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Pakistan Automobile Industry

ghazi52

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Mar 21, 2007
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KARACHI: Motorcycle and rickshaw assemblers have been striving to tap African markets besides aiming to boost their exports to Afghanistan after business environment gets normal following takeover of Kabul by the Taliban.

Rickshaw makers are trying to break the decades-old monopoly of an Indian auto giant Bajaj in various countries, especially in African countries. The task is gigantic, but they are optimistic about carving out a niche for themselves in the coming years.

Sazgar Engineering Works Ltd (SEWL) chief executive Mian Asad Hameed told Dawn from Lahore that after successful trial of 50 units sent four months back, the company will now export 170 more rickshaws to Ethiopia next month, which is an encouraging sign.

He said he had also sent a technical team to Ethiopia to lure an Ethiopian counterpart for setting up an assembly line there under a joint venture agreement.

“It is hard to break the monopoly of an Indian auto giant that reportedly sells 400,000 rickshaws all over the world every year but my target is to develop an export market by increasing volume in the coming years to various countries,” he observed.

SEWL has exported around 2,000 rickshaws to African countries and Afghanistan including 200-300 to Japan in the last three years at a price of $1,500 per unit, he said, claiming that SEWL is the first company to ship the automobile to Japan.

He said Sudan is also emerging as a big export market for rickshaws. “Calm in Afghanistan after Taliban’s rule may open new export avenues for rickshaw exports,” he hoped.

Mr Asad said Covid-19 has been a hurdle in sending local industry officials abroad to market Pakistani rickshaws for boosting exports. The pandemic has also restricted foreign investors from visiting Pakistan.
 

ghazi52

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Tractor production increased by 54.83%

The Frontier Post





ISLAMABAD (APP): Tractor production in country during last fiscal year recorded about 54.83 percent growth as compared the production of corresponding period of last year.

During the period from July-June, 2020-21, about 50,486 tractors manufactured locally as compared the assembling of 32,608 units of same period of last year, according the the provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for June 2021 with base year 2005-06 which have been developed on the basis of latest data supplied by the source agencies.

On month on month basis, domestic tractor production grew by 25.10 percent in month of June, 2021 as compared the same month of last year, it added.

In June 2021, about 5,054 tractors were locally assembled as compared the assembling of 4,040 tractors of same month of last financial year, the data reveled.

Meanwhile, domestic assembling of trucks grew by 29.30 percent, trucks and buses production increased by 7.14 percent and 66.64 percent respectively.

It is worth mentioning here that the overall output of LSMI in the country increased by 14.85 percent during the period from July-June 2020-21 as compared the same period of last year.

The production in July-June 2020-21 as compared to July-June 2019-20 has significantly increased in textile, food, beverages, tobacco, coke, petroleum products, pharmaceuticals, chemicals and non metallic mineral products.

The output of automobiles, iron, steel products and fertilizers also witnessed significant growth during the period under review as compared the same period of last year.

While, the production of electronics, leather products and rubber products went down during the period under review.
 

ghazi52

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Rickshaw maker-turned automobile producer Sazgar Engineering Works Limited will commence commercial production of its BAIC vehicles from next month, the company informed in a filing to the Pakistan Stock Exchange (PSX).

“We are pleased to inform you that after successful completion of trial operation, the commercial production of the BAIC vehicles will be commenced with effect from September 1 2021,” said the company.

The development comes as Pakistan looks to promote industrial production in the country. The government is also aiming to increase Pakistan's auto production to 300,000 per year, and remains optimistic that policy initiatives including tax relief measures announced in the budget for the ongoing fiscal year will help achieve it.

Back in March, Sazgar signed an agreement with a Chinese automaker for the manufacture of passenger and commercial vehicles.

Sazgar announced its intention to enter the Pakistani car market with BAIC D20 that has a hatchback and a sedan version. The BAIC group is the third largest automotive group in China, which sells 3.5 million cars per annum.
 

