Not any more..

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    Brilliant Idea; Infact it would be Great if PBC take it to Yamaha,

    I would Like to invite malikg115 bhai to officially forward message on behalf of Pakistan Bikers Club to Yamaha International to push authorites to get their policies fixed so that conusmer can actually get access to Yamaha International Models.

    Quote Originally Posted by devilskreed View Post
    I think we should e-mail yamaha officials to not to back down from this deal..For years long we have been sulking in the hands of these monoplists...Not any more..
    https://www.pakwheels.com/forums/motorcycle-travel-diaries/277725-sober-riders-visit-khunjerab-adventurous-way-via-nori-pass

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    Decision-makers fail to reconcile differences: Yamaha likely to shelve plan to invest $150mn



    Monday, 22 October 2012 11:25

    Yamaha to invest $150million in Pakistan - yamaha logo


    MUSHTAQ GHUMMAN
    ISLAMABAD: Yamaha Motorcycle Company is likely to shelve its plan to invest $150 million in Pakistan after Prime Minister Raja Pervez Ashraf, the Board of Investment (BoI), the Ministry of Commerce and Planning Commission failed to extend new entrant incentives.

    Official documents showed that the ECC in its meeting on August 16 this year, constituted a committee under the Chairmanship of the BoI to prepare a presentation for the ECC regarding the domestic motorcycle industry.

    The committee was authorised to associate manufactures, importers and vendors of motorcycles with its deliberation. The ECC was further informed that in pursuance of its decision, extensive consultations were held with the Pakistan Automobile Manufacturers Association (PAMA), Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) and leading manufacturers, importers and vendors of motorcycle industry. After detailed deliberations, the committee finalised its recommendations relating to: (a) general tariff reduction for motorcycle industry; and (b) policy for new entrants of the motorcycle industry. The Committee presented its recommendation to the ECC for consideration.

    During ensuing discussion, it was noted that against 113 units, only 68 units were operational. It was stated that artificial tariff barriers were allowing the corporatisation of the companies manufacturing motorcycles, which needed to be removed.

    It was, however, opined that operation of 68 units is a proof that there were no barriers and the sector was thriving. On a query, it was intimated that a 70cc Japanese motorcycle costs Rs.90,000 while a similar Chinese motorcycle costs Rs.65,000. It was stressed that the proposed tariff rationalisation should not increase the cost of motorcycle, which is being used by the common man. It was further stated that this issue was being deliberated for the third time in the ECC meeting, which was not encouraging. The purpose should be to protect the interest of the consumers.

    The meeting was further informed that during the meeting of the committee constituted by the ECC, it was unanimously agreed that tariff for CBU and components for assembly/ manufacture of vehicles in any kit form be reduced from existing 65% to 50% while for CKD kits not manufactured locally, the tariff would be reduced from existing 15% to 10%.

    However, the summary did not reflect this decision truly and has, recommended the tariff of 40% and 5% respectively. The tariffs proposed by the Ministry of Commerce are likely to open the floodgate of imports, thus negatively affecting the local industry.

    Besides, these tariffs would incentivize the new entrants to import rather than invest/utilise in local facility. The representatives of the motorcycle industry, who were specifically allowed an audience by the ECC, mostly favoured the 50% and 10% tariffs. They, however, stressed the need to provide level playing field to all the players i.e. new entrants as well as existing manufacturers.

    It was also stated that the new technology, if brought into Pakistan either by the new entrants or by the existing manufacturers, would be Euro-II compliant. However, the fuel available in Pakistan is not Euro-II compliant. As such the new entrant will not find the local market. However, there was a huge potential for export to India, which has 5% tariff for imports from Pakistan, while 100% tariff on CBUs, if imported from other/non-Saarc countries.

    It was also stated that under SROs issued by the Engineering Development Board (EDB) some parts/components when imported as built-up are subjected to reduced rate of duty as ?not being manufactured locally?. However, when the same parts/components are imported in other than built-up or form, these attract higher rate(s) of duty, compared to parts manufactured locally. Thus, there is a need to examine these SROs and basis there of. It was suggested that, in principle, the existing tariff should go down. However, it would be prudent to do this in a gradual manner so that the local industry can adjust itself.

    At a recent meeting of a high powered committee presided over by the Finance Minister discussed prices of motorcycles of 70cc and others being assembled in Pakistan or imported from abroad, compared with prices of the motorcycles which may be manufactured locally or imported after the change in policy.

    The proposed duty structure would apply equally to the new entrants and existing manufacturers so as to provide a level playing field to all the manufacturers.

