Automotive News

For The Fourth Time In 2022, Pak Suzuki Have Raise Bike Prices

For The Fourth Time In 2022, Pak Suzuki Have Raise Bike Prices

August 3, 2022 / By Zunair Tahir / Automotive News


Following Atlas Honda and Yamaha, Pak Suzuki Motor Company (PSMC) has also raised the price of their motorbikes as a result of the devaluation of local currency.

This is the fourth price increase PSMC has announced for its motorcycles this year. The new ex-factory costs for PSMC bikes as of August 1 are as follows:

Suzuki’s GD 110S, GS 150, GS 150SE, and GR 150 all had starting prices of Rs. 199,000, Rs. 215,000, Rs. 232,000, and Rs. 315,000, respectively, at the beginning of 2022.

This indicates that costs have increased this year by up to Rs. 50,000. Last year, PSMC hiked bike costs four times. Suzuki bike costs increased by much to Rs. 28,000 between January and December 2021.

Two-wheelers are now out of the price range for the majority of purchasers due to the bike industry’s recurrent price increases over the past two years. The bike sector in particular need the government’s attention because of this problem.

People of Pakistan are facing serious economic crisis and the companies are increasing the prices of their bikes day by day and for the local people it is very difficult to afford a good bike now and if u assume that a private job person whose salary is around 40,000/: is not able to afford these Suzuki bikes in this price range he will be forced to buy used bike or that bike whose maintenance is low and parts are easily available in the market.


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MG 5 Launched In Pakistan l Honda & Toyota Killer Has Been Arrived l

MG 5 Launched In Pakistan l Honda & Toyota Killer Has Been Arrived

August 3, 2022 / By Mr. Ibrahim / Automotive News


After a very long monopoly in the auto industry in Pakistan, a new competitor is coming from MG (Morris Garage).  Back in the late 80s’ to till 2022 the most selling sedan cars belong only to Honda and Toyota with engine displacement from 1300cc to 2000cc.

Complete Review Video:

Honda and Toyota had also given hard time also to Nissan and Mitsubishi which also belong to  Japan. Now the time has changed and Morris Garage (MG) reveals its first sedan car name as MG-GT or MG-5 in Pakistan at the Pakistan automobiles exhibition at the Expo center Lahore. MG-GT or MG-5 is coming up with a 1500 turbocharged engine and 1500 naturally aspirated engine.

This car surely give a tough time in the Pakistan market, especially Honda civic turbo and Hyundai Elantra. MG-GT’s predecessors are Rover25 and MG-ZR.

If we move on to its exterior the front scarf looks empowering with a chrome-shrouded grille plunging towards the ground, and smooth valuable stone-cut LED headlights. The daytime running lights (DRLs) add a state-of-the-art beautiful touch to the front of the vehicle. The roofline leans the entire way to the back edge and meets the LED taillights.

The outside has other outstanding elements like Bi-capability projection headlights, front and back air wipers, follow-me-home headlights, back haze lights, and 16-inch combination wheels, to give some examples. Different highlights incorporate programmed sunset detecting headlights, power changes, and power-collapsing side mirrors as well as demisting back windows.


GALLERY:


The MG GT is encompassed by a magnificent surface with cowhide upholstery and has standard components of any vehicle in its affiliation. The most conspicuous component without much of any hesitation is the red trims on the entrances, headrests, and mid-control region limit box. The dashboard looks fiery with a diamond plan and a chrome supplement.

The electric sunroof looks great to beat all; it takes the first-rate feel to a totally different level. The four-seater vehicle has the decision of genuinely changing the driver and front seats in 4 headings. The MG GT goes with the part of the keyless segment and immobilizer.

It is in like manner stacked with security and driver-help components, for instance, a tire pressure noticing structure, back halting sensors, auto hold, 2 airbags, journey control, and essentially more. The vehicle moreover goes with Halting robotization (ABS), Electronic Brakeforce Flow (EBD), Cornering Brake Control (CBC), and Brake Help (BA) for better driving.