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Hybrid electric vehicles: Indus Motor Company announces $100mn investment for local production

  • Amount will be invested over a period of three years, says the company in its filing to the Pakistan Stock Exchange

Ali Ahmed
08 Sep 2021





Seeking benefits from the incentives provided to the auto sector, Indus Motor Company (IMC), the maker of Toyota vehicles in Pakistan, has announced that it would invest $100 million in the local production of hybrid electric vehicles.

The $100mn amount will be invested over the period of three years, said the company in its filing to the Pakistan Stock Exchange (PSX) on Wednesday. The announcement comes after Toyota Motor Corp, IMC's parent company, said that it expected to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system as the move to hybrid electric vehicles gathers steam.

“We are pleased to announce that, based on the incentives provided against certain taxes and duties as announced by the Government of Pakistan through Finance Act, 2021 and subsequent SROs, the company has evaluated and plans to invest an estimated aggregate amount of $100 million, over the period of next 3 years for the local production of hybrid electric vehicles in Pakistan,” said Indus Motor.

IMC said that the announced investment shall be made towards plant upgradation and extension, localisation of parts or components, and production preparation or assembling of the first hybrid electric vehicle, by the company at its plant in Port Qasim Authority, Karachi.

The company's share price increased over 2.3% on Wednesday even as the KSE-100 Index -- the benchmark for market performance -- fell, reacting to the MSCI decision.

The auto assembler posted net sales revenue of Rs179.2 billion in the year ended June 2021, a 108% increase compared to Rs86.2 billion in the previous year. Meanwhile, profit after tax increased by 151% to Rs12.8 billion from Rs5.1 billion.

During the year, the sales volume of CKD and CBU vehicles increased by 100% to 57,731 units as against 28,837 units sold last year. Consequential to increased demand, the company produced 59,187 units for the year, compared to 28,519 units produced in the same period last year.

Just days ago, Chief Executive IMC Ali Asghar Jamali stated that his company supported the government’s ‘Make in Pakistan’ initiative, especially measures to reduce Federal Excise Duty and Additional Customs Duty.

“Additionally, the government’s consistent effort to promote the local automotive industry in the Hybrid sub-sector is noteworthy. Its intent to locally develop HEVs, Plug-in Hybrids (PHEVs) and Battery Electric Vehicles (BEVs) to mitigate climate change and reduce dependency on oil imports is appreciated,” said Jamali.


Meeting with PM


Meanwhile, in a statement issued after the PSX notice, the company said that a delegation from Indus Motor Company, led by Vice Chairman Shinji Yanagi and Jamali, met with Prime Minister Imran Khan.
Yoichi Miyazaki, CEO for Toyota Asia, also took part via video link.

“We are excited to announce this new investment," said Yoichi. "Today’s investment announcement is testament to our strong commitment to Pakistan. We appreciate the policies to encourage low carbon mobility solutions."

Khan, quoted in the statement, said Indus Motor Company is a wonderful example of how global companies can grow successfully here in Pakistan.

Jamali added that the company is looking forward to bringing the fourth generation Hybrid Electric Vehicle.
 

ghazi52

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MMCL launches 3rd Generation CKD Intercity ‘NOVA’ Bus




The Frontier Post


KARACHI: Master Motor Corp. (Pvt.) Ltd have launched the 3rd Generation CKD Intercity “NOVA” Bus of Yutong-Master, the market leader in Inter-city luxury bus segment of Pakistan.
The ceremony was held on 6th September 2021 at Master Motors Bus Assembly Plant, Port Qasim, Karachi. Distinguished guests from Government, private sector, transport officials and transporters attended the event.

Mr. Nadeem Malik, the Managing Director of Master Motor, stated that MMCL has a vision to serve the transport industry of Pakistan with world class products that not only meets the international safety standards but also caters for the environment. The launching of this bus is another step ahead towards achieving our goal of providing a safe transportation and better life style to passengers, and a better opportunity for transporters to enhance their business. Our main focus is passenger safety and that is why we introduced international standard buses to meet the safe transportation needs of the society along with reliable and responsive after sales services for the transporters.

Faisal Meraj, Senior General Manager Marketing & Sales of Master Motor, stated that this is the same international model that is running in different countries of Europe and it has been adopted with the improvements keeping in mind of Pakistani road infrastructure to maintain the durability and operational efficiency.

