Pakistan Automobile Industry
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Car sales accelerate 57pc to 151,182 units in FY2021
KARACHI: Car sales increased 57 percent to 151,182 units during the last fiscal year of 2020/21, the industry’s data showed on Tuesday, with the growth mainly attributed to muted demand in the previous Covid-addled year.
Pakistan Automotive Manufacturers Association’s (PAMA) data showed that car sales of its member companies stood at 96,455 units during the fiscal year of 2019/20.
Auto analyst Umair Naseer at Topline Securities attributed the growth to low base effect due to COVID-19 linked lockdowns in FY20 when total car sales were 28 percent lower than the highest sales of around 329,000 units recorded in FY2018.
In June, 11,569 cars were sold compared with 7,325 units in the same month a year earlier. However, monthly sales remained below 12,934 units sold in May.
“We expect car sales to touch 300,000 units in FY22 driven by low interest rates, launch of new models and reduction in car prices through lower taxes,” said Naseer.
The key idea behind offering the incentives is to increase cars affordability specially of the smaller segment cars, improve share of energy efficient and environment-friendly electric and hybrid cars and enhance the overall market size by increasing car manufacturing to 500,000 units by FY2026.
Notable features of the measures introduced in the budget include abolishment of 2.5 percent federal excise duty along with reduction in sales tax from 17 percent to 12.5 percent for cars with engine capacity of up to 1,000cc, offering a total relief of 7 percent to customers. Lucky Motor Corporation (KIA, non-PAMA member) is estimated to have made sales of around 23,000 units during the year, according to Topline Research.
In FY2021, sales of 1,300cc and above car sales were recorded at 75,097 units, up 91 percent compared with the last year’s sales of 39,386 units. In June, 7,042 units of 1,300cc and above cars were sold, including 2,826 units of Honda Civic and City, 208 units of Suzuki Swift, 1,862 units of Toyota Corolla, 1,876 units of Toyota Yaris and 270 units of Hyundai Elantra.
Sales of 1,000cc cars increased by 56 percent to 30,169 units in FY2021 from 19,291 units in FY2020. In June, 3,124 cars of 1,000cc were sold compared to 1,306 units in June last year.
Below 1,000 cc cars, sales were recorded at 45,916 units from 37,778 units sold last year. In June, 1,403 cars were sold, down from 1,963 units of June last year.
Sales of buses and trucks rose to 4,347 units in FY2021 from 3,647 units in FY2020. Sales of jeeps increased to 11,306 units from 3,459 units. Pick-up sales increased to 18,909 units from 12,048 units. Sales of tractors increased to 50,685 units from 32,727 units. Rickshaws and motor bikes’ sales rose 39 percent to 1.9 million units from 1.3 million units of last year.
KARACHI: Car sales increased 57 percent to 151,182 units during the last fiscal year of 2020/21, the industry’s data showed on Tuesday, with the growth mainly attributed to muted demand in the previous Covid-addled year.
Pakistan Automotive Manufacturers Association’s (PAMA) data showed that car sales of its member companies stood at 96,455 units during the fiscal year of 2019/20.
Auto analyst Umair Naseer at Topline Securities attributed the growth to low base effect due to COVID-19 linked lockdowns in FY20 when total car sales were 28 percent lower than the highest sales of around 329,000 units recorded in FY2018.
In June, 11,569 cars were sold compared with 7,325 units in the same month a year earlier. However, monthly sales remained below 12,934 units sold in May.
“We expect car sales to touch 300,000 units in FY22 driven by low interest rates, launch of new models and reduction in car prices through lower taxes,” said Naseer.
The key idea behind offering the incentives is to increase cars affordability specially of the smaller segment cars, improve share of energy efficient and environment-friendly electric and hybrid cars and enhance the overall market size by increasing car manufacturing to 500,000 units by FY2026.
