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Automotive News

PEUGEOT Officially Launches Operations in Pakistan

PEUGEOT Officially Launches Operations in Pakistan

March 3, 2022 / By Maaz Abbasi / News Pakistan

PEUGEOT Officially Launches Operations in Pakistan

PEUGEOT begins operations in Pakistan for the first time through its exclusive partner Lucky Motor Corporation.

In order to enhance employment, localization, and the local automotive sector in Pakistan, a partnership to support the establishment of state-of-the-art assembly facilities is being formed.
The release of the locally made PEUGEOT 2008 will be the first stage in the relationship.

Peugeot Launching Ceremony Video



Karachi, 12 March: With its exclusive partner Lucky Motor Corporation, the European vehicle manufacturer PEUGEOT has officially commenced operations in Pakistan for the first time in its illustrious history. The collaboration began with the opening of eight 3S stores in six cities, as well as a state-of-the-art automobile assembly plant in Pakistan.

Lucky Motor Corporation is a subsidiary of the Younis Brothers Group, with a five-decade history of earning significant market share in the Pakistani automobile sector and setting new standards in terms of product offering and customer service. With the launch of PEUGEOT, the firm now aspires to give the greatest mobility options that a European brand can supply to its clients.

For over 211 years, PEUGEOT has been a pioneer in the automobile industry, guided by its brand values of Allure, Emotion, and Excellence, which reflect crisp design, intuitive driving enjoyment, and uncompromising quality. These ideals will be preserved as the brand tries to supply the market with the newest technologies and mobility solutions with its debut into Pakistan.

“We are happy with this cooperation and what it represents for the Pakistani market,” said Linda Jackson, CEO of the PEUGEOT Brand. This will be the first time a European automobile is produced in Pakistan, and we’re looking forward to collaborating with Lucky Motors to help the country’s automotive sector grow. PEUGEOT is focusing on internationalization, with the B and C segment SUV growth being a significant potential for us. This is also supported by the country’s evolving policy toward electrification, which aligns with our own approach.”


Gallery


“We are pleased to begin on this adventure in Pakistan with our new partner, Lucky Motor Corporation,” said Samir Cherfan, Chief Operating Officer, Middle East & Africa Region, Stellantis. PEUGEOT has a lot of promise and opportunity in Pakistan, and we’re excited to serve clients in this dynamic market. I’d want to take this opportunity to congratulate Mr. Muhammad Ali Tabba and Mr. Asif Rizvi for making this cooperation possible, and I’m excited to see both parties’ rise in the country.”

“Lucky Motors is ready to transform the automotive landscape of Pakistan by bringing Peugeot, the first domestically built European brand in the nation,” stated Asif Rizvi, Chief Executive Officer of Lucky Motors Company. We’re thrilled to be working with Peugeot, and we’re looking forward to being linked with Stellantis, a company that firmly believes in innovative mobility solutions.

Pakistan, with its 220 million people, presents a fantastic potential for someone to enter the industry and disrupt it. And there’s little question that Stellantis, with its 14-brand portfolio, will be the one to achieve it. Lucky Motors is pleased to be the first firm in Pakistan to manufacture and sell many brands. We are excited to begin on this journey, providing the greatest automotive solutions to Pakistan while simultaneously making significant contributions and investments to help the country’s economic and social growth.”


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Peugeot Cars Price List In Pakistan


The release of the PEUGEOT 2008 will be the first stage in this continued commitment to the Pakistani client. With its distinctive appearance, superior technology, and economical powertrains, the acclaimed 2008 has been a success story for the brand from its conception and distinguishes out in the compact SUV sector. It also has The PEUGEOT i-Cockpit, which has a thrilling interior design as well as a cutting-edge digital cluster and touchscreen to enhance any driving experience. The 2008 is the ideal model for Pakistani families, with 26 international awards, including the Red Dot Design Award, and a high perceived quality and value.

The e-2008 will be the next model to be released, and due to the Multi Energy Platform CMP, consumers will be able to select between a 100% electric and a thermic version. Lucky Motors Corporation will construct a variety of models locally at state-of-the-art facilities, with help from PEUGEOT, and is now investigating prospects to market numerous models by early next year.


To find out more about PEUGEOT’s operations in Pakistan, please visit:

www.peugeot-luckymotorcorp.com


READ MORE NEWS…

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Automotive News

Impact of Budget On Auto Sector 2021-22

Impact of Budget On Auto Sector 2021-22

The budget for 2021-22 has been revealed, revealing a number of anticipated policy changes. There has been speculation regarding the changes that are expected in the new auto policy, since it has been widely reported that local vehicle prices may finally stabilize.