MMCL is the first company to introduce and started the assembling of Euro 3 buses in Pakistan. Currently, Yutong Master has been serving Pakistan market with 3 locally assembled CKD models and more than 6 CBU models and has been a benchmark for other Bus assemblers in Pakistan. MMCL in technical collaboration with Yutong (the largest manufacturer of buses in the world), is assembling different models of Yutong buses, commonly known as Yutong-Master, in its assembling plant in Karachi. Since 2018, Yutong-Master has been a market leader in inter-city bus segment in Pakistan.

Master Group is operating since 1963 contributing in various sectors including Power, Textile, and Automotive sector. Master Motor Corp. (Pvt.) Ltd has a state of the art, commercial automobiles assembling & manufacturing unit in Karachi. It was established in the year 2002 for assembling & manufacturing of light, medium and heavy-duty commercial vehicles and Buses.

MMCL is also an authorized assembler and dealer of world-renowned brands like Mitsubishi Fuso, Foton, IVECO and Changan.
 

ghazi52

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Lucky Motor Corp likely to launch KIA Stonic, Peugeot 2008 in Pakistan

Ali Ahmed
13 Sep 2021





Pakistan’s Lucky Motor Corporation (LMC) is likely to introduce KIA Stonic and Peugeot 2008 in the coming months, as it eyes to become the only company in Pakistan to assemble vehicles of two different brands.


The KIA Stonic would launch in Pakistan in October, say market sources whereas Peugeot 2008 would be launched in November. The vehicles will be locally assembled at the KIA plant located in Port Qasim, informed the source.

Back in February, LMC launched KIA Sorento, which has three different variants: the 2.4-litre Front Wheel Drive, 2.4L All-Wheel Drive, and 3.5L Front Wheel Drive.

KIA Stonic is a subcompact crossover SUV (B-segment) manufactured by Kia Motors. Peugeot 2008, is also subcompact crossover SUV (B-segment) produced by the PSA Group, later named as Stellantis.

Seeking incentives from the country’s earlier auto policy which expired in 2021, a number of companies have announced local assembly in Pakistan. Companies like Hyundai Nishat Motor Private Limited ('Hyundai Pakistan') were established under the auspices of the Auto Development Policy 16-21 (ADP).

Market sources added that another brand could enter the market in the coming days as well.
Experts suggest the local auto industry has become competitive with the entry of new brands.

“Earlier, only three brands (i.e. Honda, Toyota, and Suzuki) dominated the auto segment but now consumers have more options. This has pushed automakers to improve their quality, options, and dynamics in order to remain competitive in the market,” said an auto-sector expert.

Market sources suggest that auto companies will also move towards hybrid vehicles. Days ago, Indus Motor Company (IMC), the maker of Toyota vehicles in Pakistan, announced that it would invest $100 million in the local production of hybrid electric vehicles.

The $100mn amount will be invested over the period of three years, informed the company in its filing to the Pakistan Stock Exchange.

Experts are optimistic that the local auto industry would record high growth in coming years, which would not only help generate employment but would also spur the growth of secondary industries.

The government has already set a production target of 500,000 units by the end of its tenure.
 

ghazi52

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After announcing the discontinuation of Bolan and Ravi, Pak Suzuki is now launching the Bolan AC variant.

The manufacturer is producing the vehicle for more than 40 years with little to no change. It is one of the best-selling products by the company in Pakistan. Recently it announced to discontinue Suzuki Bolan and Ravi, but now it is considering a re-launch, with an added feature “Air conditioner”.
 

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After announcing the discontinuation of Bolan and Ravi, Pak Suzuki is now launching the Bolan AC variant.

The manufacturer is producing the vehicle for more than 40 years with little to no change. It is one of the best-selling products by the company in Pakistan. Recently it announced to discontinue Suzuki Bolan and Ravi, but now it is considering a re-launch, with an added feature “Air conditioner”.
If we had road safety laws, this vehicle wouldn’t be in production. A tincan from the 70s.
 

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