Indus Motor declares Rs4.8bn profit for 1HFY21

The Board of Directors of Indus Motor Company (IMC) has released the company's financial results for the half-year ended December 31, 2020. IMC's...

Jaguar cars to go all-electric by 2025 as JLR plans full range of e-models by 2030

LONDON: Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire...

Tractor production up 50pc in seven months

ISLAMABAD: The production of farm tractors in the country surged 50.7pc year-on-year to 26,848 units during the first seven months (July-Jan) of the...

Govt to finally launch country’s first Electric Vehicle Policy tomorrow

ISLAMABAD: While the government is yet to issue an ordinance or approve a money bill to implement the much-awaited Electric Vehicle (EV) Policy,...

China’s FAW considers acquiring BMW partner Brilliance for about $7.2bn

FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see...

Nissan, Chery Group plan Rs2.4bn investment in Pakistan’s auto sector

Joint venture to introduce passenger cars, electric vehicles in Pakistan

Implementation on EV Policy delayed as govt yet to finalise draft ordinance

'In order to avoid demurrage charges at ports, importers have now started releasing their EV vehicles after paying all duties'

New Toyota tech unit promises world’s safest drive

TOKYO: Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s...

Car sales up 20pc YoY in December

The sale of motorcars in Pakistan (excluding KIA) increased 15 per cent year-on-year to 13,870 units in December 2020 when compared with...

Tesla launches cheaper variant of Model Y SUV

Tesla Inc launched a cheaper variant of the Model Y, bringing its sports utility vehicle’s price closer to that of its Model...

Government proposes major tax exemptions for Electric Vehicles

ISLAMABAD:In order to promote the use of electric vehicles in the country, the government has decided to offer massive tax exemptions. As per...

Honda to stop production at one of two India plants

NEW DELHI: Honda Motor Co has halted production at one of its two car manufacturing plants in India, the carmaker said on...

Auto sales likely to increase 60pc YoY in FY21

LAHORE: The country's auto industry sales are likely to grow 60pc in the current fiscal year (FY2020-21), with total sales expected to...

Electric vehicle policy to be incorporated in ADP 2021-26

ISLAMABAD: The government has decided to incorporate the policy for electric vehicles in the next auto policy (2021-26). As the Automotive Development Policy...

Automakers Hyundai, Kia warn of $2.9bn hit to earnings over US quality woes

SEOUL: Hyundai Motor and affiliate Kia Motors warned of another $2.9 billion of provisions related to engine issues, bringing their total hit...