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The challenging period for the local auto industry continues, as sales remain at rock bottom. The decline is attributed to massive currency depreciation, steeply rising car prices, stringent auto financing conditions, and the depleted buying power of the masses. The first quarter of the current...

Car financing in Pakistan has been on a constant decline for 10 months in a row now according to data released by the State Bank of Pakistan (SBP). Auto financing used to enjoy up to 60% share in the total vehicle sales which has now dwindled to just around 25%. According to analysts, one of...

Picodi.com analysts examined the dynamics of petrol price change in Pakistan and around the world in the first half of the year and calculated how many liters of petrol an average Pakistani earning an average wage can afford. According to the report, in Pakistan, the average petrol price in...

In the recently concluded FY23, a total of just 96,812 units of locally assembled vehicles were sold, down 59% against 234,180 units sold during FY22 according to the data released by the Pakistan Automobile Manufacturers Association (PAMA). This is also the first time ever that the sales of...

Indus Motor Company (IMC) introduced the 11th-gen Toyota Corolla in Pakistan in July 2014. Fast forward to July 2023, this generation of Corolla has officially entered its 10th year of manufacturing in the country after completing 9 years of manufacture (read: assembling). IMC has been selling...

auto industry has never achieved localization targets and is heavily dependent on imports.. in the current economic scenario the future of local auto industry is dark for sure.

IMC Announces Another Increase in Toyota Car Prices Indus Motor Company (IMC) the assemblers of Toyota cars in Pakistan has announced its second price revision of the year. This comes hardly two weeks after the first price hike of the year was announced on the 12th of January 2023...

Pakistan’s economy is going through a turbulent period casting a hugely negative impact on my sectors including the automobiles. Local assemblers were already anticipating an up to 30% decline in sales during this fiscal year but analysts believe the forthcoming situation is going to be even...

Generation of today might not have heard of the Proficient pickup. It was developed during the mid-1980s, by a local engineer Mr. Khalil ur Rahman (late) and was Pakistan’s very first locally assembled 1,000cc pickup. Proficient trucks were as good as most of the foreign brands and were cheaper...

Booking Open, but car nowhere to be seen, deliveries not made even after several months, price increased multiple times before delivery, all the price (increase) impact transferred to the customers. Is Pakistani auto consumer protected? Two little words that are responsible for a lot of...

so dealerships are giving date up to January 2022 if you wish to book the Proton Saga... https://carspiritpk.com/the-bubble-launch-of-proton-saga/

Government and local auto industry will reportedly review the prices of local assembled vehicles in December 2020, keeping in view the rising prices and customers’ concerns before negotiating a new auto policy. According to Chief Executive Officer of Indus Motor Company (IMC) Ali Asghar...

The Federal Board of Revenue (FBR) has announced a decision to collect sales tax from sales & purchase of used-cars, unveiling valuation mechanism for the taxation. The FBR issued rules to regulate the business of used-cars and collect sales tax from trading of these vehicles through a...

Regal Automobiles have started rolling off the local CKD assembled Glory 580 SUV and K01S Mini Truck. The line-off ceremony was held at Regal’s state-of-the-art plant situated on Multan Road Lahore & was attended by Ehsan Saya MD Daraz Pakistan and Tom Liu (Head of Sales DFSK South Asia Region)...

Hyundai-Nishat launched their newest offering in Pakistani market– the Tucson compact SUV on the eve of 11th August in a fully digital launch event that was streamed over its official Facebook page. The vehicle was put on display across its nationwide dealerships on the 12th of August where the...

Earlier in June, a camouflaged test mule of Changan Alsvin sedan was spotted testing in Islamabad. The Chinese automaker having teamed up with Master Motors is in process of introducing its first sedan in Pakistan. Related: Changan Alsvin Sedan Spotted Testing in Pakistan Now for the first...

Earlier this year we exclusively reported that Changan having partnered with Master Motors is considering to launch new passenger cars in Pakistan, the first of which is likely going to be the Alsvin sedan. Read Full Article: https://www.carspiritpk.com/2020/06/changan-alsvin-spotted-testing/...

Lucky Motors Limited (LML), a Younus Brothers Group’s company has signed an expression of interest (EoI) and a memorandum of understanding (MoU) with Groupe PSA of France to assemble, manufacture, market and sell Peugeot branded passenger cars and light commercial vehicles in Pakistan. As per...

After introducing a tax amnesty scheme, the PTI government is considering to initiate a similar program to owners of NCP (Non Custom Paid) smuggled vehicles in some parts of the country, according to The Express Tribune. Related: PM Imran Khan wants Electric Vehicle Policy to be Finalized in 2...

Prime Minister Imran Khan has directed the Ministry of Climate Change to finalize an electric vehicle policy in the next two weeks and present it before the federal cabinet for approval. Related: Advantages of Electric Vehicles He gave these directions while chairing a high level meeting on...