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Ban Imported Vehicles
NEWS

The Government is Imposing a Six-Month Ban on Imported Vehicles.

The Government is Imposing a Six-Month Ban on Imported Vehicles.

December 2, 2021 / By Zunair Tahir / News Pakistan

The government has decided in principle to impose a temporary ban on the import of completely built unit (CBU) vehicles (imported cars) for the next six months (Jan-June 2022), as well as raise regulatory duties (RDs) and additional customs duties (ACD) on 10 to 12 other luxury items, in order to reduce the yawning current account deficit.

The government thought that by imposing a temporary ban on CBU imports, it would be able to cut its annual import bill by more than $3 billion.

The current account deficit (CAD) hit $5.1 billion in the first four months of the current fiscal year (FY2021-22), up from $2.3 billion in the previous budget (2021–22), which was authorized by parliament and the National Economic Council (NEC) for the full fiscal year.


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GOVT Refuses to Allow Vintage Car Import


The administration now fears that the CAD will reach $15 billion in the current fiscal year if present trends continue.

The economic managers met with key stakeholders, including ministries and divisions, to figure out ways to lower the CAD.

PAKISTAN IMPORTED RECORD HIGH IMPORTED VEHICLES IN 2021

Due to high demand for new autos, Pakistan recorded record foreign exchange spending. In Pakistan 2020-21, the country had the highest-ever arrival of new imported cars, followed by the restart of used vehicle imports.

Imports of new automobiles, vans, jeeps, pickup trucks, buses, and two-wheelers totaled 10,513 units in 2021, compared to 1,680, 3,716, and 7,424 units in 2020, 2019 and 2018.

In 2021, 390 new electric cars (EVs) and 19 old EVs will be imported for the first time.

Hope for the Future and lets see what this ban effect auto sector

Share Your Thoughts with Us.


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NEWS

BAIC Starts Pre-Booking of BJ40

BAIC Starts Pre-Booking of BJ40

November 25, 2021 / By Zunair Tahir / News Pakistan

Objects aren’t necessary; adventures are. The BAIC BJ40 Plus is the ideal blend of flair, athletic design, and driving enjoyment.

ABOUT BAIC

BAIC is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing, China.

Sazgar Engineering Works has joined hands with BAIC to assemble Hatchbacks, Sedans, Cross overs and SUVs in Pakistan.


Booking starts for pre-booking, please click:


Note:

Book today for an early Discount of PKR 200,000 (only applicable till December 10, 2021)


Authorized BAIC Dealers


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NEWS

The Chip Shortage in the Automobile Industry is Nearing an End – Morgan Stanley

The Chip Shortage in the Automobile Industry is Nearing an End – Morgan Stanley

November 19, 2021 / By Zunair Tahir / News Pakistan

The Global automotive industry has been ravaged by the semiconductor microprocessor crisis, causing several carmakers throughout the world to hack their production statistics and implement cost-cutting measures. Several analysts have predicted that the situation would continue to deepen over the following two quarters.

In contrast to these reports, Morgan Stanley (MS) recently said that the global car industry’s microprocessor shortfall is nearly gone.

Countries in Southeast and Central Asia, such as China, Taiwan, Malaysia, South Korea, and Japan, as well as the Netherlands and the United States, are among the world’s top microchip producers.


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CAR PRICE IN PAKISTAN


According to recent reports from MS, Malaysia has resumed full-scale semiconductor production, and the rest of Asia’s manufacturers will soon follow suit.

Along with the growth in Malaysian manufacturing in October, vehicle production and cloud data center server shipments are expected to improve. These components are projected to boost automobile manufacturers’ production and sales statistics in the near future.

MS also stated that the Japanese chip manufacturing lines will stabilize by December, allowing automakers to fill gaps more quickly.

However, automobile costs are unlikely to fall in the future since chipmakers are predicted to raise prices for their products because chips are still a scarce commodity in a market still recovering from the pandemic’s effects.