Notable features of the measures introduced in the budget include abolishment of 2.5 percent federal excise duty along with reduction in sales tax from 17 percent to 12.5 percent for cars with engine capacity of up to 1,000cc, offering a total relief of 7 percent to customers. Lucky Motor Corporation (KIA, non-PAMA member) is estimated to have made sales of around 23,000 units during the year, according to Topline Research.
In FY2021, sales of 1,300cc and above car sales were recorded at 75,097 units, up 91 percent compared with the last year’s sales of 39,386 units. In June, 7,042 units of 1,300cc and above cars were sold, including 2,826 units of Honda Civic and City, 208 units of Suzuki Swift, 1,862 units of Toyota Corolla, 1,876 units of Toyota Yaris and 270 units of Hyundai Elantra.
Sales of 1,000cc cars increased by 56 percent to 30,169 units in FY2021 from 19,291 units in FY2020. In June, 3,124 cars of 1,000cc were sold compared to 1,306 units in June last year.
Below 1,000 cc cars, sales were recorded at 45,916 units from 37,778 units sold last year. In June, 1,403 cars were sold, down from 1,963 units of June last year.
Sales of buses and trucks rose to 4,347 units in FY2021 from 3,647 units in FY2020. Sales of jeeps increased to 11,306 units from 3,459 units. Pick-up sales increased to 18,909 units from 12,048 units. Sales of tractors increased to 50,685 units from 32,727 units. Rickshaws and motor bikes’ sales rose 39 percent to 1.9 million units from 1.3 million units of last year.
ghazi52
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Motorbike, 3 wheeler sales increase 38.97%
The Frontier Post
ISLAMABAD (APP): The sale of motorbikes and three wheelers witnessed an increase of 38.97 percent during the fiscal year (2020-21) as compared to the corresponding period of last year.
During the period under review, as many as 1,903,932 motorbikes and three wheelers were sold in July-June (2020-21) against the sale of 1,370,005 units in July-June (2019-20), showing growth of 38.97 percent, according to the Pakistan automobile Manufacturing Association (PAMA).
The sale of Honda motorcycles went up 47.85 percent from 873,902 units in last year to 1,292,096 units during fiscal year 2021 whereas the sale of Suzuki motorcycles also rose by 43.63 percent from 17,301 units to 24,851 units. Similarly, the sale of Yamaha motorbikes also went up from 19,371 units to 19,924 witnessing increase of 2.
85 percent while the sale of Ravi motorbikes witnessed a sharp decline of 52.01 percent from 12,380 units to 5,941 units. The sales of United Auto motorcycles increased by 24.76 percent from 295,459 units to 368,643 units while the sales of Road Prince motorcycles also increased by 29.58 percent from 108,990 units to 141,230 units.
Meanwhile, the sale of Road Prince three wheelers witnessed a nominal decrease of 1.97 percent from 10,320 units in last year to 10,116 units in fiscal year 2021 while the sale of Sazgar three wheeler increased by 27.62 percent from 12,274 units to 15,665 units.
The sale of Qingqi three wheelers has shown an increase of 45.45 percent by going up from 12,893 units to 18,753 units whereas the sale of United Auto three wheelers also rose 9.10 percent from 6,098 units to 6,653 units, the data revealed.
The Frontier Post
ISLAMABAD (APP): The sale of motorbikes and three wheelers witnessed an increase of 38.97 percent during the fiscal year (2020-21) as compared to the corresponding period of last year.
During the period under review, as many as 1,903,932 motorbikes and three wheelers were sold in July-June (2020-21) against the sale of 1,370,005 units in July-June (2019-20), showing growth of 38.97 percent, according to the Pakistan automobile Manufacturing Association (PAMA).
The sale of Honda motorcycles went up 47.85 percent from 873,902 units in last year to 1,292,096 units during fiscal year 2021 whereas the sale of Suzuki motorcycles also rose by 43.63 percent from 17,301 units to 24,851 units. Similarly, the sale of Yamaha motorbikes also went up from 19,371 units to 19,924 witnessing increase of 2.