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Automotive News

Honda Will Launch HR-V In Pakistan Soon

Honda Will Launch HR-V In Pakistan Soon

July 30, 2022 / By Zunair Tahir / Automotive News


In the near future, Honda Atlas Cars Limited intends to introduce Pakistan to the brand-new HR-V. Without providing a specific debut date, the business announced “HR-V All New 2022 Coming Soon” on a digital banner at Pakistan Auto Show (PAS) 2022.

Last month, HACL started testing the HR-V in Pakistan, which excited auto fans. The 11th generation Honda Civic test vehicle was seen to be wrapped in the same camouflage as the SUV. Later updates made it clear that HACL had indeed imported the SUV for testing.


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2022 Honda Price List In Pakistan


HONDA HR-V DETAILS:

Early in 2021, Honda introduced the HR-V, also known as the Honda Vezel in Japan, to compete with crossovers like the Toyota C-HR, Corolla Cross, Mazda CX-5, Kia Sportage, Hyundai Tucson, and others.

It offers a variety of powertrains for different markets, including an electric hybrid option. A 360-degree camera, blind-spot monitoring, adaptive cruise control, lane keep assist, automated braking, traffic sign reading, lane departure warning, and other contemporary Honda Sensing technology are all included in the HR-V.

The SUV was listed as costing Rs. 6.05 million on the import invoice, which seems like a reasonable price. However, considering the continued local currency devaluation and increasing operating costs, the manufacturer is probably going to launch at a significantly higher price.


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Automotive News

At the Pakistan Auto Show 2022, Suzuki Displays New Models

At the Pakistan Auto Show 2022, Suzuki Displays New Models

July 30, 2022 / By Zunair Tahir / Automotive News


Motor Company Displays 7 New Models That May Be Launched In Near Future

Masafumi Harano San, managing director of Pak Suzuki Motor Company (PSMC), unveiled many sample products from PSMC in the SUV, MPV, small, and hatchback categories on Friday while addressing at the Pakistan Auto Show.

Our goal with regard to our consumers is to upgrade their lifestyle through our products and move them toward a premium offering. Masafumi Harano stated.

He emphasized the significance of Suzuki’s “consumer-as-boss” operational model moving ahead and expressed his belief that other industry participants will follow similar perspective.

The Potential Automobiles Are As Follows:
Suzuki Hustler (660 cc Mild Hybrid)
Suzuki WangonR Stingray (660cc Mild Hybrid)
Suzuki Xbee  (1000 cc turbo Mild Hybrid)
Suzuki WagonR (660cc Mild Hybrid)
Suzuki Every (660 cc)
Suzuki Ertiga (1500cc) 7-seater
XL7 – (1500 cc) 7-seater 

READ MORE: 2022 Suzuki Cars Price In Pakistan

Masafumi Harano’s thoughts were mirrored by PSMC Executive Officer (Marketing and Sales) Aamir Shaffi, who also emphasized the Suzuki Swift’s achievement, which he described as a “runaway success story.”

Shaffi declared, “Now that we’ve successfully entered the premium hatchback market, it’s time for us to transform the automotive landscape by stepping up into various categories and launching groundbreaking automobiles.


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Automotive News

At The Lahore Expo, The “Made in Pakistan” Vehicle Display Will Open On 29 July 2022

At The Lahore Expo, The “Made in Pakistan” Vehicle Display Will Open On 29 July 2022

July 27, 2022 / By Zunair Tahir / Automotive News


The Pakistan Auto Show was established to give our industry a stage from which to present Pakistan’s capabilities and promise to the outside world. The whole auto engineering sector is together under one roof for the three-day event.

High-ranking members of the government, local and foreign buyers and manufacturers, producers of machinery, suppliers of raw materials, service providers, and much more may all be found at the event.

The Pakistan Auto Show 2022 (PAPS-22), which will be held at the International Expo Centre in Lahore on the 29th, 30th, and 31st of July 2022 with the theme “MADE IN PAKISTAN,” is all ready to enchant auto enthusiasts and well-known automakers with the display of their inventions.

READ MORE: 2022 CAR PRICES IN PAKISTAN

This massive event, which interests the top auto-players in the auto industry, is organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers, an influential trade organization with more than 350 members.