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MG 5 VS Hyundai Elantra
Car Comparisons

MG5 VS Hyundai Elantra

MG5 VS Hyundai Elantra

September 27, 2021 / By Zunair Tahir / Cars Comparison

MG-5 vs Hyundai Elantra a quick comparison

For a fast comparison of the MG-5 and the Hyundai Elantra, we created a short check sheet. Let’s see what we may expect from these companies in the near future.


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Toyota Sale July 2021
NEWS

Toyota Indus Motors Celebrate Record Breaking Sales in July

Toyota Indus Motors Celebrate Record Breaking Sales in July

Toyota Indus Motors Celebrated its Record Breaking Sale in One Month Since its inception Since 1993.The Sales has set a new record of 6,775 Units Sold in July 2021.

As we saw the recent post of Toyota Pakistan Facebook Page they celebrate record sale by uploading image of their overall sale in a single month.Covid-19 has played a very significant role in car sale over all the country but the production continuous day by day and Toyota manages to deliver their cars all over the Country.


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Toyota Cars Price In Pakistan


Toyota Indus Motor record breaking sale Mostly include Newly Introduced Toyota Yaris because its a small sedan and it directly compete with other companies model like Proton saga, Honda City ,Changan Alsvin.

In Pakistan people mostly prefer small loss price cars and companies mostly do business on these type of models because people in Pakistan are not mostly Rich and road conditions are very tough if the car price is low so the maintance cost will be less and the parts will be also cheap so people have he confidence to run the car for long period of time

Models Available:

  • Toyota Yaris
  • Toyota Corolla
  • Toyota Fortuner
  • Toyota Prius
  • Toyota Camry
  • Toyota Corolla Cross
  • Toyota Hiace
  • Toyota Hilux
  • Toyota Land Cruiser
  • Toyota Prado
  • Toyota Rush

These Models mainly are available on the Market right now many of them are imported and many are manufacture here many people no a days like to off road ad goes to places visit other cities so many people are converting their cars to off road adventure mostly people prefer Toyota Hilux Revo is very much favorite of many people.

As u can see the example of Toyota revo converted to Off road camping which we have done in house by the locally people their are many option that why people prefer Toyota cars more over the other Brand.

Comment Your Toyota Car and why u Choose it.


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MG Extender
UPCOMING MODELS

MG Extender All Set to Introduce in Pakistan

MG Extender All Set to Introduce in Pakistan

Muhammad Javed Afridi is a Pakistani business executive and entrepreneur. Javed Afridi He is best known as the director of MG JW Automobile Pakistan and the CEO of Haier Pakistan. Afridi is also the director of the Peshawar Zalmi cricket team in Pakistan. A well known person in Pakistan all set to Introduce The All New MG Extender the 2000cc Pick-up Truck Double Cabin In Pakistan.


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MG Cars Prices in Pakistan


MG Extender is a well known and tough Pickup truck known in the international market especially UK. The Truck features a 2-Litre turbo Diesel Engine in the Front very aggressive looking front Grill Led lights are on the front and the rear of the car the 4×4 double cabin by the immensely popular British automaker Morris Garages (MG).Javed Afridi also gives the 2 minute long video of black modified MG Extender that is available on the internet and also on YouTube.

We are all waiting for the official launch Date of the MG Extender and the Official specification of the pick-up truck. Due to the pandemic Covic-19 Situation that has been going in the Country and all over the world all business and out door activities has been postponed. But we do need this British automaker Morris Garages (MG) pickup truck. The 2 minute long video also shows the glimpses of the interior in a 360-degree view. The actual reason is that the big car Manufacture’s that are doing business in Pakistan Like Honda Suzuki And Toyota have the model that they introduce like Vigo, Revo, Isuzu D-Max and Foton Tunland. MG Motors faces big challenge in Pakistan Due to import policy and un supported Government Policies.