85 percent while the sale of Ravi motorbikes witnessed a sharp decline of 52.01 percent from 12,380 units to 5,941 units. The sales of United Auto motorcycles increased by 24.76 percent from 295,459 units to 368,643 units while the sales of Road Prince motorcycles also increased by 29.58 percent from 108,990 units to 141,230 units.
Meanwhile, the sale of Road Prince three wheelers witnessed a nominal decrease of 1.97 percent from 10,320 units in last year to 10,116 units in fiscal year 2021 while the sale of Sazgar three wheeler increased by 27.62 percent from 12,274 units to 15,665 units.
The sale of Qingqi three wheelers has shown an increase of 45.45 percent by going up from 12,893 units to 18,753 units whereas the sale of United Auto three wheelers also rose 9.10 percent from 6,098 units to 6,653 units, the data revealed.
ghazi52
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First electric bus was imported in Oct 2020 to Pakistan from BYD & E-bus has made its debut & started operations in Karachi in March this year. Sapphire is running this bus in partnership on 36km two-way existing route
ghazi52
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JW Forland has entered in the new domain of Buses with the aim of "Shaping the Future of Transportation in Pakistan".
50 buses have been arrived from which 20 have been delivered to our valued customer "Faisal Movers" which are moving on roads already.
50 buses have been arrived from which 20 have been delivered to our valued customer "Faisal Movers" which are moving on roads already.
ghazi52
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Finance Minister Shaukat Tarin Thursday stated that the proposed auto policy aims at expansion of auto industry in Pakistan by increasing the production of cars, motorcycles, and tractors, etc.
The finance minister presided over a meeting to review a draft Industry Development and Export Policy (AIDEP) 2021-26. The meeting was attended by Federal Minister for Industries and Production Khusro Bakhtyar, Advisor to the Prime Minister on Commerce Abdul Razak Dawood, SAPM on Finance and Revenue Dr Waqar Masood, secretary Finance Division, secretary Commerce, secretary Ministry of Industries and Production, chairman FBR, and other senior officers participated in the meeting.
The finance minister emphasised broad-based consultations with key stakeholders to come up with an all-encompassing and futuristic AIDEP 2021-26.
The secretary Ministry of industries and Production briefed the participants about the salient features of the draft AIDEP 2021-26.
The vision of the AIDEP should be to make Pakistan a hub for competitive manufacturing of auto parts and vehicles for local markets as well as for exports.
The meeting was further told that the key focus is to strengthen the competition within locally-manufactured vehicles in order to provide high quality vehicles at affordable prices to the consumers in the country.
It also includes increase in export of automobile parts and vehicles to earn a valuable foreign exchange.
The top-most priority is to ensure consumer welfare through availability of cars at affordable rates for the middle and lower income groups.
With this end in view, the government has provided major relief to the consumers by reducing sales tax on 850cc cars along with exemption from value-added tax in the federal budget 2021-22.
The Ministry of Industries and Production confirmed that prices of vehicles have been reduced commensurate with reduction in taxes and the industry has widely advertised for the information of the general public.
The policy would encourage exports of vehicles and automobile parts.
The finance minister also underscored the importance of Electric Vehicles (EVs) and affirmed to provide incentives for developing Electric Vehicle market in Pakistan including EV charging infrastructure.
The promotion of EVs will reduce dependence on oil import bill and promote environment-friendly options.
The finance minister also stressed to come up with innovative products for provision of car financing at reduced mark-up to consumers, so that everyone can afford a car at flexible terms and conditions.
The Minister for Industries and Production said that new entrants may be encouraged in the auto sector particularly for EVs. This, in turn, would encourage auto companies to invest in related infrastructure in Pakistan.
The Advisor to Commerce stated that the existing tariff structure needs to be rationalised (in a phased manner) to promote auto industry in Pakistan, keeping in view, the objective of localisation i.e. to encourage local auto industry to come up with high quality vehicles within affordable range.
