Pak Suzuki has announced the second price revision of the year which comes hardly two weeks after the first one was announced on the 24th of January 2023. Effective from the 9th of February, the latest increase see the prices of locally assembled Suzuki cars go up by up to Rs 350,000.
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In a notice sent to the Pakistan Stock Exchange (PSX), Pak Suzuki has announced that it will halt its assembly operations from 13th February to 17th February 2023, because of inventory shortage due to the import restrictions imposed by the State Bank of Pakistan (SBP).
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Master Changan Motors is the latest to announce a massive price increase across its locally assembled lineup. The revised prices are effective from 6th February 2023.
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Zeekr the premium electric brand under the Umbrella of Chinese auto giant Geely has just released the first official photos of the third product in its lineup after the 001 crossover and 009 luxury MPV. Instead of being called 003 as previously speculated, the vehicle will be called Zeekr X.
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For the second time within two weeks, Honda Atlas has increased the prices of its locally assembled cars in Pakistan by up to Rs. 550,000. The new prices are effective from 6th February 2023.
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Suzuki Alto is being traded for up to Rs 400,000 more than its actual price. Dealerships are asking Rs 2.8 million for ready delivery and with a market where 90% of cars are sold against on-money/ premium, this scenario is no exception.
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In a joint letter, the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) informed State Bank of Pakistan Governor Jameel Ahmed that the industry was facing extinction as all supply lines of imported parts and accessories and tooling are completely chocked due to SBP’s restrictions and lack of cooperation from banks.
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Consul General of Germany, Dr Rüdiger Lotz visited Premier Motors Ltd’s (PML) CKD manufacturing plant for Volkswagen AG vehicles, which has been under construction in Hub, Balochistan.
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Chinese auto giant Chery has released official photos of the Jetour T-1 off-road SUV as it begins conducting extensive winter testing in China.
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Toyota’s Chief Scientist Gill Pratt says that the best approach for a sustainable future is a multipronged one, blending EVs with hybrids and other green technologies, and not a full-on commitment to battery-powered cars only.
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