Other MG Models:

MG 3 2021 Read More…

MG ZS SUV(1ST Generation) 2021

MG HS (Compact SUV 2021)

Hope U Enjoy If u Have Any Comment Fell Free to Tell Us…..


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The Long Wait Is Over! Pakistan’s Auto Policy for the Years 2021-2026 Is Here

The Long Wait Is Over! Pakistan’s Auto Policy for the Years 2021-2026 Is Here

July 7, 2021 / By Zunair Tahir / News Pakistan

Auto Policy has finally been revealed by the federal government. Khusro Bakhtiar, the Federal Minister for Industries and Production, spoke during a news conference on the new strategy.

We’ve been hearing a lot of stories and speculations concerning automobile price increases in Pakistan. Despite repeated warnings, the situation for automobile users in the country remained uncertain. The wait, however, is now over. Pakistan’s new Auto Policy 2021-2026 has been announced by the government. According to the information given, there is undoubtedly good news for automobile aficionados. Furthermore, the new Auto Policy is good news for automobile buyers in the lower middle and middle classes. Let’s go straight into the specifics!


Impact On Cars

Vehicle Prices Have Dropped

The long-awaited decision has finally arrived. Vehicle costs have been decreased as a result of the new Auto Policy. Vehicles with engines up to 850cc would have their costs reduced to as low as PKR 105,000 under the new policy. When it comes to 1000cc vehicles, costs might drop as low as PKR 146,000. Furthermore, if we look at the Toyota Yaris and Honda City in particular, the costs will drop by up to PKR 125,000.

Here is the Auto Policy for the Years 2021-2026.

  • In the following 1-2 days, new car prices will be applied.
  • To put an end to the “ON Money” mentality, the buyer must register the vehicle in his or her own name.
  • 3,75,000 new employment will be created in the auto industry.
  • The auto sector has a production capacity of 4,15,000 vehicles per year. Pakistan manufactured 1,64,000 cars last year.
  • Cars with engines up to 850cc will have their prices reduced by up to Rs. 105,000.
  • 1000cc rates would be reduced by up to Rs140,000.
  • For one year, the import tariff on electric vehicles (EVs) would be cut from 25% to 10%.
  • If the automobile is delayed for more than 60 days (2 months), the firm will be charged KIBOR + 3%.
  • The automobile industry is taxed to the tune of Rs350 billion.
  • The government is working on a policy for auto development and export. Not only will the policy be focused on the domestic market.

The New 6th Gen Honda City Official Launch Date is Here

The New 6th Gen Honda City Official Launch Date is Here

July 1, 2021 / By Zunair Tahir / News Pakistan

New 6th Gen Honda City

In July 2021, the 6th generation Honda City will make its debut in Pakistan. However, Honda Atlas has opted to open up the bookings for the car a month and a half in advance, without even completely showing the vehicle.

This City will succeed the 5th Generation predecessor, which has been marketed in Pakistan for more than a decade, and will compete directly with the Toyota Yaris and Changan Alsvin.

Performance

In Pakistan, it will be offered with two engine choices. A 1.2-liter naturally-aspirated 4-cylinder petrol engine produces 89 horsepower and 114 Nm of torque, while a 1.5-liter naturally-aspirated 4-cylinder petrol engine produces 118 horsepower and 145 Nm of torque. The engine will be paired to either a manual or a CVT transmission, depending on the model.


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The new City, on the other hand, will face stiff competition from the Yaris and the Alsvin, both of which are newer, but similarly equipped vehicles. In addition, while the Yaris is pricey, the Alsvin is a less costly option to the City. In addition, the Proton Saga is a smaller, less expensive, and well-equipped alternative that, although not a direct rival of the new City, poses a real threat.

Lets Wait how the new City hold its Value against other Car that are available in the Country right now.


The Good News is that after 850cc, 1000cc cars are becoming more affordable as well.

The Good News is that after 850cc, 1000cc cars are becoming more affordable as well.