    SROs issued by the EDB allowing benefit to OEMs and basis there of should also be examined with a view to providing similar treatment to the parts/ components when imported as built-up for or in other than built-up units.

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    Another debate likely between local industry loyalists, Yamaha: ECC meeting today

    October 23, 2012MUSHTAQ GHUMMAN

    Another debate is anticipated between loyalists of local motorcycle industry and M/s Yamaha on Tuesday (today) over "protection to motorcycle industry" at the ECC meeting to be presided over by Minister for Finance, Dr Abdul Hafeez Shaikh.

    A summary to be discussed by the ECC would focus on an accusation by the representative of Pakistan Assemblers of Motorcycle Association (PAMA) in the ECC meeting held on October 2, 2012 that those units manufacturing Chinese motorcycles were not being fairly treated by the Engineering Development Board (EDB) in the matter of Input Output Ratio Certificate (IORC). The Ministry of Commerce is collecting data in order to verify PAMA charges.

    The proposal finalised by the committee constituted by the ECC on tariff reduction and new entrant policy for motorcycle industry has been re-submitted for the consideration of the ECC. According to the documents, Secretary Industries had earlier agreed to reduce custom duty as noted in column iv of the table both in CBU and CKD kits in the committee's meeting held on July 17, 2012 under the chairmanship of Minister for Information and Broadcasting constituted by the ECC.

    In the final meeting of the committee chaired by Chairman Board of Investment (BoI) on September 13, 2012, MoI representative agreed with proposed tariff as in column v except that he suggested (a) reducing the duty on CBU to 50 per cent and (b) CKD kits not manufactured locally to pay 10 percent duty.

    The Ministry of Industries has proposed that the existing tariff of 65 percent on motorcycle may be reduced to 50 percent and reiterated that duty on localised CKD should be reduced to 10 percent from 15 percent. According to Commerce Ministry, this is proposed as a consensus tariff to adjust recommendations made by the MoI and the previous committees.

    New Entrants Policy will be applicable on motorcycles of 100cc and above with new technology.A committee headed by Secretary Industries comprising representatives from BoI and Ministry of Commerce will receive and approve requests of new entrants in motorcycle sector and decide on extension of benefits under new entrants policy.The committee will also be empowered to decide on proposals relating to introduction of new technologies by the existing manufacturers as well as localisation plans.

    At the start of commercial production by new entrants, localisation will be kept at a minimum of 25 percent. By the end of five years, localisation level will reach a minimum of 85 percent at an average of 15 percent localisation per annum. The agreement template for new entrants including the localisation plan will be developed by the Engineering Development Board (EDB) in consultation with National Tariff Commission (NTC). The agreement would be designated in such a way that new entrants scheme is not misused.

    (a). General Tariff Reduction for the Motorcycle Industry:-
    ================================================== =====================================
    S. No Category Existing Rates Modified ConsensusRates proposed Rates proposal(%) earlier (**) (%) % (***)(*) (%)
    ================================================== =====================================
    (1) (2) (3) (4) (5) (6)
    ================================================== =====================================
    i. Raw Materials 0 0 0 0
    ii. Sub Components/ Components 5 5 5 5
    iii. Sub-assemblies 20 10 10 10
    iv. CBU and components for assembly/ 65 35*** 40 50manufacture of vehicles in any kit form.
    V. CKD kits not manufactured locally 15 5*** 5 5
    vi. CKD kits manufactured locally 47.5 25*** 30 30
    ================================================== =====================================

  7. 23-10-2012, 08:35 PM
    r1

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    10/10 for FZ-16...So does it mean yamaha is gonna start production anytime soon?

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    Quote Originally Posted by r1 View Post
    @nabilM

    It would be good if they launch some new models but the question is what would be the price tag of Yamaha Bayson or Yamaha FZ16 if launched in Pakistan or do they start production of 70cc or 125cc as we already have in market?
    FZ16 in india is Rs. 69,000 which is about 120,000 pakistani rupees.
    Now compare it to GS150, if you buy a GS150 and install discbrake, put alloyrims and good tyres, its cost will be somewhat same.
    So even if they launch at indian price here, it will kill GS150 ....

  10. 23-10-2012, 09:03 PM
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    you are right
    when looking at what is available right now, 120K mein FZ16 seems like a stupid dream ...

  12. 23-10-2012, 09:10 PM
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    Agar suzuki ko gs 150 aur Honda ko delux kay fail honay ki pareshani hai to wo khud macho bikes,,,cbr 150 kyun nai banatay?Baat hi khatam ho jati hai..We look forward to new entrants cuz these 3rd class monoplists wont change their ghundagardi tactics anytime soon..Unique UD 100 started selling like fire when it was introduced...It is just that because of our backward and pathetic choice or 125/70 CC classic models in this modern 21st century we are bound to suffer for eternity..

