Not today but five years ago, in the wake of advanced research, financial incentives and public awareness campaigns, Norway had a breakthrough with around 70,000 EVs on the road in Norway. There is a paradigm shift today, to say the least. Sales of electric cars topped 2.1 million globally in 2019. There is a whopping 40% year-on-year increase in EVs globally which speaks volumes of what the world would be …
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Al-Hajj to launch proton variants Malaysian auto giant Proton, which has collaborated with Al-Haj Automobile, the assembler of FAW automobiles in Pakistan, will be launching its SUV crossover X70 soon along with a sedan named Saga. The company has confirmed that it will initially launch two vehicles and will offer variants in CBU condition. Proton has received a green-field status under the Auto Development Policy 2016-21. Under the status, new …
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Monthly sales of automotive industry for July 2002 were reported at 11,836 units, up 32%MoM, but down 10%YoY. This indicate a reversion to pre-COVID normalcy, completing a “V-shaped” recovery over five months while extending consecutive YoY downtrend to its 21st month (back to levels seen during 2009). Consequently, 7MCY20 total industry offtake was reported at 57,509 units, down 57%YoY), where major constituents moved down for Passenger Cars/LCVs. Recent comparisons reveal …
Read More »Imported used cars – A cause of discomfort for local industry The people in the local auto industry are on cloud nine after hearing from the government that the age limit for imported used cars has been reduced from five to three years. It is refreshing to hear such good news amidst the never ending plethora of unpleasant tidings. The government has given a reason to car buyers to …
Read More »Top Chinese firm Zotye holding group taking interest to make Pakistan an export base country for automobiles Auto sector is one of the emerging sectors in Pakistan exports and efforts are being taken by Trade Development Authority of Pakistan (TDAP) for the promotion of exports of this sector to the world over. A leading Chinese Group Zotye Holding Group has expressed its interest to make Pakistan an export base …
Read More »Pakistan Automotive Manufacturers’ Association (PAMA) has released its monthly sales data for the month of August registering growth of over 76%MoM, in indication of strong recovery from the adverse impact of advance tax. The prime gainer in the month was Corolla with sale of 3,515 units. Despite the strong recovery the numbers remained under pressure on a cumulative basis, posting a decline of 11.3%YoY in 2MFY15. While auto industry …
Read More »Prices of locally-assembled vehicles are competitive with global prices Automotive sector is one of the fastest growing sectors in Pakistan, as it contributes towards the nation’s economy in the form of technology transfer, employment and revenue generation. Local vendors deem to play an important role in the growth of auto industry as they bear the responsibility of producing auto parts and sub-assemblies according to the benchmark set by the …
Read More »Auto & Allied Industry The automobile industry performed extremely well in 2015 indicating stellar sales and demand growth mostly triggered by overall economic stability and bumper crops in the agriculture sector. This vital sector of the economy, however, it still needs protection in the forthcoming automobile policy with special reference to import of used cars, which is a real threat to local industrial base. Manufacturers as well as vendor …
Read More »Import of used cars not bring in any investment While the auto industry has proved to be the engine of growth for any nation, in recent history, countries such as Japan, Korea, Thailand, Malaysia, Indonesia, India and Brazil have wholeheartedly supported their automobile industries and continuously making thrive. Presently there are three areas of support. Firstly, these countries have ensured 100 per cent access of domestic market to local …
Read More »Local tractor industry urges govt to clear sales tax refunds of Rs3 billion For industrialization of any country, automobile sector can play a critical role. Auto sector is a unique industry, which is capital intensive as well as labor intensive in nature and helps to develop technologies in other areas of manufacturing such as steel, plastics, rubber, textiles, electrical & electronics etc. Due to this reason, in the last …
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