Car Price Comparison: June 2019 vs July 2022

When compared to prices from 3 years ago, June 2019 to be exact, renders a saddening situation of the economy as well as the import-dependent auto sector which is still in its infancy despite more than three decades of presence. Customers also blame that in the absence of any check & balance by the government, the impact of slightest of forex fluctuation is transferred by more than 100% on to the customers when assemblers claim to have achieved up to 70% localization.

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BYD Seal Witnesses 110,000 Units Sold in 1 Month in China

BYD launched the Seal EV as a direct competitor of Tesla Model 3 in China on 20th May 2022. Straight after its launch, the electric sedan witnessed overwhelming response with 22,637 units sold within just 6 hours of launch. Now according to Chinese media, the BYD Seal has clocked more than 110,000 units in just a single month.

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Toyota and Other Japanese Automakers to Research on Greener Fuels

Toyota, along with Subaru, Suzuki and Daihatsu, have partnered with ENEOS Corporation and Toyota Tsusho Corporation have initiated a joint project dubbed as the Research Association of Biomass Innovation for Next Generation Automobile Fuels (RABI) and as the name insinuates, the automakers believe there is still a future for fuel powered vehicles into the next generation.

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Auto Parts Makers Fear They Will Go Bankrupt

Pakistan’s auto parts manufacturers have said that they are facing the worst crisis in history as small units in the industry are going bankrupt because of the domino effect of currency depreciation, spiraling inflation, rising freight costs, escalating utility tariffs, mounting bank interest, skyrocketing material cost and working capital crunch.

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