Copyright Business Recorder, 2021
The finance minister presided over a meeting to review a draft Industry Development and Export Policy (AIDEP) 2021-26. The meeting was attended by Federal Minister for Industries and Production Khusro Bakhtyar, Advisor to the Prime Minister on Commerce Abdul Razak Dawood, SAPM on Finance and Revenue Dr Waqar Masood, secretary Finance Division, secretary Commerce, secretary Ministry of Industries and Production, chairman FBR, and other senior officers participated in the meeting.
The finance minister emphasised broad-based consultations with key stakeholders to come up with an all-encompassing and futuristic AIDEP 2021-26.
The secretary Ministry of industries and Production briefed the participants about the salient features of the draft AIDEP 2021-26.
The vision of the AIDEP should be to make Pakistan a hub for competitive manufacturing of auto parts and vehicles for local markets as well as for exports.
The meeting was further told that the key focus is to strengthen the competition within locally-manufactured vehicles in order to provide high quality vehicles at affordable prices to the consumers in the country.
It also includes increase in export of automobile parts and vehicles to earn a valuable foreign exchange.
The top-most priority is to ensure consumer welfare through availability of cars at affordable rates for the middle and lower income groups.
With this end in view, the government has provided major relief to the consumers by reducing sales tax on 850cc cars along with exemption from value-added tax in the federal budget 2021-22.
The Ministry of Industries and Production confirmed that prices of vehicles have been reduced commensurate with reduction in taxes and the industry has widely advertised for the information of the general public.
The policy would encourage exports of vehicles and automobile parts.
The finance minister also underscored the importance of Electric Vehicles (EVs) and affirmed to provide incentives for developing Electric Vehicle market in Pakistan including EV charging infrastructure.
The promotion of EVs will reduce dependence on oil import bill and promote environment-friendly options.
The finance minister also stressed to come up with innovative products for provision of car financing at reduced mark-up to consumers, so that everyone can afford a car at flexible terms and conditions.
The Minister for Industries and Production said that new entrants may be encouraged in the auto sector particularly for EVs. This, in turn, would encourage auto companies to invest in related infrastructure in Pakistan.
The Advisor to Commerce stated that the existing tariff structure needs to be rationalised (in a phased manner) to promote auto industry in Pakistan, keeping in view, the objective of localisation i.e. to encourage local auto industry to come up with high quality vehicles within affordable range.
Copyright Business Recorder, 2021
ghazi52
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Automobile demand increased 23.4% in post pandemic Pakistan
The Frontier Post
KARACHI: State Bank Pakistan (SBP) quarterly report states that Pakistan’s automobile sector has crossed double-digit growth of 23.4% across the board, with cars improving 24.7 percent, motorcycles 20.3 percent, LCVs 30.2 percent, and tractors 57.5 percent. Low-interest rates, relative stability in automobile prices and the introduction of new models led to this increase however remittances has played important role in the hike because remittances recorded at the highest.
The report stating that price stability was significant, as the overall registered increase in automobile prices was merely 3.4 percent for the three quarters as opposed to 20.8 percent for nine months of the previous fiscal year.
Under the Automotive Development Policy, 2016-2021, several new auto-assemblers invested resources in the automotive industry during the previous fiscal year. The government’s incentives to revive the economy from the pandemic impacts also had a positive effect on the automobile sector.
The indirect impetus came from the improved agriculture sector and construction sector. Record remittances also contributed to the increase witnessed in sales of automobiles, the report noted.
In May 2021 the Pakistani market keeps growing quickly after reporting a 73.3% increase in Q1, and reports 16.091 units sold (249.6%), leading Year to Date sales at 89.688 units, a 142.3% increase in sales compared to 2020. Despite all these positive numbers, compared to pre-pandemic levels the market is still not recovered effectively, decreasing sales by 12.3% with respect to the same month in 2019.
