Now U Will Get Cheap Cars ! Chinese Company Great Announcement For Pakistani
December 16, 2021 / By Zunair Tahir / News Pakistan
The Chinese company has finally announced to set up a plant in Pakistan, according to which the Chinese company Cherry Automobile in collaboration with Gandhara Nissan is setting up a vehicle manufacturing plant at Karachi Port Qasim.
People of Pakistan will be getting Cheap Chinese Cars to be Manufacture in Pakistan by the Plants that will be placed in Karachi at Port Qasim.
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Gandhara Nissan will invest more than کروڑ 10 million in the first four years. Cherry Pakistan will start operations with an initial dealership network of 8 dealers across the country and a production capacity of 16,000 units per annum. It will be increased to 32,000 units.
Sales of locally manufactured vehicles “Protego 8” and “Protego 4” in Pakistan are expected to start in FY 2021-22, compared to SUVs of other companies in Pakistan. The price of the Chinese company’s SUV has come down drastically.
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.
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 Wagon R
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%
June 23, 2021 / By Zunair Tahir / News Pakistan
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.
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.
14,000 Kia Sportage Cars have been recalled by Lucky Motor.
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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