Automotive News

Are GAC New Cars Being Introduced In Pakistan?

Are GAC New Cars Being Introduced In Pakistan?

September 29, 2022 / By Zunair Tahir / Automotive News


SUPERPAK Engineering (pvt.) ltd. first hinted at GAC Motor, a new SUV producer in Pakistan, last year. Chinese state-owned automaker Guangzhou Automobile Group (GAC) manufactures and markets passenger automobiles in more than 120 nations.

A year ago, Mukhtar Ahmad. Ahmad said during the conversation that the business will introduce a Completely Built-Up (CBU) facility in Pakistan in November 2021. Ahmad further said that GAC will release a compact sedan and a compact crossover SUV in Pakistan in 2022.

ALSO READ: Pakistan Suzuki Unveils the Alto VXR AGS With ABS

Last year, the business started using social media to promote the GS3 subcompact crossover SUV. However, the business has been inactive on social media as well since May 2022.

According to credible market sources, All About Cars has found that SUPERPAK’s plans are presently in limbo as a result of the continued economic climate, local currency depreciation, tax rate increases, and import limitations from the State Bank of Pakistan for the automobile sector (SBP).

We made an attempt to get in touch with Ahmad to ask him about this news and are currently waiting for a response.

Launch Delays

Additionally, we just learnt that the introduction of the HR-V and Every Wagon, respectively, are being delayed by Honda Atlas Cars Limited (HACL) and Pak Suzuki Motor Company (PSMC). Both businesses made suggestions that their new products might debut at the Pakistan Auto Show (PAS) in 2022.

All automakers have postponed the introduction of new vehicles as a result of these issues. The insider also said that until the current upheaval ends, which might not be until Q2, 2023, auto-sector activity will stay subdued.

ALSO READ: Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

The following issues have developed since then:

  • Within the past two months, the US Dollar (USD) rate has twice achieved an all-time high.
  • Automobile manufacturers have reduced output as a result of the State Bank of Pakistan (SBP) banning imports.
  • The government has announced increases in tax rates for certain automobile classes.
  • Up to 20 percent has been added to car costs.
  • Vehicle sales have drastically decreased.

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Business News

GPCCI Calls For Lifting The Import Prohibition On Automobiles

GPCCI Calls For Lifting The Import Prohibition On Automobiles

August 10, 2022 / By Zunair Tahir / Business News


For a fresh GSP+ application, Pakistan needs German political and diplomatic backing

The German Pakistan Chamber of Commerce and Industry (GPCCI) has urged the Pakistani government to immediately reverse the import restriction on automobiles after warning that it might negatively affect impending GSP+ discussions with the European Union (EU).

Syed Nadeem Ali Kazmi, president of the German Pakistan Chamber of Commerce and Industry, wrote a letter to finance minister Miftah Ismail warning that the impending GSP+ negotiations with the EU may suffer as a result of the ban on imports of vehicles (CBU) from Germany.

German cars in CBU form are included in the list of imports that are prohibited by the coalition government.

READ MORE: UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

“We would like to draw your kind attention to the existential crisis that the top three German automakers in Pakistan, Audi, BMW, and Mercedes-Benz, are currently experiencing. This is because imports are now prohibited, he added.

Since 1951, Pakistan and Germany have had cordial and varied relations. 70 years have passed since diplomatic ties were first established, which was last year.

Audi, BMW, Mercedes-Benz, Siemens, BASF, Bayer, DHL, Metro Cash and Carry, KSB Pumps, and SAP are a few of the well-known German firms have offices in Pakistan.

Audi, BMW, Mercedes-Benz, Siemens, BASF, Bayer, DHL, Metro Cash and Carry, KSB Pumps, and SAP are just a few of the popular German corporations have offices in Pakistan.

One of the few nations with whom Pakistan enjoys a positive trade balance is Germany. In 2021, Pakistan exported $1.568 billion to Germany while importing $1.016 billion from that country.

“Since the EU’s present GSP+ program ends in 2023, Pakistan must reapply for the new GSP+ programme, which includes additional restrictions. In the past, Germany has been a fervent supporter of Pakistan and has argued for Pakistan’s application for GSP+ status inside the EU, according to him.

GPCCI efforts will make sure that both imports and exports of goods between Pakistan and Germany prosper. The trade surplus of exports from Pakistan to Germany (totaling $l.568 billion in 2021) has been boosted by the ongoing efforts of GPCCI.

Pakistan purchased fewer than 100 million euros’ worth of automobiles from Germany in 2022, while the total cost of imports for the fiscal year was $56.380 billion.

German partners seek to collaborate in a setting with consistent economic policies and a sustainable governance framework since Germany is a highly developed economy. According to him, this is the only way Pakistan can use its attractive geographic location for its German commercial partners.

The GPCCI demanded that the import restrictions placed on the automobile industry be immediately lifted. Due to the import ban, which is causing an ongoing crisis, these actions are forcing German automotive companies to leave the Pakistani market, which will have far-reaching negative effects such as rendering over 30,000 cars (Audi, BMW, and Mercedes-Benz) unserviceable and ending all German innovative technology transfer in terms of knowledge and skill sets required for the maintenance of these vehicles.

The GPCCI President asked the finance minister to take action right now to end the restriction. It is anticipated that the administrative procedures to put the formal orders into effect would take a few days.


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Car Price List

Prince Price List In Pakistan

2022 Prince Price List In Pakistan


2022 Prince Pearl Price In Pakistan

CAR VARIANTENGINEPRICE
Prince Pearl MT0.8LPKR 1,586,000 EST
CALL FOR ON ROAD PRICE

DETAIL SPECIFICATIONS

Prince Pearl MT800 cc/Manual/Petrol
Color OptionsAqua Green/Beige/Dark Brown
/Harvard Blue/Noble White/Rio Tomato
/Silver

2022 Prince K07 Price In Pakistan

CAR VARIANTENGINEPRICE
Prince K07 S1.0LPKR 2,039,000 EST

DETAIL SPECIFICATIONS

Prince K07 S1000 cc/Manual/Petrol
Color OptionsWhite/Silver

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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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