As of right now, MG Motors, Indus Motor Company (IMC), Honda Atlas Cars Pakistan Limited (HACPL), Atlas Honda Ltd., (AHL), Al-Haj Automotive (Pvt) Ltd, Pak Suzuki Motor Company Limited (PSMC), and Chevron Pakistan Ltd. are the event’s well-known official sponsors.

Every year, more than 150,000 locals visit PAPS to view the renowned firms from Japan, Germany, Korea, China, France, Turkey, Thailand, Taiwan, England, USA, UAE, and Sri Lanka. Over 400 foreign guests, including 150 global buyers and delegations, also come to this thriving Auto Show.

Passenger Cars, Trucks, Buses, Tractors, Rickshaws, Motorcycles, Auto Parts Manufacturers, Services Providers, Machinery Makers, Toolmakers, Antique Cars, and Heavy Motorbikes are just a few of the diverse categories of exhibitors, in addition to related service sectors like accessories, tracking & insurance, etc.

“With the exponential rise of the auto and allied sectors in Pakistan, the local customers and foreign investors are exhibiting significant interest in the automotive sector,” said Mr. Abdur Razzaq Gauhar, chairman of PAPAAM. PAAPAM recognizes the potential for local industry to flourish and, keeping in mind consumer wants, offers a platform, Pakistan Auto Show, for companies to showcase their goods to the public and hold B2B and B2G meetings.

The largest auto industry show in the nation, the Pakistan Auto Show 2022 (PAPS-22), will be held at the Expo Centre in Lahore on the 29th, 30th, and 31st of July 2022. Over 350 big, medium, and small auto component businesses from across Pakistan are represented by the “Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM),” which has taken a commendable step.


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Automotive News

In Pakistan, Have Toyota’s Days Come To An End?

In Pakistan, Have Toyota’s Days Come To An End?

July 25, 2022 / By Zunair Tahir / Automotive News


Toyota Indus is said to be ceasing automobile manufacture in Pakistan and may be required to reimburse advance payments made for reserved vehicles.
Toyota has earlier said that the major cause of the production hiccup was the restrictions on the LC permission for CKD (completely knocked down units) imports from the State Bank of Pakistan. In June and July, the corporation also noticed two weeks of idle manufacturing, which delayed production.

READ MORE: 2022 CAR PRICES IN PAKISTAN

Due to challenges importing complete knockdown (CKD) kits and the sharp decline in the value of the local currency relative to the US Dollar, Toyota Indus Motor Company (IMC) is preparing to cease manufacturing in Pakistan for an extended period.

To deal with sluggish CKD imports, the business has previously established non-production days (NPDs). However, new rumor’s imply that Toyota IMC would suspend manufacturing for an extended period of time, however they do not specify how many days.

According to our sources, the corporation will formally reveal its production delay scenario the following week. Customers who are unable to wait for delayed delivery will also receive refunds for any advance payments they made on Toyota Indus vehicles. Toyota Indus may have to stop all manufacturing if the situation doesn’t improve.

The State Bank of Pakistan has limited the opening of Letters of Credit (LC) to a number of industries, including the automotive sector, as a result of the devaluation of the rupee on the global market. This has disrupted the manufacture of vehicles and delayed deliveries as a result.


We will give customers the option to avail a refund with the full interest. In case they choose not to opt for this (refund), they will have to wait at least 3 (more) months from the delivery month given on the Provisional Booking Order Form and (also) pay the price differential due to the exchange rate situation.


The business will probably soon make a formal announcement in this respect.

The predicament of Toyota IMC has given rise to rumours that suggest its time in Pakistan may be numbered.

READ More: Driving Tips for How to Save Petrol

An industry professional that ALL ABOUT CARS contacted said that these rumor’s are wholly untrue. He stated that the business intended to start anew shortly and clear the backlog of orders in the interim.

Despite not importing its CKDs directly from Japan, Toyota IMC’s car assembly operations have been hampered by the chip shortage and other logistical problems. As the carmaker continues to struggle in Pakistan and other nations, Toyota’s sales are anticipated to suffer greatly.


