Car prices to further increase as PKR plunged drastically to approach an all-time low against the US dollar during the opening hours of the trading session on Thursday, the 2nd of March 2023.

The post Car Prices to Increase AGAIN as Rupee Plunged to a New Low first appeared on CarSpiritPK and is written by UsmanAnsari.

The National Assembly Standing Committee has directed the Ministry of Industry and Production (MoIP) to take strict measures to stop the monopoly of auto assemblers and middlemen to eliminate premium/ on-money in order to ensure the timely availability of vehicles at controlled prices.

The post MoIP Directed to Take Action Against Auto Assemblers first appeared on CarSpiritPK and is written by UsmanAnsari.

Delays in deliveries are a bad thing, both for customers as well as the assemblers. But who cares for reputation in an uncontrolled & disregarded market like ours where government and authorities nowhere seem to exist and customers are at the mercy of assemblers to be fleeced in whatever way possible.

The post Delivery Delays are Nothing Less Than a Blessing for Assemblers first appeared on CarSpiritPK and is written by UsmanAnsari.

Public Accounts Committee (PAC) was recently informed that Rs. 189 billion have been deposited by customers as advance payment to 10 car companies.

The post Local Assemblers Have Rs189 Billion as Advance Payments first appeared on CarSpiritPK and is written by UsmanAnsari.

The troubling times for import-dependent local auto industry continues as more assemblers will observe non-production days (NPDs) in July and August.

The post Auto Sector’s Woes Continue as More Assemblers to Observe NPDs first appeared on CarSpiritPK and is written by UsmanAnsari.

According to the CEO of Indus Motor Company (IMC) Ali Asghar Jamali, if car companies are allowed to charge full payment at the time of booking it would make the industry unattractive for investors.

The post 100% Booking Amount will End On-Money Culture- Says IMC Chief first appeared on CarSpiritPK and is written by UsmanAnsari.

Are newcomers really troubling the Big 3?

The post Are Big 3 Really in Trouble? first appeared on CarSpiritPK and is written by Guest.

The government has admitted that some car assemblers were selling vehicles at higher rates and were not delivering some variants …

The post Govt Admits Vehicles in Pakistan are Priced Higher with Delayed Deliveries first appeared on CarSpiritPK and is written by UsmanAnsari.