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    Daily Times - Leading News Resource of Pakistan

    Saving local manufacturers

    Industry to approach courts if level-playing field denied: PAMA

    Staff Report

    KARACHI: The industry will approach superior courts if the level-playing field is disturbed, said Pakistan Automotive Manufacturers Association (PAMA) Director General Abdul Waheed.
    Upon the move of the Board of Investment (BoI) to push a summary to the Economic Coordination Committee of the Cabinet (ECC) to include SKD under import tariff regime at duty rates that may match those levied on completely knocked down (CKD) for the present manufacturers, in a meeting to be held on Tuesday (today), PAMA DG said superior courts will be approached if import in semi-knocked-down (SKD) form on concessionary rates is allowed.
    A source in the Ministry of Commerce informed that this push of BoI to include SKD in the tariff regime is in its previous pursuit of getting something approved for a Japanese bike maker for which it was trying to get concession approved in the New Entrant Policy. “This issue was not even on the agenda of ECC, circulated earlier on Monday, while the committee has many times in past rejected the proposals of the investment board regarding tariff adjustments,” he added. The way this summary is being pushed has stamp of a major scam in the making.
    “But, the BoI is quite determined in pursuance of its agenda of destroying local industry to benefit a few in the guise of fetching foreign investment,” said a source, adding that the ulterior motives of the board are evident from its deliberate push of inclusion of a non-issue in the tariff regimes meant for CKD and completely built unit (CBU).
    The ECC, he adds, after consultation with the local auto industry agreed on bringing down CKD duty from 15 percent to 10 percent and CBU duty from 65 percent to 50 percent. The tariff for localised parts if imported was agreed to be 30 percent. “But the BoI has managed to move a new proposal that any new technology import in the shape of SKD shall be cleared on CKD rates of 5.0 percent,” he added. It means that the understanding reached to level of CKD rate to 10 percent has also been breached.
    The move will completely wipe out the vending industry from motorcycle manufacturing rendering unemployment of hundreds of thousands of skilled workers while inflicting huge revenue loss to the national exchequer, Pakistan Association of Automotive Parts and Accessories Association (PAAPAM) Chairman Munir K Bana said.
    While the fact is that any SKD import is taxed under punitive duty domain in order to protect local manufacturers, said the source. And the actual meaning of the board’s proposal is that engines and other parts in SKD form are imported then the government’s efforts of localisation will be hampered while 25 years of gains in engineering will go waste, he added.
    This, he asked, is beyond comprehension why the board is hankering after this pseudo-foreign investment at the cost of huge well-established local auto industry. Even India has disallowed world famous bike manufacturer Harley Davidson when they sought permission for SKD concessions. The BoI should learn a lesson from Indian authorities who always safeguard their national interest by protecting their local industries, Bana reasoned.
    The Indian authorities have categorically rejected the SKD concession request on the grounds that allowing SKD will mean that no local labor or engineering concern gets any benefit from local manufacturing, he mentioned.
    PAMA director general said the industry is going to approach court if undue favours are granted or any drastic change is undertaken at the behest of a new entrant as already around 100 bike makers are manufacturing quality motorcycles on existing tariff.
    Earlier, a sub-committee headed by BoI Chairman Saleem Mandviwala proposed to ECC reduction of import duty from 65 percent to 40 percent on motorcycle CBU instead of the agreed 50 percent with the local industry players and different stakeholders.
    And that proposal too was bitterly opposed by not only the members of PAMA and PAAPAM but also those Chinese bike manufacturers who want to operate in the organised sector, saying that the BoI chairman is seemingly appeasing foreign investors and importers without realising how destructive this would be for the local industry that is providing livelihood to hundreds of thousands of people in different cities.
    They said that the local vending units have attained localisation up to 90 percent but the sub-committee did not realise the achievement and planned to roll back all allied industry through its recommendations to ECC.
    It is worth adding that during the meeting it was proved to the committee that import duty on motorcycles in CBU condition in India was 100 percent and 90 percent in China. The committee was further shown tariff rates of India where the CKD rate was 10 percent while SKD rate was being maintained at 60 percent with strict rules regarding the eligibility of CKD and SKD.
    The PAMA DG said the local industry has developed itself to be an export-oriented industry and has successfully started exports of 70cc and 125cc models, but a few well-placed individuals apparently wanted to have their pound of flesh at the cost of millions of persons associated with this industry and billions of rupees already invested in it, he added.



