Automotive News

Mini budget ! how much tax on cars?

Mini budget ! how much tax on cars?

December 31, 2021 / By Zunair Tahir / News Pakistan

The Finance Supplementary Bill (Mini Budget) to be introduced in the National Assembly has been approved by the Federal Government.

The government has proposed the following for locally assembled cars:

  • Federal Excuse Duty (FED) on locally assembled cars up to 1000cc to remain 0%
  •  FED increase to 5% from 2.5% on 1001cc to 2000cc cars.
  • FED on cars above 2000cc increase to 10% from 5%

Meanwhile, the FED on CBU cars is as follows:

  • FED on cars up to 1000cc will remain 0%.
  •  FED on cars of 1001cc to 1799cc will increased to 10% from 5%
  • FED on 1800cc to 3000cc cars will increase to 30% from 25%
  • FED on cars above 3000cc increased to 40% from 30%

New taxes have been imposed on vehicles in the mini-budget. The federal government has proposed to impose a tax of Rs 100,000 on vehicles up to 1,000 cc in the mini-budget.

In the mini budget, tax exemptions on various services in Islamabad have been abolished, including the auto industry.
It is proposed to impose 5% tax on cars, automobiles and dealers. Rs. 200,000 for vehicles over 1,000 cc and Rs. 400,000 for vehicles over 2,000 cc.

He said that computers, sewing machines, iodized salt and red pepper would be taxed and the common man would be affected by the tax on a few items including salt and pepper.
Shaukat Tareen said that the tax exemption of Rs. 343 billion has been revised in the bill, the people will not be burdened with taxes. Will grow

It should be noted that during the first five months of the current financial year, car sales in the country have increased by 61%.

According to the Pakistan Automobile Manufacturing Association (PAMA), a representative body of car manufacturers in the country, car sales have increased by 61% in the first five months of the current financial year.

During the first five months of the current financial year (July-November), 90,303 new cars were sold across the country, compared to 55,779 in the same period last year. Thus, the growth rate of car sales has been more than 61%.


Automotive News

“Toyota Supra A91-CF” Makes A Big Debut.

“Toyota Supra A91-CF” Makes A Big Debut.

December 30, 2021 / By Zunair Tahir / News Pakistan

Explosive entry of “Toyota Supra A91-CF”, what new features introduced?

Toyota Motor Corporation Japan has launched a carbon fiber edition of its most popular sports car, the Toyota Supra A91-CF. Car is based on BMW Plat form and its mostly made of carbon fiber which is more stronger than steel and Aluminum.

The reborn generation car “Toyota Supra” was first introduced in 2020 but now with the latest changes its latest model 2022 has been launched. Named the “Toyota Supra A91-CF”, CF refers to carbon fiber. Surprisingly, the latest car, the Toyota Supra A91-CF, has only 600 users from North America. Will be able to get this special version of the Toyota Supra A91-CF.

The Toyota Supra was featured in the latest sequel to the movie Fast & Furious, after which it gained immense popularity and has millions of fans all over the world. Made from carbon fiber. The interior of the car has a red and black color theme while the color of carbon fiber is also prominent in it. The 9-inch alloy wheels are also in matte black color, so the sports look of the car is prominent.

Engine Spec

The Toyota Supra A91-CF has BMW’s 3.0 liter turbocharged 16 engine, a 382 horsepower engine capable of producing 365 pounds of torque. Toyota Supra’s typical 2.0-liter turbocharged 14 engine capable of producing 255 horsepower and 295 lb-ft of torque will continue production.

Price Tag

Rear wheel drive “Toyota Supra A91-CF” is available with eight automatic gears. While the full screen display is only compatible with Apple Car Play, Android Auto will not be able to run on it. Cool and heated seats are also an added convenience. With a base price of “Toyota Supra A91-CF” the delivery cost is US 10 1025 while the company can charge a maximum of US 64305. The minimum price of different models of Toyota Supra is 44315 USD.


Automotive News

Alert for New Car Buyers ! Excise Department has Made an Important Decision

Alert for New Car Buyers ! Excise Department has Made an Important Decision

December 30, 2021 / By Zunair Tahir / News Pakistan

Within 15 days of purchase of the new car of any type the Excise Department took a major decision regarding those who did not register the vehicle within 15 days of the purchase.