The market has been unstable in the 2010-2014 period of time, registering a sharp fall in 2013, before embarking on a positive pathway in the following years. In 2017 the market was sustained by robust internal demand, reaching 247.330 sales (18.3%), followed by the current all-time record in 2018 at 6.9%.
However, in 2019, the market has imploded due to a tax introduction, making new car imports negligible. As a result, the Full-year ended at 192.814 units sold, losing 27.1% from the previous year.
After starting the year with a very negative trend (-42.6%), the market kept collapsing in March as the virus struck. The sharpest drop in sales this year was in April when sales declined by 99.6%.
In the following months, the market recovered and started growing again in August when sales rose by 36.2%. For the rest of the year, double-digit growth was maintained, with the biggest growth registered in November 45.5%.
Due to the COVID-19 pandemic sales fell in 2020. In fact, 127.939 units have been sold, reporting a decline of 33.6% compared to 2019.
In 2021 the year started positively for the Pakistan market, in fact, in Q1 56.031 units have been sold, reporting a 73.3% increase in sales compared to Q1 2020.
In April 17.566 units have been sold, reporting an enormous growth due to the incredibly low amount of sales in April 2020.
Due to Covid-19 pandemic supply of goods had disrupted across globe and especially automobile industry has affected greatly due to increase in demands but shipping sector does not fulfilling post pandemic situation of consumers.
The automotive industry is faced by chip shortage globally resulting in delays in committed delivery of vehicles both CKD and CBU.
This shortage is a direct result of COVID-19 pandemic. This issue is further aggravated by rising cost and non-availability of shipping lines due to post COVID-19 surge in global demand.
MG Pakistan with the support of its principle will honor all its commitments. The organization value the trust bestowed on us by Pakistan consumer. The MG is committed to localization, development of export based automotive industry. The industry feel allegation of fraud and other misconduct is part of a planned activity to distance our prospective consumers from the MG value its consumers. The negative perception created regarding over booking, under invoicing, dealership network and Parts is baseless.
On the contrary, MG is growing fast in terms of vehicles delivered and dealership network. MG has successfully defended all allegations of under invoicing with the support of Shanghai Automotive Industry Corporation and Chinese embassy. We assure that we are in Pakistan and we will not deviate from our goal to increase consumer value in automotive industry.
The new data from Pakistan Automobile Association (PAMA) shows that the sale of passenger cars, jeeps, vans, pickup trucks, recorded a 24.3pc year-on-year jump to more than 113,905 units. The number doesn’t show the sales of one of the more aggressive new players, Lucky Motors. The two- and three-wheeler segment also expanded by 17.3pc year-on-year to 1.27m units.
The sales of tractors more than doubled. But the manufacturers of buses and trucks saw their sales plummet. The automotive industry’s growth reflects an overall uptick in domestic economic activities after Covid-19 lockdown restrictions were lifted. The hefty reduction in interest rates that pushed auto financing has also played a major role in the turnaround in car sales.
The industry was shrinking on plunging sales as the government took unsuccessful actions to document the economy. However, the new impetus to the sale of cars and other automobiles in recent months has engendered hopes of an early revival. Total industry sales, barring trucks, buses and two- and three-wheelers, are projected to spike to half a million units over the next five to six years if the current growth momentum continues.
With several Chinese carmakers presenting their brands and investing in local assembly in Pakistan to take advantage of the tax concessions given in the 2016-2021 auto sector policy, the automobile industry is undergoing significant change as customers get more choices and old players come up with new and better models.
The interest shown by Chinese automobile companies in introducing their electric cars at discounted prices and the expectation that Japanese carmakers will bring in hybrid vehicles could usher in more changes in the auto landscape and intensify competition.
The existing auto policy attracted new Korean and Chinese automobile brands, the next policy for 2021-26 must focus on incentives for auto exports and the introduction of smaller, affordable, entry-level cars for middle-class consumers, especially working women.