June 27, 2021 / By Zunair Tahir / News Pakistan

The federal government made vehicles with engines up to 850cc cheaper earlier this month by eliminating the Federal Excise Duty (FED) and lowering the Sales Tax to 12.5 percent from 17 percent. Everyone was ecstatic when they heard the news. Despite this, many people preferred to hear the phrase 1000cc instead than 850cc.

So, what’s this? The government has complied with our request. Shaukat Tarin, the Finance Minister, has announced the continuation of tax exemption for automobiles up to 1000cc, making all domestically built 1000cc cars cheaper.


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Current Price List of Cars in Pakistan


Below Down is the List of the Cars that is getting cheaper and we also have to seen its impact of the local Market.

660cc – 800cc Cars

  • Suzuki Ravi
  • Suzuki Bolan
  • Prince Pearl
  • United Bravo
  • Suzuki Alto

1000cc Cars

  • Suzuki Cultus
  • Suzuki Wagon R
  • kia Pianto
  • United Alpha

What Will be the impact these Cars are Getting Cheaper

Because the middle class can only afford automobiles up to 1000cc, this tax relief will undoubtedly have a big influence on the local automotive market. The government has lowered automobile costs in a budget for the first time in Pakistan’s history.

Consumer purchasing power will rise as a result of the effort, as will automobile sales in the country. The government, on the other hand, has not proposed any tax relief for imported automobiles, indicating that it is focused on the domestic auto sector and encouraging people to buy local vehicles.

What are your thoughts on this news? On a scale of one to ten, how pleased are you with this big tax cut? Let us know what you think in the comments area.

When Will Automobiles Become More Affordable to Consumers?

Okay, so the government has enacted the Fiscal Budget 2021-22, which includes lower taxes on automobiles with engines under 1000cc. But the real question is when prices will start to fall. And the response is July 1st, 2021.

The budget has been considered and approved by the government in the National Assembly. It will be deployed in the beginning of next month. From July 1st onwards, the revised pricing will be in effect.

In the meanwhile, customers who get automobiles this month will be charged the existing price. If the invoice for the car has been issued, the buyer must pay the current price. There’s no getting around it.


The number of vehicles imported by automakers has increased by 83%

The number of vehicles imported by automakers has increased by 83%

June 23, 2021 / By Zunair Tahir / News Pakistan

According to data released by the Pakistan Bureau of Statistics (PBS), car imports surged by 83 percent in the first 11 months of fiscal year 2020-21.

According to the study, auto-industry imports totaled $2.624 billion in the first eleven months of FY 2020-21, compared to $1.431 billion in the first eleven months of FY 2019-20.

The value of CKD/SKD car imports in this year was $2.180 billion, up 86.72 percent from the previous year. CBU imports grew by 81.29 percent, with a value of $336.941 million compared to $185.861 million previous year.


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Impact of Budge On Auto Sector 2021-22


According to industry observers, the recent flood of new cars may have caused such a huge spike in the value and volume of vehicle imports. In the previous year, almost two dozen new cars were released to the Pakistani market, the majority of which are SUVs, but virtually all of them cost more than PKR. 4 million.

The government is turning its attention to encouraging the sale and purchase of smaller, more environmentally friendly automobiles in order to decrease the high import bill.

The All Pakistan Motor Dealers Association (APMDA), on the other hand, is advocating for a change of the import rules to encourage car imports. H.M. Shehzad, the Chairman of the APMDA, wrote to the Ministry of Finance (MOF) around two weeks ago to suggest modifications to the new car policy that would take effect after the presentation of the 2021-22 budget.


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He went on to say that the newcomers are also raising costs, delaying car deliveries, and “fleecing the consumers in the form of Own-Money” for early deliveries of their automobiles.

Shehzad proposed that the government encourage the import of automobiles into Pakistan to promote healthy competition in the market and to raise the quality standards of current automakers.

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