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    ECC approves to reduce import tariff for protection to Motorcycle Industry

    ECC approves to reduce import tariff for protection to Motorcycle Industry


    ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet here on Monday approved reduction in general tariff on different categories of components used in motorcycle industry.

    The Committee which met here under the chairmanship of Dr. Abdul Hafeez Shaikh, Federal Minister for Finance and Economic Affairs also discussed various agenda of national importance.

    The ECC also decided that the rate of the approved tariff would be average of the existing rates and the commerce ministry's currently proposed rates for each category. "However, the new tariff will be reviewed after one year",the ECC decided.



    The ECC also discussed a summary on protection of Motor Cycle Industry in Pakistan, presented by Secretary Commerce, proposing reduction in tariff for motor cycle industry and policy guidelines for new entrants in this industry.

    The ECC, while agreeing in principle to gradually reduce custom duties in its previous meeting, approved reduction in general tariff on different categories of components used in motorcycle industry.

    It was decided that the rate of the approved tariff would be average of the existing rates and the commerce ministry's currently proposed rates for each category. However, the new tariff will be reviewed after one year.


    The ECC also discussed summary on Import Policy of Used Cars submitted by Ministry of Industries.

    The Secretary Industries argued that huge import of used cars are severely damaging the domestic car industry and proposed to increase age of used cars from three years to five years.

    After due deliberations, ECC constituted a committee comprising representatives from Ministry of Industries, Commerce, FBR and Production to work out further and give a detailed presentation in the next ECC.

    <center style="color: rgb(0, 0, 0); font-family: Arial, 'MS Trebuchet', sans-serif; line-height: 18px; ">Copyright APP (Associated Press of Pakistan), 2012</center>

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    Quote Originally Posted by nabilM View Post
    Daily Times - Leading News Resource of Pakistan

    Saving local manufacturers

    Industry to approach courts if level-playing field denied: PAMA

    Staff Report

    KARACHI: The industry will approach superior courts if the level-playing field is disturbed, said Pakistan Automotive Manufacturers Association (PAMA) Director General Abdul Waheed.
    Upon the move of the Board of Investment (BoI) to push a summary to the Economic Coordination Committee of the Cabinet (ECC) to include SKD under import tariff regime at duty rates that may match those levied on completely knocked down (CKD) for the present manufacturers, in a meeting to be held on Tuesday (today), PAMA DG said superior courts will be approached if import in semi-knocked-down (SKD) form on concessionary rates is allowed.
    A source in the Ministry of Commerce informed that this push of BoI to include SKD in the tariff regime is in its previous pursuit of getting something approved for a Japanese bike maker for which it was trying to get concession approved in the New Entrant Policy. ?This issue was not even on the agenda of ECC, circulated earlier on Monday, while the committee has many times in past rejected the proposals of the investment board regarding tariff adjustments,? he added. The way this summary is being pushed has stamp of a major scam in the making.
    ?But, the BoI is quite determined in pursuance of its agenda of destroying local industry to benefit a few in the guise of fetching foreign investment,? said a source, adding that the ulterior motives of the board are evident from its deliberate push of inclusion of a non-issue in the tariff regimes meant for CKD and completely built unit (CBU).
    The ECC, he adds, after consultation with the local auto industry agreed on bringing down CKD duty from 15 percent to 10 percent and CBU duty from 65 percent to 50 percent. The tariff for localised parts if imported was agreed to be 30 percent. ?But the BoI has managed to move a new proposal that any new technology import in the shape of SKD shall be cleared on CKD rates of 5.0 percent,? he added. It means that the understanding reached to level of CKD rate to 10 percent has also been breached.
    The move will completely wipe out the vending industry from motorcycle manufacturing rendering unemployment of hundreds of thousands of skilled workers while inflicting huge revenue loss to the national exchequer, Pakistan Association of Automotive Parts and Accessories Association (PAAPAM) Chairman Munir K Bana said.
    While the fact is that any SKD import is taxed under punitive duty domain in order to protect local manufacturers, said the source. And the actual meaning of the board?s proposal is that engines and other parts in SKD form are imported then the government?s efforts of localisation will be hampered while 25 years of gains in engineering will go waste, he added.
    This, he asked, is beyond comprehension why the board is hankering after this pseudo-foreign investment at the cost of huge well-established local auto industry. Even India has disallowed world famous bike manufacturer Harley Davidson when they sought permission for SKD concessions. The BoI should learn a lesson from Indian authorities who always safeguard their national interest by protecting their local industries, Bana reasoned.
    The Indian authorities have categorically rejected the SKD concession request on the grounds that allowing SKD will mean that no local labor or engineering concern gets any benefit from local manufacturing, he mentioned.
    PAMA director general said the industry is going to approach court if undue favours are granted or any drastic change is undertaken at the behest of a new entrant as already around 100 bike makers are manufacturing quality motorcycles on existing tariff.
    Earlier, a sub-committee headed by BoI Chairman Saleem Mandviwala proposed to ECC reduction of import duty from 65 percent to 40 percent on motorcycle CBU instead of the agreed 50 percent with the local industry players and different stakeholders.
    And that proposal too was bitterly opposed by not only the members of PAMA and PAAPAM but also those Chinese bike manufacturers who want to operate in the organised sector, saying that the BoI chairman is seemingly appeasing foreign investors and importers without realising how destructive this would be for the local industry that is providing livelihood to hundreds of thousands of people in different cities.
    They said that the local vending units have attained localisation up to 90 percent but the sub-committee did not realise the achievement and planned to roll back all allied industry through its recommendations to ECC.
    It is worth adding that during the meeting it was proved to the committee that import duty on motorcycles in CBU condition in India was 100 percent and 90 percent in China. The committee was further shown tariff rates of India where the CKD rate was 10 percent while SKD rate was being maintained at 60 percent with strict rules regarding the eligibility of CKD and SKD.
    The PAMA DG said the local industry has developed itself to be an export-oriented industry and has successfully started exports of 70cc and 125cc models, but a few well-placed individuals apparently wanted to have their pound of flesh at the cost of millions of persons associated with this industry and billions of rupees already invested in it, he added.


