Local Assembled Archives - Page 11 Of 43

Honda showcase CR V and Accord facelift in Thailand 6 1

7th Gen Honda City Becomes 3 Years Old

November 27, 2022November 27, 2022 - by UsmanAnsari - Leave a Comment

The 7th generation Honda City sedan which made its world debut in Thailand on the 25th of November 2019 has completed 3 years of its global lifespan.

Corolla Still Leads Despite Being Almost a Decade Old

November 25, 2022 - by UsmanAnsari - 2 Comments.

Despite almost a decade of presence in our market, the 11th gen Toyota Corolla still leads the sales chart and can be called an undisputed king of the sedan segment.

Car Sales Reduced by 36% YoY in October- Cut to Half in 4M-FY23

November 12, 2022November 13, 2022 - by UsmanAnsari - 1 Comment

Sales of new local assembled passenger cars in Pakistan declined by 36% YoY in October 2022 at 11,129 units down from 17,413 units sold in October 2021.

Escrow System in Car Purchasing is the Need of the Day

October 31, 2022October 31, 2022 - by UsmanAnsari - 2 Comments.

If the government authorities are serious to benefit the end consumers, they can consider introducing the ‘escrow’ mechanism which will make the booking procedure of new cars much more transparent.

500% More Taxes on Imported Cars to Protect the Local Assemblers

October 25, 2022January 17, 2023 - by UsmanAnsari - Leave a Comment

In startling revelations, the government has imposed up to 500% more taxes on imported cars to protect the local car assemblers from foreign competition. In return, however, the assemblers have passed on the agony by overcharging consumers and delaying deliveries for up to one year.

Anticipation of 1 Million Units & the Sudden Brake

October 18, 2022April 18, 2023 - by UsmanAnsari - 3 Comments.

Not so long ago, Pakistan was planning to enhance its annual automobile production from the existing 250,000 units to about 1 million units over the next 5 years. But even before the flight to achieve that dream could take off, the local auto industry was hit hard by the recent import restrictions by the State Bank which badly exposed the high localization claims made by the local assemblers. Even the production of decade-old vehicles has been hampered due to lack of sufficient localization achieved during all these years.

Almost a Dozen Affordable Cars in South Africa Vs Just 1 in Pakistan

October 15, 2022October 15, 2022 - by UsmanAnsari - 4 Comments.

There are almost a dozen affordable cars in South Africa (priced below ZAR 200,000 or PKR 24.0 lac) versus just 1 mass-produced option in Pakistan

Sales of Local Assembled Cars Crash Amid Escalating Prices

October 13, 2022 - by UsmanAnsari - 4 Comments.

Sales of locally assembled cars including those reported by companies that aren’t members of the Pakistan Automotive Manufacturers Association (PAMA), dropped by 51% on a year-on-year basis amid escalating prices, expensive auto financing, and low purchasing power of consumers.