The Frontier Post
KARACHI: State Bank Pakistan (SBP) quarterly report states that Pakistan’s automobile sector has crossed double-digit growth of 23.4% across the board, with cars improving 24.7 percent, motorcycles 20.3 percent, LCVs 30.2 percent, and tractors 57.5 percent. Low-interest rates, relative stability in automobile prices and the introduction of new models led to this increase however remittances has played important role in the hike because remittances recorded at the highest.
The report stating that price stability was significant, as the overall registered increase in automobile prices was merely 3.4 percent for the three quarters as opposed to 20.8 percent for nine months of the previous fiscal year.
Under the Automotive Development Policy, 2016-2021, several new auto-assemblers invested resources in the automotive industry during the previous fiscal year. The government’s incentives to revive the economy from the pandemic impacts also had a positive effect on the automobile sector.
The indirect impetus came from the improved agriculture sector and construction sector. Record remittances also contributed to the increase witnessed in sales of automobiles, the report noted.
In May 2021 the Pakistani market keeps growing quickly after reporting a 73.3% increase in Q1, and reports 16.091 units sold (249.6%), leading Year to Date sales at 89.688 units, a 142.3% increase in sales compared to 2020. Despite all these positive numbers, compared to pre-pandemic levels the market is still not recovered effectively, decreasing sales by 12.3% with respect to the same month in 2019.
The market has been unstable in the 2010-2014 period of time, registering a sharp fall in 2013, before embarking on a positive pathway in the following years. In 2017 the market was sustained by robust internal demand, reaching 247.330 sales (18.3%), followed by the current all-time record in 2018 at 6.9%.
However, in 2019, the market has imploded due to a tax introduction, making new car imports negligible. As a result, the Full-year ended at 192.814 units sold, losing 27.1% from the previous year.
After starting the year with a very negative trend (-42.6%), the market kept collapsing in March as the virus struck. The sharpest drop in sales this year was in April when sales declined by 99.6%.
In the following months, the market recovered and started growing again in August when sales rose by 36.2%. For the rest of the year, double-digit growth was maintained, with the biggest growth registered in November 45.5%.
Due to the COVID-19 pandemic sales fell in 2020. In fact, 127.939 units have been sold, reporting a decline of 33.6% compared to 2019.
In 2021 the year started positively for the Pakistan market, in fact, in Q1 56.031 units have been sold, reporting a 73.3% increase in sales compared to Q1 2020.
In April 17.566 units have been sold, reporting an enormous growth due to the incredibly low amount of sales in April 2020.
Due to Covid-19 pandemic supply of goods had disrupted across globe and especially automobile industry has affected greatly due to increase in demands but shipping sector does not fulfilling post pandemic situation of consumers.
The automotive industry is faced by chip shortage globally resulting in delays in committed delivery of vehicles both CKD and CBU.
This shortage is a direct result of COVID-19 pandemic. This issue is further aggravated by rising cost and non-availability of shipping lines due to post COVID-19 surge in global demand.
MG Pakistan with the support of its principle will honor all its commitments. The organization value the trust bestowed on us by Pakistan consumer. The MG is committed to localization, development of export based automotive industry. The industry feel allegation of fraud and other misconduct is part of a planned activity to distance our prospective consumers from the MG value its consumers. The negative perception created regarding over booking, under invoicing, dealership network and Parts is baseless.
On the contrary, MG is growing fast in terms of vehicles delivered and dealership network. MG has successfully defended all allegations of under invoicing with the support of Shanghai Automotive Industry Corporation and Chinese embassy. We assure that we are in Pakistan and we will not deviate from our goal to increase consumer value in automotive industry.
The new data from Pakistan Automobile Association (PAMA) shows that the sale of passenger cars, jeeps, vans, pickup trucks, recorded a 24.3pc year-on-year jump to more than 113,905 units. The number doesn’t show the sales of one of the more aggressive new players, Lucky Motors. The two- and three-wheeler segment also expanded by 17.3pc year-on-year to 1.27m units.
