Auto sector

Insists increase in duties will help regulate excessive import of used cars

Plant closures, non-production days are inevitable, says IMC CEO

Stakeholders show optimism about further growth in sales numbers in coming months

Government announces exemptions for 850cc cars to make them affordable for general public

Touted as backbone for economy, companies have added little value to their imports

Report sees 17% rise in demand for cars next year

Volvo notched a sixth straight annual sales record in 2019, of more than 700,000 cars

Fragile though the recovery may be, it casts hope for a better future for the industry

Under G2G, NRTC signing agreement to provide plates on decreased rates

Low demand, impact of Covid-19 cause losses

City codes to be replaced by provincial series

Analysts expect low interest rate, improving economic cues to boost car demand

Lower interest rate, easing lockdown helps boost sales on month-on-month basis

Shares in BMW fell 3%

'Forcing companies to submit data again and again will add to bureaucratic hurdles'

Aims to double exports of vehicles and components in next five years

Laments Covid-19 outbreak has dealt blow to the sector

Local company gears up to ship absorber FR bumpers to Vietnamese carmaker

Double down on plan to cooperate on car production to save costs

Britain’s jobless claims in April leap to highest in nearly 24 years

Volkswagen resumes production amid uncertain demand

Higher-than-expected finance cost drive losses

Dealers in trouble, unable to give new orders to assemblers

Aims to support cash reserves as coronavirus pummels sales and production

Hike in Toyota Yaris, Corolla and IMV variants comes on back of rupee depreciation

Committee formed to finalise draft of policy within 60 days

Term it attempt to discourage investors from shifting to environment-friendly technology

Industry set to receive huge blow due to plant closures, suffer more losses

Decline comes due to soaring auto prices, slowdown in Pakistan’s economy

PSQCA prepares to introduce quality standards more suited to Pakistan’s infrastructure

New prices will be applicable from March 1

Company says sales fell mainly due to higher customs duty, levy of excise duty

Officials say it will be country’s most affordable variant in 800cc category

Cites technological improvements as reason behind increase

Drop comes on back of decline in company’s volumetric sales

PM aide says draft approved by cabinet will be revised to address concerns of stakeholders

Fall attributed to sluggish demand caused by high car prices, exorbitant lending rate

Pakistan's auto industry on bumpy ride due to depreciation of rupee against US dollar and a high interest rate

Macroeconomic stabilisation policies spark supply, demand-side pressures

Sales may pick up from July next year, but will be lower than previous years

Electric mobility is expanding at a rapid pace throughout the world

Says last five months was very tough due to rupee depreciation

All three automakers reported decline in demand on year-on-year basis

Fall comes due to lower sales, drop in other income

Cars being imported on passports of Pakistanis residing in Dubai

Says stakeholders’ consent was not sought before approval of policy

Production and sale of cars has declined by nearly 40% due to rising interest rate, rupee depreciation

Declining volumes drag earnings down; board announces dividend of Rs7 per share

Economic slowdown, rupee devaluation push consumers to go for second-hand cars

Says company will continue non-production days as sales plunge