According to the details, thousands of vehicles across the province including Lahore are not registered even after several months of purchase due to which the excise department is facing loss. Those who do not register will have to pay Double Token Tax.


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Earlier, those who did not register on time are also being fined Rs 5,000. Due to unregistered vehicles, the people are not taking the fine serious the department has to bear loss of crores annually and are facing loss. Timely registration will increase the excise revenue. Others, including taxes, lose money

The purpose of doubling the token tax is timely registration. Due to unregistered vehicles, there are revenue as well as security concerns as it is difficult to trace a vehicle without number plates involved in crime.

And the crime is increasing day by day and usually the robbers uses the cars that are not registered and cannot be detect on security cameras and crime is increasing day by day so strict decision need to be taken by the excise department.


Automotive News

The Spectacular Arrival of Oshan-X7 Plus SUV

The Spectacular Arrival of Oshan-X7 Plus SUV

December 29, 2021 / By Zunair Tahir / News Pakistan

In Pakistan, Master Changan will introduce the Oshan X7 Plus SUV.

Oshan X7 Plus’s explosive entry against “Fortune” and “Sorrento”

Compared to Oshan X7, “Oshan X7 Plus” looks like a bigger and more powerful vehicle. Right hand drive vehicles will also be manufactured and sold in Pakistan.

Last month, Master Changan Motors Limited (MCML) released several designs of an SUV without revealing its name. However, it became clear that the firm is planning to introduce a new SUV. Finally, the Oshan X7 Plus, the company’s latest product, has been revealed.


Gallery


The Oshan X7 Plus appears to be a more substantial version of the Oshan X7. This SUV will compete with the Toyota Fortuner and the Kia Sorento 3rd Generation due to its overall attractiveness and size.

Pakistan will be the first market outside of China to receive the Oshan X7 Plus, according to the manufacturer. Master Changan also intends to export the RHD version of this SUV from Pakistan to other foreign markets.

The SUV will most likely be available in 5- and 7-seat configurations. It will be powered by a 1.5-liter turbocharged engine from Changan’s newest blue whale series, which generates 178 horsepower and 300 Nm torque and can accelerate from 0 to 100 kilometers per hour in 8.23 seconds.


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Changan also boasts that this beefed-up SUV would have an incredible 14 kilometres per litre in fuel economy. This is comparable to the average fuel consumption of other basic sedans. Other cars being tested by the business include the Hunter double cabin and the UNI-T crossover, both of which are expected to be released in the near future.

The pricing of the Changan Oshan X7 Plus, however, has yet to be revealed. Given its cutting-edge style and features, it’s safe to assume that this SUV will come with a premium price tag.

With a slew of new SUVs set to hit the market in 2021, Pakistan’s SUV market is booming. It would be interesting to see how Changan’s new product does in Pakistan.


Automotive News

Pakistan is Adopting a new law that will Soon Make Cars Without Airbags Illegal.

Pakistan is Adopting a new law that will Soon Make Cars Without Airbags Illegal.

December 28, 2021 / By Zunair Tahir / News Pakistan

The most popular automobiles in Pakistan lack a key safety feature: Airbags.

The federal cabinet has approved the Automotive Industry Development and Export Plan (AIDEP) 2021-2026, which would safeguard Pakistan’s automotive industry’s safety and development.

From June 30, 2022, all automobiles must comply with the WP.29 set of safety rules, or car manufactures will be prohibited from selling them.

Honda’s best-selling car, the City, lacks the safety function. The top-of-the-line vehicle costs Rs2.86 million. Honda comes in third place in terms of vehicle sales, after only Suzuki and Toyota.

The Changan Karvaan minivan, which is in the same category as the APV, does not have airbags.

The Engineering Development Board, the auto industry’s governing organization, was ordered by the Lahore High Court in February to guarantee that vehicle producers manufacture automobiles with airbags.

Automobiles that are deficient in basic safety features:

  • Suzuki Cultus (VXR)
  • Suzuki Alto (VX)
  • Suzuki Ravi
  • Suzuki Wagon R (VXR)
  • Suzuki Wagon R (VXL)
  • Suzuki Bolan
  • Changan Karvaan
  • United Alpha
  • United Bravo

Why are airbags important?

