Auto Sector Expects Rollercoaster Fiscal Year 2022-23 Ahead
The upcoming fiscal year 2022-23 is also expected to give the local auto industry some severe ups & downs.
Auto Sector Expects Rollercoaster Fiscal Year 2022-23 Ahead Read MoreTag: Car prices
Demand of Small Cars to Increase as Fuel Prices Reach Record High
The massive increase in fuel prices will also impact the buying trends of masses into opting for new automobiles.
Demand of Small Cars to Increase as Fuel Prices Reach Record High Read More
Can’t Even Avail Auto Financing, Who’s Buying All These Cars?
Most people can’t even afford to buy new cars even through bank financing. The estimated monthly installments were already mind boggling, however it looks as if even most of the white collar people are finding it hard to avail the financing.
Can’t Even Avail Auto Financing, Who’s Buying All These Cars? Read More
Assemblers Anticipates up to 30% Decline in Car Sales
Local auto industry representatives already anticipates up to 30% decline in sales in coming months with no recovery in sight considering the ongoing economic & political situation of the country.
Assemblers Anticipates up to 30% Decline in Car Sales Read More
Government Considering to Reduce Taxes to Alleviate Price Hikes
To alleviate the price hikes, the Ministry of Industries and Production (MoIP) has proposed tax reductions to be implemented in the upcoming financial budget for FY22-23.
Government Considering to Reduce Taxes to Alleviate Price Hikes Read More
Govt Mulls Initiating Regulatory Action Against Local Automakers
The super-frequent increase in prices of local assembled cars has finally irked the government. The auto industry regulator Engineering Development Board (EDB) has sent a notice to auto assemblers, asking them to share their cost structure, and justify price increase in a meeting scheduled to take place on 10th May 2022.
Govt Mulls Initiating Regulatory Action Against Local Automakers Read More
PAMA Says Government Cannot Fix Car Prices
Pakistan Automotive Manufacturers Association (PAMA) has called out the government for demanding to rationalize car prices and said the country had a free market, and it was the market that decided prices, not the state.
PAMA Says Government Cannot Fix Car Prices Read More
Govt Asks Automakers to Justify Price Hikes
Ministry of Industries and Production has informed the Public Accounts Committee (PAC) in a briefing that a monitoring committee has sought an explanation from automakers for frequently increasing car prices.
Govt Asks Automakers to Justify Price Hikes Read More
Used Cars in Sri Lanka are Now More Expensive Than a House
Used cars in Sri Lanka are now even more expensive than a house
Used Cars in Sri Lanka are Now More Expensive Than a House Read More
Car Prices to Increase Again Amid Supplementary Finance Bill
The Supplementary Finance Bill which proposes increased taxes and duties mainly on the auto sector will likely increase the prices of cars in Pakistan
Car Prices to Increase Again Amid Supplementary Finance Bill Read More