July 2020: Cars sales surge 36pc MoM as govt eases Covid restrictions
The sale of cars increased by 8pc YoY to 11,501 units in July 2020, as compared to the sale of 10,968 units...
Indus Motor’s profit plunges 63pc in FY20
INDU's after-tax profit falls from Rs13.71bn in FY19 to Rs5.08bn in FY20Â
Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales
TOKYO: Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and...
Ford announces new CEO as it eyes bigger electric push
NEW YORK: Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley...
Motorbike, three-wheeler sales drop 23.11pc in FY20
ISLAMABAD: The sales of motorbikes and three-wheelers decreased by 23.11 per cent during FY20 compared to FY19.
According to data released by the...
Millat Tractors: set to cultivate sales growth in FY21
How important is agriculture to Pakistan? The sector contributes 18.5% to the country’s gross domestic product (GDP) and employs 38.5% of the...
Atlas Honda increases motorbike prices by up to Rs20,000
Atlas Honda has informed its dealers through a notification that it will be increasing prices of its motorbikes by up to Rs20,000...
Covid and the economic slowdown hit the auto sector hard, but the outlook for 2021 and beyond looks brighter
Is there any silver lining for the automobile sector in the pretty awful year that has been 2020? Yes, and that is...
Govt imposes 7.5pc FED on locally assembled double-cabin vehicles
LAHORE: The federal government has imposed a 7.5 percent duty on double cabin vehicles in the Budget 2020-21, making double cabin vehicles...
Auto manufacturers express reservations on import of used cars
ISLAMABAD: While importers of used cars in the country are reportedly lobbying for relaxation in import policy, local vehicle manufacturers and assemblers...
Pakistan set to export car part to Toyota Vietnam
ISLAMABAD: AuVitronics Limited, is set to export a car part to Toyota Motor Vietnam Co, Ltd. (TMV), making it a member of...
Goldman predicts 36pc drop in iPhone shipment, says time to sell Apple shares
Goldman Sachs said on Friday it expects iPhone shipment to drop 36 per cent during the current quarter due to coronavirus-related lockdowns...
Indus Motors shuts its production plant down
LAHORE: The Indus Motors Company has announced to shut its production plant down as per the federal government's ordinance and advisery.
Through a...
Jet fuel demand to remain low for years as airlines buckle up for tough ride
LONDON/PARIS/SINGAPORE: Demand for flights and jet fuel could take years to recover from the coronavirus crisis as airlines struggle to survive their...
China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown
BEIJING: China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo...