Pakistan Automobile Industry

[ghazi52]

......................

The Frontier Post

Lahore: Honda Atlas Cars Pakistan Limited (HACPL) has launched the All-new Honda Civic, the most exquisite car of 2022. The All-new Honda Civic was launched at a spectacular event held at a Hotel in Lahore. The HACPL Management comprising Chairman; Mr. Aamir H. Shirazi, President & CEO; Mr. Hironobu Yoshimura & Senior Management of HACPL along with our Prestigious Media / Dealers & Corporates were a part of the launch event.

The All-new Honda Civic is flawlessly advanced and exhibits an opulent design that makes it one of the ultimate sedan in its class.

For the first time in Pakistan HACPL has introduced Honda SENSING in The All-new Honda Civic 2022.

Honda SENSING is an advanced and comprehensive suite of Safety and Driver-assistive technologies designed to assist and help protect drivers. The All-new Honda Civic is a testament from the makers to fortify its position as the leading car manufacturer in the country.

 

[ghazi52]

...................

Pakistan is seeing a massive growth in car sales, which amounted to 184,099 units in the 10 months of the ongoing fiscal year with Indus Motor’s share being 52,987. PHOTO: IMC

---

KARACHI: Indus Motor Company (Toyota) has increased prices of several models of its completely built-up (CBU) units by Rs1.16-2.28 million following a jump in freight cost and international commodity prices..

Prices of automobiles in Pakistan have increased by an average of 10% for all models, but this is not the end..

Major factors contributing to the increase in prices of automobiles in Pakistan include increase in shipping time and availability of essential raw material..
.
............

 

[ghazi52]

...
MG Motor Pakistan..
MG JW Automobile Pakistan Pvt Ltd operating as MG Motors Pakistan is a Pakistani automobile manufacturer and joint venture between JW-SEZ Group and SAIC motors..
.....

MG New Car Models​

• 
  
  

  MG ZS​

  PKR 44.0 - 44.0 lacs
  
• 
  
  

  MG ZS EV​

  PKR 62.5 - 62.5 lacs
  
• 
  
  

  MG HS​

  PKR 85.0 - 89.0 lacs
  

........

 

[ghazi52]

.

https://www.facebook.com/video.php?v=545638800029132

...

 

[ghazi52]

;'.
LAHORE: Gabitt, United Motors on Friday inked Memorandum of Understanding (MoU) to provide cars on easy terms and low mark-up.

A ceremony in this regard was held at Head office of United Motors. CEO Gabitt Muhammad Hamza and General Manager Sales and Marketing sign the agreement.

Group Chairman FABS International Fahad Aziz, Vice Chairman Punjab Transport Company Aun Sadiq, Business Consultant and Director Liberty Hotel Lahore Saman Shah, businessman Danial Ateeq were also present on occasion.

As per MoU, Gabitt and United Motors will provide cars to Gabitt drivers on installments with lowest ever mark-up and easy terms and conditions. United’s 800cc Bravo and 1000cc Alpha will be provided to drivers to improve the living standards of middle-class by providing them reasonable source of earning.

Copyright Business Recorder, 2022
..........

 

[ghazi52]

<>

Automobile sales rise by 32% in Feb​

Expert says growth led by vehicles below 1,000cc engine capacity

News Correspondent
March 11, 2022

---

KARACHI: Automobile sales registered a handsome growth of 32% year-on-year to 21,664 units in February 2022.

On a month-on-month basis, the sales increased by 5%, according to data released by the Pakistan Automotive Manufacturers Association (PAMA).

During the first eight months of current fiscal year, automobile sales registered an increase of around 56% year-on-year to 178,250 units.

Talking to The Express Tribune, Ismail Iqbal Securities analyst Muqeet Naeem underlined that the growth was led by vehicles below 1,000cc engine capacity, as Suzuki Alto sales doubled to 7,175 units.

However, vehicles of 1,300cc and above capacity showed a decline of 32% in sales, mainly led by the dip in sales of Corolla/ Yaris and City/ Civic by 34% and 37% respectively.

“Volumes are increasing, new models are being introduced, bookings for new models have also shown an outstanding response,” said auto expert Mashood Ali Khan.

“But the industry is expected to face the fallout of inflation in the coming months,” he said, adding that with new global uncertainties, the market may witness a downward trend after August 2022.

Topline Research analyst Sunny Kumar underlined that the increase in month-on-month sales was led by Pak Suzuki Motor and Hyundai Nishat Motors.

Pak Suzuki sales increased by 40% month-on-month, led by the growth in sales of Alto by 86% and Cultus by 44%, he said.

“The significant jump is due to the ease in production as compared to the previous month,” he added.

Hyundai Nishat sold 1,469 units in February 2022, up 2.4 times on a month-on-month basis.

Tucson sales rose 5.7 times to 774 units, while Elantra sales grew 2.9 times to 312 units amid greater acceptability of the new entrants, he pointed out.

Honda Atlas Cars and Indus Motor posted a decline of 32% month-on-month each in sales during February 2022, he noted.

In the first eight months of 2021-22, auto sales were up by around 56%, supported by the macroeconomic recovery and single-digit interest rate, he mentioned.

In the tractor segment, sales of Al-Ghazi Tractors recorded an increase of 5% month-on-month and 42% year-on-year.

“Millat Tractors has yet to post the sales figure,” he said.

In the category of motorbikes, sales registered a decline of 11% month-on-month and 12% year-on-year in February 2022. “This takes bike sales to 1.2 million units in the first eight months of 2021-22, down 3% year-on-year.”

AHL Head of Research Tahir Abbas underlined that trucks and buses sales registered a decline of 30% month-on-month, while their sales grew by 66% year-on-year in February 2022, mainly driven by increased transportation activity.

Regarding Pak Suzuki, Insight Securities analyst Ali Asif pointed out that sales increased as the company overcame chip shortage coupled with the reopening of Alto VXL booking.

People were awaiting the launch of the new Civic, which triggered the decline in sales of Honda Atlas Cars, amid the closure of bookings for the old Civic model.

The decline in tractor sales was mainly due to Millat Tractor’s operational restrictions in the wake of prolonged delay in release of Rs6.2 billion worth of sales tax refunds, he mentioned.

Published in The Express Tribune, March 11th, 2022.
........................

 

[ghazi52]

........... Lahore Vintage ..............

.

 

[ghazi52]

....

First locally assembled European vehicle launched​

The Newspaper's
March 13, 2022

The SUV has a fuel consumption rate of as high as 15km per litre.

KARACHI: Lucky Motor Corporation (LMC) on Saturday officially launched the country’s first locally assembled European vehicle — Peugeot 2008 SUV — followed by the opening of eight 3S dealerships in six cities.

Peugeot is a French brand of automobiles owned by Stellantis. LMC will assemble various Peugeot models locally and is currently exploring opportunities to distribute these by early next year.

At the launch event, LMC CEO Asif Rizvi said the company has invested Rs4 billion in the Peugeot project — including plant, machinery and sales network — which led to the creation of 650 jobs. He said LMC is set to change the automotive landscape of Pakistan by introducing a European brand.


Sharing details of the newly-launched vehicle, Mr Rizvi said Peugeot 2008 model gives enough power equivalent to 1,800cc and delivers at a fuel consumption rate of as high as 15km per litre as compared to 10 km per litre for an 1,800 cc engine.

The e-2008 will be the next model launched, giving customers the freedom to choose between a 100 per cent electric and a thermic version, he said.

“12 new entrants have entered under the Auto Development Policy 2016-2021 bringing about 15 brands and 25 new vehicles, thus creating a level playing field for the existing and new players,” Mr Rizvi said.

LMC — a subsidiary of Yunus Brother Group — has entered into eight Technical Assistance Agreements with four Korean auto parts suppliers for the transfer of technology to Pakistan.

He said that there would be further job creation in the market with the expansion of operations and network of Peugeot.

In a video message, Peugeot CEO Linda Jackson noted that this was the first time a European car was assembled in Pakistan. “We are excited to work with Lucky Motors to support employment, localisation and the local automotive industry in the country.

Internationalisation is a key focus for Peugeot with the B and C segment SUV growth representing a great opportunity for us. This is also bolstered by the evolution of the legislation of the country towards electrification which is in line with our strategy,” she said.

“We are excited to embark on this journey in Pakistan with LMC while looking forward to witnessing the growth of both parties in the country,” Stellantis COO Middle East and Africa Region Samir Cherfan said in a video message.

Published in Dawn, March 13th, 2022
.............

 

[K_Bin_W]

What is the scope of EVs in Pak? Eventually the world will move on and away from combustion engines.

 

[ghazi52]

Pakistan Auto Policy.
Under the Automotive Development Policy (ADP) 2016-21, the Pakistani government has granted greenfield status to 21 automakers to build passenger and commercial cars.
New automakers from Korea, Europe, China, and Malaysia have entered the market, bringing with them a combined investment of over $1.0 billion, according to the Ministry of Industries and Production (MoIP)...
.

 

[Mav3rick]

...................

Pakistan is seeing a massive growth in car sales, which amounted to 184,099 units in the 10 months of the ongoing fiscal year with Indus Motor’s share being 52,987. PHOTO: IMC

---

KARACHI: Indus Motor Company (Toyota) has increased prices of several models of its completely built-up (CBU) units by Rs1.16-2.28 million following a jump in freight cost and international commodity prices..

Prices of automobiles in Pakistan have increased by an average of 10% for all models, but this is not the end..

Major factors contributing to the increase in prices of automobiles in Pakistan include increase in shipping time and availability of essential raw material..
.
............

As expected, rising freight charges and currency devaluation meant Indus Motor Company (IMC) jacked up prices of its entire line-up with the increase going as high as Rs1.257 million.

The price hike comes after Business Recorder reported that rising freight charges and ongoing rupee depreciation have not only put car prices under pressure but will also be the reasons for the overall market to see a minimum 10 to 15% reduction in sales in the coming fiscal year.

“I see the overall market going down by 10 to 15% minimum next (fiscal) year,” Jamali had said then.

While the rupee has hit record lows in recent days, and is currently trading well above the 181 level against the US dollar, the rise in freight charges is another major contributor to the price jump.

New prices

The company, in a letter to its dealers, said that the "sudden devaluation of Pakistani rupee and massive increase in prices of commodities and freight has resulted in increase of our CKD & local parts cost along with the increase in prices to our vendors".

"Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices and therefore, we are compelled to pass on some impact to the market," added the document, which is available with Business Recorder.

It added that the new prices will be implemented step-wise. For new orders booked on or after March 23, 2022, the following would be the new prices.

Toyota's Fortuner Diesel Legender variant saw the biggest price-jump. Its ex-factory Karachi price went up from Rs10.842m to Rs12.099m, an increase of Rs1,257,000.

Meanwhile, Toyota Yaris saw a price-hike of as much as Rs324,000.

The Corolla range saw its biggest hike for the 1.8 CVT SR (black) variant -- Rs490,000.

The Revo variants saw a jump in rates by as much as Rs847,000 for the Rocco variant, which is now priced at Rs9,319,000.

Further details of the price-increase, and other terms/conditions are listed below.

IMC reported a profit-after-tax of Rs10.17 billion in six months of the ongoing fiscal year (July-December 2021), translating into earnings per share (EPS) of Rs129.45. In the same six-month period of the previous year, its profit-after-tax stood at Rs4.8 billion (EPS of Rs61.08). However, the company’s gross margins have declined by 320bps on a quarterly basis, from 10.8% in July-September 2021 to 7.6% in October-December 2021.

Source: BR

 

[ghazi52]

';.
Austin 7 Leaving Khyber Pass, February 1966.....

,-'

 

[ghazi52]

.;l
BYD, a major Chinese manufacturer of electric and hybrid vehicles based in Shenzhen showed interest in setting up their manufacturing unit in Pakistan.
Pakistan Ambassador to China, Moin ul Haque was briefed by senior executives of BYD Co.Ltd during a recently held virtual meeting.

He was accompanied by the Embassy’s economic team, Pakistan’s Consul-general in Guangzhou also attended the meeting. During the meeting, an extensive discussion about the investment landscape of Pakistan was held.

BYD’s executives briefed the ambassador about their company and entering the Pakistani market and interest in setting up their manufacturing unit.

BYD Co. Ltd is a major Chinese manufacture of electric and hybrid vehicles based in the city of Shenzhen.

Ambassador Haque noted that robust economic cooperation between Pakistan and China, and invited BYD’s investment in Pakistan.

He briefed them about the attractive policies o the Government of Pakistan for investment in eclectic vehicles sector, and assured the Chinese enterprise of Embassy’s full support for its planned endeavours in Pakistan.

BYD, the Chinese multinational company and world’s largest electric vehicles manufacturer with turnover of $250 billion, is all set to enter Pakistan.
The development was announced by Pakistan Electric Vehicles & Parts Manufacturers and Traders Association (PEVPMTA) General Secretary Shaukat Qureshi while talking to local media.

“Toyota, the world auto giant, for the first time signed an agreement on November 7, 2019, to develop Electric Vehicles with BYD, the world’s largest electric vehicles manufacturer, with 44 plants around the globe employing 250,000 personals, with turnover of $250 billion,” he said. “Scenario will definitely change in Pakistan as well, with the Japanese companies roll out their models by 2024,” he added.





,-;

 

[ghazi52]

The new BMW iX has arrived in Pakistan. Dr. Hamid Haqpawar – Managing Director BMW Group Middle East and Mr. Holger Ziegeler, Consul General of Germany handed over the first BMW electric car at the launch event on Monday, 21st March, 2022.

With the launch of iX, BMW has redefined the electric car market in Pakistan. The SAV elegant design embraces futuristic technology and a high-level comfort that will be a benchmark for the budding industry in the country. Offering a combination of power, performance, and luxury, the 520 hp BMW iX speeds from 0 to 100 km/h in 4.6 seconds and runs an extensive range of 630 km. The iX features dual electric motors and an all-wheel-drive system to give you perfect control in any kind of driving condition.

For over a hundred years, BMW has introduced cars that have won hearts and minds the world over. The company is renowned for its unmatched technology and relentless commitment to quality. BMW is a member of the United Nations Environment Program and has been recognized as the world’s most sustainable automobile manufacturing company.

The arrival of iX will prove to be an era-defining entry in the Pakistani electric car market and pave the way for healthy competition and growth in the industry.

 

[ghazi52]

.,.,.,.
Karachi 1970..

,.,.,