The government has announced that the Federal Excise Duty (FED) on domestically built cars with an engine displacement of 850cc or less has been eliminated. Prior to the development, the duty rate was 2.5 percent. Federal Finance Minister Shaukat Tareen also stated during the session that the sales tax on the aforementioned sector of automobiles has been reduced from 17 percent to 12.5 percent, resulting in a 4.5 percent reduction in tax rates.

Under these 03 programmed, old and secondhand Asian-made vehicles can be imported against payment of the following amounts:

S.No.Vehicles of Asian Makes meant for transportation of personsDuty and Taxes in US$ or equivalent amount in Pak
01.Upto 800 ccUS$ 4,800
02.801cc to 1000ccUS$6,000
03.From 1001 cc to 1300ccUS$13,200
04.From 1301cc to 1500ccUS$18,590
05.From 1501cc to 1600ccUS$22,550
06.From 1601cc to 1800cc (Excluding Jeeps)US$27,940

According to reports, HM Shehzad, Chairman of the All Pakistan Motor Dealers Association (APDMA), recently recommended that the government make modifications to the new car policy that would be adopted when the 2021-22 budget is presented.

Electric vehicles:

Electric car imports would be free from VAT, but domestically made electric vehicles will be subject to a 1% sales tax.
The government would also levy a “on money” tax on automobiles that are sold without being registered. “On money” or premium refers to a procedure in which anxious customers with extra funds pay a premium to vehicle dealers in exchange for immediate delivery rather than waiting months.

Tarin proposed measures for electric vehicles during his budget address, saying that the government was supporting the usage and manufacture of electric vehicles to reduce reliance on gasoline, offer inexpensive transportation to the general people, and minimise environmental effect. To achieve these aims, substantial tax relief measures for electric cars were proposed, including a tax exemption on the import of fully knocked down (CKD) kits for local electric vehicle production.

In addition, the sales tax on domestically made electric vehicles was reduced from 17 percent to 1 percent, while the value added tax on imported electric vehicles was eliminated. Electric cars will also be exempt from federal excise taxes. Hanif emphasized that tax breaks and exemptions for electric cars will help to create a more fuel-efficient and environmentally friendly economy.


Automotive News

Toyota has Grabbed the Most Prestigious Award from General Motors 90 years later.

Toyota has Grabbed the Most Prestigious Award from General Motors 90 years later.

January 6, 2022 / By Zunair Tahir / News Global

Ninety years later, the Japanese carmaker Toyota has snatched the title of the largest car manufacturer in the United States from the American company General Motors or GM.

Toyota Motor Corporation has overcome General Motors to win the best-seller title in the United States for 2021, a title it had held since 1931, or 90 years. Last year, Toyota sold 2.332 million automobiles in the United States, while General Motors ended the year with 2.218 million units sold.

  • Last year, Toyota sold 2.332 million automobiles in the United States, while General Motors ended the year with 2.218 million units sold.
  • GM predicts increased economic development in the United States to improve overall light-duty vehicle sector sales from roughly 15 million in 2021 to around 16 million in 2022.

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Toyota Motor Corporation has overcome General Motors to win the best-seller title in the United States for 2021, a title it had held since 1931, or 90 years. Last year, Toyota sold 2.332 million automobiles in the United States, while General Motors ended the year with 2.218 million units sold.

In 2020, GM sold 2.55 million vehicles in the United States, compared to 2.11 million for Toyota and 2.04 million for Ford. Last year, most OEMs’ production was hampered by a lack of semiconductors, which forced them to concentrate on their most profitable models.

GM predicts increased economic development in the United States to improve overall light-duty vehicle sector sales from roughly 15 million in 2021 to around 16 million in 2022. According to industry newspaper Automotive News, the manufacturer has been the country’s leading seller of automobiles since 1931, when it surpassed Ford.

Toyota, on the other hand, does not believe it is a viable ambition to maintain its sales lead in the United States in the future years, and has no plans to publicize the achievement in any way, according to the company’s Senior Vice President Jack Hollis.

“We appreciate our loyal clients,” he said, “but being No. 1 is never a focus or goal.” Analysts commended Toyota for surviving the chip scarcity better than other manufacturers, resulting in higher sales than the prior year.

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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