Airbags are meant to reduce the severity of an accident. According to research, those without airbags are more likely to suffer serious injuries. This is why they are regarded as a significant characteristic all over the world.

Airbags, on the other hand, are most effective when used in conjunction with seat belts.

It remains to be seen if automakers will adhere to these safety criteria in future models, given the considerably larger risks. However, it may take some time for firms to properly apply these restrictions, but it is unquestionably a positive move.

The group, which represents automobile makers known as OEMs (original equipment manufacturers), has been given until March 10 to submit its proposal, according to Ayaz.

According to him, the EDB’s safety feature suggestions would be accepted in the future budget. Following that, automobile firms will be given notice to execute them, including the installation of airbags.

According to reports, PAMA Chairperson Ali Asghar Jamali believes that installing airbags in automobiles will raise car costs in the nation. Jamali is also the President and Chief Executive Officer of IMC Toyota.


Automotive News

Great News for Pakistani Car Enthusiasts

Great News for Pakistani Car Enthusiasts

December 27, 2021 / By Zunair Tahir / News Pakistan

Lahore: Pak Suzuki Motors has started preparations to introduce new Suzuki Swift in the local market.

The carmaker had shut down the third generation Swift after selling it for more than a decade, after which it plans to launch the fourth generation car in the Pakistani market next year.

Now, according to the details, the fourth generation Swift is finally expected to appear in the Pakistani market in the second half of 2022. According to the report, the fourth generation Swift is expected to have a 1.2 liter engine and the price of the car in the local market will be between 2.5 million to 2.8 million.


It is worth mentioning here that the new Swift that is being promoted in Pakistan was launched in the rest of the world in the 4th generation hatchback Swift 2016 and it has disappeared from the international market this year. It has been criticized that Pak Suzuki has once again managed to maintain its tradition of launching internationally retired models in Pakistan.

Their is a lot of need of small hatchback cars to be launched in Pakistan many big cars manufacture that are producing cars in Pakistan a lot of them have their focus on the SUV Category and other on 4 door saloons but less cars manufacture focus on the small cars.


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New car brands like Changan, Kia, DFSK like these brands all of them mainly focus on hatchback because these cars take a lot of abuse and they are mostly daily driven on roads rough roads small areas so car brands think a lot less of these kind of people.

Lets see the Year 2022 have stored for us and hope that the new year gives good vibes and Pakistan Car Industry will get success and a lot of people car fulfill their dreams.


Automotive News

New Auto Policy, Concessions on Electric and Hybrid Vehicles Announced

New Auto Policy, Concessions on Electric and Hybrid Vehicles Announced

December 23, 2021 / By Zunair Tahir / News Pakistan

The federal government has decided to provide incentives on manufacturing and import of electric, hybrid vehicles and electric motorcycles under the new five-year auto policy.

In this regard, various types of taxes have been waived and after June 30, 2022, there will be restrictions on non-compliance with safety standards.

There will be customs duty. The sales tax on hybrid electric vehicles will be reduced by 8.5% and the regulatory duty on imports of hybrid CBUs will be reduced.

Under the auto policy, the regulatory duty on hybrid vehicles above 1800 cc will be reduced by 15% while the regulatory duty on hybrid vehicles below 1800 cc will be reduced to zero.
Under the auto policy, strict decisions have been taken to ensure safety measures. It has been decided to ban the import of vehicles for non-compliance with safety standards. It has also decided to ban the manufacture of local vehicles for non-compliance with safety standards.
After June 30, 2022, there will be restrictions on non-compliance with safety standards.


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Automotive News

When Will MG ZS Electric Car Launched in Pakistan

When Will MG ZS Electric Car Launched in Pakistan

December 23, 2021 / By Zunair Tahir / News Pakistan

As we have heard news coming from the MG Pakistan that MG ZS EV will be launched in Pakistan and we have also seen the Photo shared by the Chairman of the MG Motors Pakistan Javed Afridi on Twitter with the MG ZS EV in very appealing color and Design of the Car.

A new wave of excitement ran through the hearts of consumers of the People of the Pakistan as they see the photo of the New MG ZS EV shared by the Chairman of the MG Motors Pakistan Javed Afridi on Twitter.

