Chinese electric carmaker BYD to build factory in Karachi: report
BYD teams up with Pakistan’s Mega Conglomerate to set up a manufacturing plant at Port Qasim, reports Bloomberg
Sazgar Engineering to launch new imported ORA-07 EV
Company will begin accepting bookings for the ORA-07 EV shortly
Indus Motor temporarily closes production due to supply chain issues
Closure from August 6 to 8 affects vehicle manufacturing
Indus Motor Company initiates vehicle exports to Toyota-affiliates
Initial financial impact minimal, future prospects promising, says IMC
Honda Car had a stellar first quarter but profits are still on the lower side
The company was able quintuple its sales for same quarter last year but profits are similar
The Big Three oligarchy in Pakistani automobiles is over
Having dominated the market since the 1980s, the three Japanese automakers face stiff competition from Korean and Chinese automakers, and their own lethargy in adjusting to consumer preferences
Auto financing declines further amid high vehicle prices and interest rates
SBP reports a continued drop in auto loans, with total financing falling to Rs230.5 billion in June
Beyond all the talk, are electric vehicles truly affordable in Pakistan?
Profit explores the total cost of ownership among various 4-wheeler technologies to ascertain who leads the pack
Sky-high prices and record financing rates dampen FY24 auto sales: report
Sector reports a steep drop of 18% in passenger cars and 9% in Light Commercial Vehicles, due to excessively high costs fueled by supply chain disruptions, currency devaluation, and higher taxes
Indus Motor Company to temporarily halt production due to supply chain issues
Company announces plant closure from July 15 to July 22, 2024 due to inventory shortages
Kia reopens bookings for Stonic EX+ at revised price of Rs 5,500,000
Company jacks up price by Rs 733,000 from Rs 4,767,000 to Rs 5,500,000 in the reopening offer
Auto financing drops for 23rd consecutive month, down 22.5% YoY in May 2024
High interest rates and inflation continue to impact demand
Car sales surge 116% in May 2024, reaching 17-month high
PAMA data shows cumulative sales dropped by 23% to 71,449 units in 11MFY24 compared to 92,554 units in the same period of FY22
Dewan Farooque Motors partners with ECO-Green Motors to manufacture electric cars
Production is expected to commence in August 2024
Dewan Farooque Motors to launch KIA ‘SHEHZORE’ in June 2024
Company resumes commercial production of special-purpose KIA commercial vehicle