Automobile sector to face the pinch, as car bookings plummet by 30 percent
The ban was enforced from the 1st of July of the current financial year 2018-19 and a source in the automobile industry shared the trend of car booking during this period reveals annual auto sales will plunge to 168,000 from 240,000 units
United Bravo booking begins, delivery to start by December 2018
The Bravo costs Rs850,000 and in addition to the full cost, tax filers will have to pay an advance tax of Rs7,500
Cost to insure Tesla debt reaches highest price ever
It cost about $71,300 to insure $1 million of the electric carmaker’s debt, plus an upfront cost of around 22.45 percent, which was also at an all-time high, representing a total of 29.58 percent of the face value of the company’s 2025 junk bond, or around $295,000
Clover Pakistan granted license to operate as lubricant marketing company
The company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
IMC decides to launch Toyota Vios in Pakistan, Corolla GLi to be discontinued
KARACHI: Indus Motor Company Ltd (IMC) has finally decided to launch Toyota Vios in Pakistan after discontinuing the Toyota Corolla GLi, a...
Musk says Tesla now in ‘delivery logistics hell’
Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays
Food ‘giant’ Gourmet denies producing motorbikes
Gourmet, which started as a food bakery 27 years ago, has a strong retail network with more than 100 outlets in Lahore alone
IMC launches latest Toyota offering with under Rs4 million price tag
STAFF REPORTÂ
Islamabad:Â Indus Motor Company launches the Toyota Rush, new versatile 7-seater SUV is designed for those looking for the functionality and space...
Renault cars may hit Pakistani roads by June 2020
Al-Futtaim Renault Pakistan is set to invest $140 million for establishing its automobile assembly plant in FIEDMC
United Motors launches ‘Bravo’, priced Rs850,000
Will the United's Bravo be the perfect replacement for the outgoing Mehran?
Indigenous 800cc car may poach on Suzuki’s Mehran, but only slightly
KARACHI:Â The leading indigenous brand with 22% and 18% market share in motorcycle and three-wheeler categories, in the main rickshaws, United Motors is...
Pak Suzuki bids farewell to Mehran VX, production to stop by April 2019
There have been rumours circulating in the market for a couple of years that Pak Suzuki would be discontinuing its most popular...
Russian bus maker Bakulin Motors offers to set up plant in Pakistan
KARACHI: Bakulin Motors Group Holding (trade Mark Volgabus), a Russian Buses Manufacturing group, has offered its intention to the Pakistani government to...
United Autos set to launch ‘Bravo’ on 8 September
The highly anticipated United Bravo hatchback car is all set to be unveiled on the 8th of September 2018, which is being...
Apple self-driving car rear ended during road testing
Apple is entering a crowded field where rivals such as Alphabet Inc’s Waymo unit and traditional carmakers such as General Motors Co’s Cruise Automation