automobiles

Says increases from 18% to 25% could escalate car prices to over Rs4 million

PAMA reports car sales of only 4,500 units, down 52% MoM and 80% YoY

Chinese brands such as Haval, Chery and Geely now account for 40% of new car sales

Lower demand may result in prolonged plant closures, joblessness

Manufacturers blame economic uncertainty, import curbs for price increase

Attributes closure to LC restrictions, halt to foreign payments

German envoy warns of shadow over relations

Urge carmakers to reduce prices as rupee strengthens against greenback

Proposal to make registration of vehicles up to 3,000 cc free to be considered

Automaker earned Rs1.3 billion in quarter ended Dec 2022