    local industry is acting more and more like Apple ..
    every one was given his due share .. when honda first came to pakistan .. when yama came.. when suzuki and kawasaki came.. and chonda were also give due share.. now they fear that people may buy advanced tech produced by yama and it will destroy their market .. then whats wrong with it ? its people choice .. let them buy what they want.. so only those who are realy into bike making will survive .. for God Sake even Treet blade walaz make (?) motorcycle .. haha


    and nai investment ko attract karnay ka lia kuch karna partha ha.. yahan tho khud hi a rai ha..

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    Today I saw headline on Geo news 23 Oct. It was about that Commitee finally decided to decrease tax and further things for The Major Bike Manufacturer Yamaha.

    Any new news regarding this ?
    31.5497 N, 74.3436 E

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    ^ if it is so, thats a good news in a million years..
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    Complete article posted on this link

    Auto makers lobby Ministry of Industries to curb car imports


    .
    .
    .
    .

    Motorcycle tariffs reduced

    The ECC also reduced tariffs for the motorcycle industry, which will [/FONT]reduce prices of local bikes[FONT=Georgia, Times, 'Times New Roman', times-roman, serif]. On subassemblies, it has reduced the tariff from 20% to 15%; from 65% to 57.5% on completely built units and components for assembly; from 20% to 10% on imported completely knocked down (CKD) kits; and reduced the tariff on local CKD kits to 38.75% from CKD kits to 38.75% from 47.5%.

    -------

    In view of latest developments now the ball is in Yamaha's court , lets see how they react to it. I hate to say it, but in my opinion it is most likely that they will not be interested in this investment any more...

  20. #176
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    ISLAMABAD: The government has constituted a committee to once again review the possibility of reducing the age limit for imported used cars from five to three years, after the Ministry of Industry claimed that the influx of used cars has threatened the existence of many locally-assembled brands.


    JDM cars are much better than our local crap cars. People's will still buy JDM cars.
    31.5497 N, 74.3436 E

  21. #177
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    So are we getting the bikes after 1 year or will have to wait another year for them.

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    more machines of death on their way
    Drugs cause amnesia, and other things I can't remember

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    According to Yamaha 45,000 peoples get job and we have appurtunity to buy good standard bikes and cars instead of buying crap from honda, suzuki or other china companies, but yahan to ussi ka kaam hoga jo Mr 10% ko 10 percent dega, pakistan ki taraki or logo ka rozgar gaya bhaar mien.

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    mr 10 % ka ding ginay ja chukay hain ...
    Quote Originally Posted by cd100love View Post
    According to Yamaha 45,000 peoples get job and we have appurtunity to buy good standard bikes and cars instead of buying crap from honda, suzuki or other china companies, but yahan to ussi ka kaam hoga jo Mr 10% ko 10 percent dega, pakistan ki taraki or logo ka rozgar gaya bhaar mien.

  25. 28-10-2012, 09:54 AM
    r1

    Senior PakWheeler


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