The sales of tractors more than doubled. But the manufacturers of buses and trucks saw their sales plummet. The automotive industry’s growth reflects an overall uptick in domestic economic activities after Covid-19 lockdown restrictions were lifted. The hefty reduction in interest rates that pushed auto financing has also played a major role in the turnaround in car sales.
The industry was shrinking on plunging sales as the government took unsuccessful actions to document the economy. However, the new impetus to the sale of cars and other automobiles in recent months has engendered hopes of an early revival. Total industry sales, barring trucks, buses and two- and three-wheelers, are projected to spike to half a million units over the next five to six years if the current growth momentum continues.
With several Chinese carmakers presenting their brands and investing in local assembly in Pakistan to take advantage of the tax concessions given in the 2016-2021 auto sector policy, the automobile industry is undergoing significant change as customers get more choices and old players come up with new and better models.
The interest shown by Chinese automobile companies in introducing their electric cars at discounted prices and the expectation that Japanese carmakers will bring in hybrid vehicles could usher in more changes in the auto landscape and intensify competition.
The existing auto policy attracted new Korean and Chinese automobile brands, the next policy for 2021-26 must focus on incentives for auto exports and the introduction of smaller, affordable, entry-level cars for middle-class consumers, especially working women.
ghazi52
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Pak Suzuki has finally decided to replace the old Bolan and Ravi in Pakistan which the company has been assembling for over 4 decades. Based on the 7th generation Suzuki Carry ST-90 model, the duo dates back to 1979.
Lahore High Court has directed the Engineering Development Board (EDB), which is the regulatory agency for the auto industry, to make it mandatory for automakers to assemble cars with airbags. Technically it is not possible to fit airbags in Ravi & Bolan so the company will replace it with the Suzuki Every model, which is in fact a newer generation of Suzuki Carry.
The report says that Engineer Asim Ayaz of EDB has also confirmed that carmakers and importers have been told to adapt to the list of internationally accepted safety standards called WP-29, which includes installation of airbags, by the end of 2021. However, companies can get an 18-month waiver.
The Suzuki Mehran and the Daihatsu Cuore were discontinued in Pakistan due to lack of Euro-2 compliance, and the Bolan and the Ravi will probably have the same fate as their interiors do not have the space required to install airbags.
Lahore High Court has directed the Engineering Development Board (EDB), which is the regulatory agency for the auto industry, to make it mandatory for automakers to assemble cars with airbags. Technically it is not possible to fit airbags in Ravi & Bolan so the company will replace it with the Suzuki Every model, which is in fact a newer generation of Suzuki Carry.
The report says that Engineer Asim Ayaz of EDB has also confirmed that carmakers and importers have been told to adapt to the list of internationally accepted safety standards called WP-29, which includes installation of airbags, by the end of 2021. However, companies can get an 18-month waiver.
The Suzuki Mehran and the Daihatsu Cuore were discontinued in Pakistan due to lack of Euro-2 compliance, and the Bolan and the Ravi will probably have the same fate as their interiors do not have the space required to install airbags.
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We need locally produced smart tractors to help modernize our Agriculture industry.Pakistan Auto Show 2017
The Indus Motor Company (IMC) formally launched its new variants in the commercial vehicle and SUV range, the Hilux Revo and Fortuner.
“To develop the Hilux and Fortuner, we took a radical approach to design, travelling across the world including Pakistan to observe and feel road conditions, drive patterns, traffic situations and listen to customers and dealers first hand,” said H Nakajima, Chief Engineer Hilux and Fortuner, while speaking at the launch.
“The bigger tougher Hilux started from a new frame, an improved engine, new 6 speed transmission and a longer leaf suspension that offers more efficiency, stress free and comfortable drive.”
While commenting on the new launch, IMC Chief Operating Officer Ali Asghar Jamali said that Pakistan is one of the fastest growing economies in the region and that is a good implication for the auto industry.
“If the present optimism persists, we foresee the market touching 350,000 units of demand by 2025, and if new entrants step in; the demand may go up to 500,000 units.
