Pak Suzuki mulling to set up second auto plant, manufacture additional 100,000 vehicles a year: report
Pak Suzuki Motors is planning to introduce four new cars and Suzuki Alto 660CC is expected to replace Mehran 800CC in April 2019.
Ministry of Science & Technology devising standards for automobile manufacturing in Pakistan
A recent report released by the Competition Commission of Pakistan (CCP) highlighted that there were no standards in existence in Pakistan for vehicle assembly and parts manufactured
Master Motors approaches MoIP, seeking assistance for PTM approval from PSM: Report
The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security
Volkswagen signs agreement for vehicle assembly in Karachi
The world’s largest automobile manufacturer in partnership with Premier Systems Private Limited, which is the authorized importer of Audi vehicles in Pakistan, will assemble Amarok, Transporter T-6, Caddy and Skoda in Pakistan
Tesla cuts China car prices to absorb hit from trade war tariffs
The electric carmaker, led by billionaire CEO Elon Musk, said it will cut prices of the two models by 12-26 percent to make the cars more “affordable” in the world’s top auto market, where sales of so-called new-energy vehicles are rising fast
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
Sindh excise & taxation recovers record Rs700 million from vehicle tax defaulters
Sindh's Minister for Excise and Taxation Mukesh Kumar Chawla extended his gratitude to the media for advertising the campaign
China car market hits reverse as sales slide again
* Oct vehicle sales -11.7 pct y/y
* Steepest drop in 7 years
Toyota lifts full-year profit forecast on weaker yen
During the July-September quarter, it posted a 20 percent jump in sales in China, which helped to lift overall sales in Asia by 9.2 percent to 417,000 units during the period
FBR to brief PM about administrative measures to boost revenue collection
The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals
Meezan Bank and Hyundai Nishat Motor sign Rs5.66b Islamic finance facility
Meezan Bank is the sole lead arranger of this Islamic finance facility for Hyundai Nishat to finance its upcoming vehicle manufacturing project
Pak Suzuki again ratchets up prices of vehicles by Rs40,000
The prices of Suzuki Swift DLX and AT have been jacked up to Rs1,515,000 and Rs1,651,000 and Cultus VXR, VXL and AGS prices have been revised upwards to Rs1,380,000, Rs1,501,000 and Rs1,608,000
Atlas Autos to invest $20m in DID assembly plant
With the new DID assembly plant, Honda bikes will further be localized and will help in reducing the country’s mounting import bill
King Long Automotive to setup assembly plant in Lahore for producing buses
The official said the project is projected to rope in an investment of around $200 million
IMC posts profits of Rs3.508m, decline 3% YoY
The company’s topline recorded a growth of 12% YoY to Rs35 billion due to a volumetric growth of 2% YoY to 15,419 units