As we have seen the Twitter post by the Javed Afridi he Twitted that the Future is EV that is very thoughtful by the Chairman and this thought is going all over the world and the people are going from Petrol, Diesel to Electrical Vehicle(EV) as we all have seen the trend.

In the caption of the photo, Javed Afridi wrote that the future belongs to electric vehicles. It is to be mentioned that various predictions are being made by MG regarding the arrival of ZS Electric in Pakistan but no final date has been fixed yet.


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MG ZS EV SPEC

The MG ZS EV is a sophisticated electric vehicle available at 44.5 kWh with a Hour’s water-cooled lithium-ion battery that is capable of producing 353 Nm of torque with 105 kWh of power. With a single charge, this vehicle will be able to cover a distance of 320 km.

MG ZS EV has Soft leather cool heated seats, 8-inch touch screen, 6 speakers with sound audio that can be adjusted with Apple Car Play and End Ride Auto. Multimedia steering control and 17-inch alloy wheels in Dutch classic windmill style. Panoramic sunroof with transparent glass and also removes completely. But the Official specifications that will be launched in Pakistan will be revealed later and a small amount of cars will be launched in Pakistan that will be bring form aboard as a full assembled units.


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Great News for Small Car Buyers In Pakistan

Great News for Small Car Buyers In Pakistan

December 22, 2021 / By Zunair Tahir / News Pakistan

New Auto Policy will be presented in federal cabinet today for approval.

According to the Official news the new auto policy will be presented in federal cabinet today for the approval there are many chances that the new policy will get approved

According to new Policy it Includes proposal for tax exemption on vehicles up to 850 cc, and the additional custom duty may also be removed that is very good news for small car buyers because in Pakistan and the Covid-19 conditions are going on people are disappointed and lack of jobs and
people are in very pain and it will be great relief for the people and good news for the people of Pakistan
.


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It is proposed to abolish excise duty on locally manufactured vehicles and also to abolish withholding tax on small vehicles. It will also be proposed to apply tax exemption on small imported vehicles.

Under the new auto policy, the export target for vehicles will be set with a proposal to revise the tax exemption on imported vehicles every year.

Car manufacturers will be given a target of 10% exports by 2026, according to which car companies will export 2% of vehicles next year, while in 2024 4% and in 2025, 7% of vehicles will be targeted.

Measures to increase exports of vehicles and spare parts are also proposed, under which the Ministry of Commerce will be entrusted with the responsibility of negotiating with foreign countries, and tax incentives for exports of vehicles and spare parts will also be proposed.


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The Kia EV6 Smashes the Tesla Model S to set a New Guinness World Record

The Kia EV6 Smashes the Tesla Model S to set a New Guinness World Record

December 21, 2021 / By Zunair Tahir / News Pakistan

  • The Kia EV6 beat the previous world record of more than five hours established by the Tesla Model S for the fastest charging time to cross the United States in an electric vehicle.

The Guinness Book of World Records has accepted Kia’s all-new 2022 EV6 electric automobile. The EV6 set a new record for the fastest charging time to traverse the United States, completing a distance of 4,635 kilometres between New York and Los Angeles on the east coast and Los Angeles on the west coast.

The 2022 Kia EV6 crossover completed the race in seven days. During the whole voyage, the electric car was plugged in for only 7 hours, 10 minutes, and 1 second, the least time any electric car has ever used to cover the full length of the country, crossing the Atlantic and Pacific coasts.


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The Kia EV6 beat the previous world record of more than five hours established by the Tesla Model S for the quickest charging time to cross the United States in an electric vehicle. The previous high-water mark was set six years ago. The Tesla Model S electric vehicle took 12 hours, 48 minutes, and 19 seconds to charge for its journey.

Early next year, the 2022 Kia EV6 electric crossover will join showrooms. It is the first model to be released as part of Hyundai’s Plan S goal to electrify its entire fleet. It’s also Kia’s first entirely electric car built on its Electric-Global Modular Platform in the world (E-GMP).

The electric SUV can be charged at 400 volts or 800 volts and has a range of up to 510 kilometres on a single charge. If connected to a fast charger, the EV6 can add 112 kilometres of range in five minutes and more than 330 kilometres in around 18 minutes, according to Kia.


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