No Demand for Cars Despite Ease in Lockdowns
The opening of authorized car showrooms from Monday after easing of COVID-19 lockdowns has not generated any fresh booking of locally-assembled cars
No Demand for Cars Despite Ease in Lockdowns Read MorePakistan's Trusted Automobile Blog
The opening of authorized car showrooms from Monday after easing of COVID-19 lockdowns has not generated any fresh booking of locally-assembled cars
No Demand for Cars Despite Ease in Lockdowns Read MoreThe government is planning to reduce some duties & taxes in the upcoming Financial Budget 2020-21 which means any cut in duties & taxes will force automakers to bring down prices after the budget is announced, which is exactly why assemblers have already announced a superfluous price increase so as to avoid any price cuts in post-budget scenario
Assemblers Shrewd Enough to Increase Prices Ahead of Budget FY20-21 Read MoreCar sales which were already suffering from a 47% decline prior to coronavirus pandemic, witnessed worst-ever month with zero sales recorded in in April 2020 due to lockdowns
Zero Sales Recorded in April 2020 Due to COVID-19 Lockdowns Read MoreFollowing the prices hikes by Toyota and Honda, Hyundai-Nishat has now increased the prices of its only locally assembled product– the Porter H-100 commercial pickup.
Hyundai-Nishat Increases Porter H-100 Prices Read MoreCareem that was acquired by Uber last year is laying off 536 of its employees which make up 31% of its workforce.
Careem Lays Off 31% of its Workforce Read MoreThe Federal Board of Revenue (FBR) has recently detected a fraud worth millions of rupees in which car dealers were found involved in registering vehicles by misusing the computerized national identity cards (CNICs).
Misuse of CNICs: FBR Uncovers Scam worth Billions in Auto Industry Read MoreHonda Atlas has announced to increase the prices of all of its local assembled products by up to Rs 120,000 effective from the 5th of May 2020.
Honda Car Prices Increased by Up to Rs 120,000 Read MoreAuto vendors have warned that they would lay off 20% workers besides not paying April and May salaries to the employees in case assembling of vehicles in the country continues to remain shut for more months.
Auto Vendors Warn Layoffs and Salary Cuts Amid COVID-19 Lockdowns Read MoreThe government has slashed petrol prices for the month of May 2020 owing to sharp decline in crude oil prices in the international market.
Government Slashes Petrol Price by Rs 15 per Liter Read MoreThe Oil and Gas Regulatory Authority (OGRA) has recommended up to Rs 44.07 per liter reduction in the price of major petroleum products for the month of May to share the benefit of reduced international prices with the consumers.
OGRA Proposes Slashing Fuel Prices by Up to Rs 44 per Liter Read More