Talking about IMC’s localisation efforts, he said, “With continuous localisation, we not only save valuable foreign exchange for the country but also are able to offer our vehicles at much competitive prices. It is interesting to note that our cars, adjusted for dollar appreciation, cost less today than they did back in 1993,” added Jamali.
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Maula Jatt
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Link?
CatSultan
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sorry typo
ghazi52
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Pakistan’s Sazgar Engineering to Export Its First Batch of Rickshaws to Ethiopia
by Waleed Shah
Pakistan’s automotive industry is gradually beginning to establish itself in the export market. In a recent development on this front, Sazgar Engineering Works Limited (SEWL) will export its first batch of auto rickshaws to Ethiopia.
This announcement was made in a tweet by the Chairman of the Engineering Development Board (EDB), Almas Hyder. He added that SEWL will export a batch of 170 rickshaws to Ethiopia in September.
SEWL is a Pakistan-based manufacturer of fully indigenous auto-rickshaws and other three-wheeled transporters. It is the largest manufacturer, seller, and distributor of three-wheelers across Pakistan, and is also the only exporter of three-wheelers or any indigenously produced vehicle in Pakistan.
It recently expanded its lineup to include all-electric rickshaws. The development has provided SEWL the opportunity to market its products in countries with better Electric Vehicle (EV) ecosystems.
Note that Ethiopia is a landlocked East-African country and has a huge demand for three-wheelers.
SEWL is one of the most prolific new automakers in Pakistan with a handsome repertoire of products for the local car market. It had announced two months ago that one of its new partners in the automotive industry, Haval, had been granted the Category-A greenfield investment status to assemble and sell its vehicles in Pakistan.
Haval made its debut in Pakistan a few months ago. The Chinese automaker had launched two crossover SUVs — the Haval Jolion and the Haval H6. The debut was a huge success as both the vehicles were sold out within days of being launched.
SEWL is also in partnership with the Chinese automaker BAIC. The company had made an appearance in the PAPS auto show in February 2020 and displayed three of its vehicles — the D20, the X25, and the BJ40 — all of which received positive feedback from the public. It has been over a year since the show but BAIC is yet to officially launch these vehicles in Pakistan
by Waleed Shah
Pakistan’s automotive industry is gradually beginning to establish itself in the export market. In a recent development on this front, Sazgar Engineering Works Limited (SEWL) will export its first batch of auto rickshaws to Ethiopia.
This announcement was made in a tweet by the Chairman of the Engineering Development Board (EDB), Almas Hyder. He added that SEWL will export a batch of 170 rickshaws to Ethiopia in September.
SEWL is a Pakistan-based manufacturer of fully indigenous auto-rickshaws and other three-wheeled transporters. It is the largest manufacturer, seller, and distributor of three-wheelers across Pakistan, and is also the only exporter of three-wheelers or any indigenously produced vehicle in Pakistan.
It recently expanded its lineup to include all-electric rickshaws. The development has provided SEWL the opportunity to market its products in countries with better Electric Vehicle (EV) ecosystems.
Note that Ethiopia is a landlocked East-African country and has a huge demand for three-wheelers.
SEWL is one of the most prolific new automakers in Pakistan with a handsome repertoire of products for the local car market. It had announced two months ago that one of its new partners in the automotive industry, Haval, had been granted the Category-A greenfield investment status to assemble and sell its vehicles in Pakistan.
Haval made its debut in Pakistan a few months ago. The Chinese automaker had launched two crossover SUVs — the Haval Jolion and the Haval H6. The debut was a huge success as both the vehicles were sold out within days of being launched.
SEWL is also in partnership with the Chinese automaker BAIC. The company had made an appearance in the PAPS auto show in February 2020 and displayed three of its vehicles — the D20, the X25, and the BJ40 — all of which received positive feedback from the public. It has been over a year since the show but BAIC is yet to officially launch these vehicles in Pakistan
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