Rising trade deficit has forced the government institutions to make more measures in order to curb the issue. After State Bank of Pakistan (SBP) that made changes in prudential regulations and reduced the financing limit and period, particularly for imported vehicles on the back of inflated trade and current account deficits, the Federal Board of Revenue (FBR) has come into action.
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Suzuki Ciaz has achieved a unique milestone of selling over 300,000 units in the Indian market since it was first introduced in 2014.
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Master Changan is all set to expand its local portfolio with the introduction of Oshan X7 SUV likely towards the end of this year, CarSpiritPK has learned from a reliable source.
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Sales of new cars in Pakistan are expected to witness another speed bump as State Bank of Pakistan (SBP) has recently made changes in prudential regulations and reduced the auto financing limit and period, on the back of inflated trade and current account deficits.
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Auto industry of Pakistan- One step forward, two steps back!
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Sazgar has once again increased the prices of Haval H6 compact crossover SUV. This is the second major price revision announced by the company within 3 months of introduction in Pakistan.
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Toyota CEO Akio Toyoda, who is also the chairman of Japan’s automakers association, is not happy with the Japanese government’s push towards electrification to achieve carbon neutrality.
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Japan has protested a South Korean court order that assets seized from Mitsubishi Heavy Industries be sold off to pay compensation to two women subjected to forced labor for the company during Japan’s occupation of the Korean peninsula.
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Suzuki is in process of thoroughly revamping its product lineup with the introduction of new generation models of Swift, Vitara, WagonR and Alto in 2022.
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Toyota Yaris has been discontinued in India due to poor sales
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