Changan Pakistan increases prices for Karvaan, Sherpa models by PKR 50,000
Bookings made before March 31 will be honored at the existing prices
Tesla gets first approval for California robotaxi service
However, the permit does not yet authorize Tesla to provide autonomous rides to the public
Xiaomi raises 2025 EV delivery target to 350,000 units
The raised target reflects Xiaomi’s confidence in its EV business, which earned $4.4 billion last year with 135,000 SU7 deliveries
Auto financing rises to Rs249bn in February amid falling interest rates
Car sales and financing show strong growth as interest rates drop and consumer confidence improves
LCVs, truck production surges in Pakistan, farm tractor output declines
PAMA reports a 69% rise in LCVs and 97% growth in truck production during first eight months of FY25
White House condemns Tesla protests as “domestic terror”
Activists launch “Tesla Takedown” protests, claiming Musk’s politics impact government services and aid programs
Pak Suzuki permanently suspends Wagon R bookings
Between July 2024 and February 2025, the company sells 1,608 units, compared to 2,285 units during the same period last year
Pakistan’s auto industry records 50% YoY rise in car sales for 8MFY25
Car sales increase YoY, reaching a total of 89,770 units compared to 59,700 units in fiscal year 2024
Sazgar Engineering sells over 3,500 units in February
From July 2024 to February 2025, Sazgar’s combined sales total 33,535 three-wheelers, with 26,900 units sold, and 10,453 four-wheelers, with 8,633 sold
Toyota launches its cheapest smart EV in China, aims to up market share
More than 10,000 orders were received within an hour of the launch
Trump grants one-month exemption on tariffs for automakers
The reprieve eases concerns for automakers that rely on cross-border production
EU plans law fair vehicle data access for insurers and leasing companies
The data includes information on driving habits, fuel consumption, and tyre wear
Tesla offers RMB 8,000 insurance subsidy for Model 3 buyers in China
Tesla China’s total sales reach 93,926 vehicles in January-February 2025, down 28.74% from 131,812 units in 2024
General Motors hires first Chief AI Officer to enhance vehicle technology
Barak Turovsky will join GM's software and services engineering team, reporting to Dave Richardson, SVP of the department
BYD raises $5.59 billion in Hong Kong’s largest share sale in four years
The company sells 129.8 million primary shares, up from the initial 118 million shares planned when the deal launches on Monday