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Automotive News

Massive Price Increase For All Cars Offered by KIA Motors

Massive Price Increase For All Cars Offered by KIA Motors

July 20, 2022 / By Zunair Tahir / Automotive News


In the previous two years, Lucky Motor Corporation Limited (LMCL) was renowned for maintaining car costs. Unfortunately, the carmaker has been compelled to hike car pricing with other businesses due to the depreciation of local currency and rise in shipping expenses.

ALSO READ: Government Has Imposed 1% Capital Value Tax (CVT) On Cars Above 1300cc

The Sportage, Stonic, and Picanto pricing in Pakistan have all increased recently, according to a corporate notice. The following are the new pricing, which take effect right away:

VariantsOld Price (Rs.)Revised Price (Rs.)Increase (Rs.)
Picanto M/T2,600,0003,100,000500,000
Picanto A/T2,700,0003,200,000500,000
Sportage Alpha5,300,0006,250,000897,000
Sportage FWD5,858,0006,750,000892,000
Sportage AWD6,363,0007,250,000877,000
Stonic EX4,425,0004,545,00076,000
Stonic EX+4,725,0004,848,00076,000
Sorento 2.4 FWD6,904,3607,800,000895,000
Sorento 2.4 AWD7,573,9908,500,000926,000
Sorento V6 FWD7,573,9908,500,000926,000
Carnival11,499,00012,599,0001,100,000

Oddly, compared to the rest of the range, the price increases for the Kia Stonic are minimal.

The top-selling Kia vehicles now cost more thanks to a fourth price hike this year from LMCL. It may have also sparked a new round of price increases in the car sector, with more businesses issuing somber statements and blaming the depreciation of the Pakistani Rupee.


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Automotive News

Government Has Imposed 1% Capital Value Tax (CVT) On Cars Above 1300cc

Government Has Imposed 1% Capital Value Tax (CVT) On Cars Above 1300cc

July 6, 2022 / By Zunair Tahir / Automotive News



Beginning on July 1st, 2022, the government will apply a 1 percent Capital Value Tax (CVT) on all vehicles with engines larger than 1300 cc and battery packs larger than 50 kWh.

In an effort to include automobiles with relatively tiny yet turbocharged engines under the tax net, the government had earlier suggested a 2 percent CVT on vehicles with price tags exceeding PKR 5 Million, according to the details. Later, the plan was scaled back to a 1% CVT.

READ MORE: MG 3 Will Debut In Pakistan With Less Than 2 Million?

The Finance Act 2022–23, on the other hand, significantly alters how this new Capital Value Tax is portrayed. Then how?

CAR IMPACT OF CVT

  • Changan Alsvin
  • Toyota Yaris
  • Honda City (1.5L variants)
  • Toyota Corolla
  • Honda Civic
  • KIA Stonic
  • KIA Sportage
  • Hyundai Tucson
  • Proton X70
  • Chery Tiggo 4 Pro
  • Chery Tiggo 8 Pro
  • Changan Oshan X7
  • KIA Sorento
  • DFSK Glory 580 Pro
  • Hyundai Elantra
  • Hyundai Sonata
  • Haval Jolion
  • Haval H6

The tax requirements are now predicated on the engine displacement above 1300cc, and the price tag beyond PKR 5 Million is therefore wholly meaningless. Although FBR’s decrease of CVT from 2% to 1% was to the benefit of customers, these recent conditions mean that the impact on consumers will be considerably greater.

Although there has been a significant rise in the number of automobiles brought into the CVT tax net, the value of tax collection has undoubtedly decreased. Thus, the government benefits from this arrangement!


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Automotive News

From July 2022, More Price Increases Are Anticipated For Automobiles

From July 2022, More Price Increases Are Anticipated For Automobiles

July 5, 2022 / By Zunair Tahir / Automotive News



The price of everything is probably going to go up in the automotive industry.

The influence of Pakistan’s economy’s unprecedented period is being felt by the business community as a whole. The cost structure of import-dependent industries has significantly increased as a result of the massive devaluation of the Pakistani rupee against the US dollar over the past two months.

