Topsun Motors, Pak-China Motors accorded Greenfield status

Topsun Motors will setup assembly plant in Multan, the company has signed an exclusive cooperation agreement with Chongqing Big S&T Dev Group Ltd & Mianyang Huarui Automotive Co. Ltd. China for the production of LCVs with an initial investment of Rs5.43 million

Pak Suzuki to retire Mehran VX from November

ak Suzuki has in a notification to its dealers nationwide announced that it will be discontinuing Mehran VX Model SB-308 (without air-conditioner) from November this year

Market Daily: KSE-100 index turns green, adding 164 points

The KSE-100 index resurrected from a negative 727.17 points, just 2.31 per cent away from 52-week low levels, up to intraday high of a positive 281.31 points. It ended the session higher by 164.33 points at 39,452.81.

Hi-Tech Alloy Wheels Ltd set to get listed on PSX

Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles

No requirement to be a tax filer for vehicles below 1000cc: Tax authorities

ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July 1, 2018,...

Customs in a jumble as stolen vehicles from Japan worth Rs200m await final decision 

ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and Pajero vehicles...

Jaguar says ‘bad Brexit’ would mean it could not stay in UK

Shares in Tata plunged to their lowest in more than five years on Thursday, as investors turned jittery on the company, whose biggest business is JLR, which contributed nearly 77 percent of its total revenue in the year ended March 31, 2018

Vintage cars exempt from import tax, to be taxed at $5,000 flat

Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.

Honda Atlas raises car prices amid increasing production costs

KARACHI: Honda Atlas Cars Ltd, has once again increased the prices of its cars including the Civic, City and BR-V in Pakistan by Rs30,000...

Trucks, bus’s production posts 13.63 percent increase in July-May FY18

Production of trucks posted an increase of 20.27 percent to 8,544 units in July-May (2017-18) compared to the production of 7,104 units during the same period of last year

UD Trucks launches the new Quester in Pakistan

UD Trucks was established in Japan in 1935, and in 2007 became part of the Volvo Group, a world-leading manufacturer of trucks, buses and construction equipment

Master Motors, Changan Automobiles to enter a joint venture

Master Motor Corporation (Pvt) Limited (MMCL) Friday signed a joint venture with Chinese automotive brand Changan Automobiles for $100 million investment in the local auto industry to contribute to the indigenisation of the automobile industry of Pakistan.

Indus Motor (Toyota) increases car prices yet again

Following the third round of rupee depreciation, Indus Motor Company, which makes Toyota vehicles in the country, has increased its vehicle prices for the third time...

Daehan: Korean or Vietnamese? Well, what’s in a nationality?

In an era of globalisation, where a company is from, and what country its brand name should be associated with is increasingly becoming a...

Chinese electric car manufacturers eye Pakistani market

KARACHI: The auto industry is transforming at unparalleled speeds and is converting technology from fossil-fuel based vehicles to electric motor engines to protect the...

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SCO, PTCL sign agreement to provide connectivity between China, Pakistan

The project's total cost is projected at $44 million and 85 per cent of the loan has been provided by Exim Bank of China at a discounted rate

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