The automotive sector imports its CKD kits, so the devaluation has had a particularly negative impact on the sector. Due of this, major automakers are now thinking about raising prices.

READ MORE: 2022 CAR PRICES IN PAKISTAN

With the exception of Proton Pakistan, some of the main OEMs have already raised their pricing ahead of Eid. The Pakistani rupee, on the other hand, has lost more than 20% of its value versus the US dollar during the past two months.

Proton is the first OEM to announce their raised revised prices as a result, however only by 11 percent, which is far less than the actual impact. This is a positive move, and we wish that other OEMs who are also anticipated to raise their pricing in the upcoming week will do the same by refraining from transferring the whole cost rise onto the customers.

All car types, including hatchbacks, sedans, and SUVs, will see a price hike. Due to its higher value, the crossover SUV category would see the most impact. Due to our currency’s depreciation versus the US dollar, Korean SUVs may see price increases of up to 7.0 million Pakistani Rupee.

We can only hope that the economic situation returns to normal and stability, which is crucial to mending the business mood. This price hike will affect consumers and the industry hard, which might harm demand.

OEMs are not currently permitted to open LCs for the import of CKD Kits. However, this limitation will probably be removed once the IMF program resumes. As a result, if the PKR appreciation against the USD is sustained, the price of cars may stabilize.


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Automotive News

MG 3 Will Debut In Pakistan With Less Than 2 Million?

MG 3 Will Debut In Pakistan With Less Than 2 Million?

July 4, 2022 / By Zunair Tahir / Automotive News



The owner of Peshawar Zalmi and a significant shareholder in MG Motors in Pakistan, Javed Afridi, has once more hinted that the MG 3 may soon be released there. Javed Afridi released a video of the MG 3 and said that the launch of the car was nearing its conclusion in a Facebook post.

Since Mr. Afridi hinted that the MG3 hatchback would cost Rs. 2 million, it has been one of the most eagerly awaited automobiles to be released in Pakistan.

READ MORE: 2022 MG Price List In Pakistan

The MG3 hatchback will be among the three new locally produced vehicles that MG will introduce in Pakistan this year, according to Javed Afridi. However, in his most recent video broadcast on Facebook, Afridi reiterated that the MG3 will be priced around 2 million.

He adds that the MG3 is nearing completion, indicating that the car will soon be introduced to our market. The MG3 hatchback is seen in several angles during the 19-second short clip, but no technical information has been provided just yet.

Remember, this is Javed Afridi’s fourth conversation about how much this hatchback costs. In February 2021, he initially hinted the arrival of this automobile for less than Rs. 2 million, which created a lot of hype. But after a long period of silence, he finally provided another update and late this month once more asked for estimates of the MG 3’s price.

What do we currently know?

You should be aware that MG Pakistan has never publicly announced any update or probable launch date. Even then, we let you know that MG wouldn’t be carrying this car in its lineup. Javed Afridi looks to be transporting the automobile to the local used car lot, though.

Even though MG Pakistan produced the HS and ZS locally, not a single one has been sold. Although Afridi has tweeted footage of MG cars being put together, none of them have been delivered to dealers. The company’s past is therefore not in its favor. Additionally, analysts in the industry claim that MG still does not have a license to sell CKD cars because it has not satisfied the government’s requirements for Greenfield status.

MG3 SPECIFICATIONS:

The vehicle is offered on the global market in its second generation. Both a 5-speed manual and a 4-speed automatic transmission are available for its 1.5-liter engine. The automobile boasts a sleek appearance and a number of high-end amenities, including:

  • Cruise Control
  • 8″ touchscreen infotainment screen
  • Rear Parking Sensors
  • Six Airbags
  • Emergency Braking Assistance
  • Hill Hold Control
  • Tire Pressure Monitoring System (TYPS)

We will have to wait to find out whether Javed Afridi will be able to live up to the expectations or if the 2 million price was merely a ploy to get a lot of bookings followed by a significant price hike before delivery, which is seen as a regular formula for generating great cash in our market. Please share your thoughts on Javed Afridi’s most recent MG3 teaser by leaving a comment.


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