Automobiles

Daily Times report by Abrar Hamza 

KARACHI: The Indus Motor Company (IMC) on Thursday has decided to increase its three models’ prices by around Rs 20,000 to Rs 50,000 on the pretext of adjusting higher dollar value, it was learnt on Thursday.

IMC’s internal sources while confirming the news said that IMC has decided to raise its three vehicles’ prices including Corolla XLI and GLI by Rs 20,000, Altis by Rs 37,000 and Champ by Rs 50,000.Read More »Toyota increases prices of 3 models by up to Rs 50,000

Interview by Mansoor Ahmad, published in “The News”

Shah Faisal Afridi is the President of Ruba SEZ Group, one of Pakistan’s biggest investors in the last decade. His group has invested heavily in automobiles, tyres and tubes, home appliances, packaging, power sector, textiles and property development. Afridi is also president of Pakistan-China Joint Chamber of Commerce and Industry. This group has entered joint ventures with Chinese companies.Read More »Pakistan’s first hybrid car by end 2014

Importers and dealers of used cars have blamed local automobile industry for spreading propaganda against them to reduce the depreciation limit up to four years.
All Pakistan Motor Dealers Association (APMDA) has sent a letter to the prime minister in response to recent government action, demanding to revert back the decision and allow the imports of up to five-year-old used cars.
With reducing the age limit, the imports of cars will be slowed down sharply and the prices of available cars will be increased by Rs 60,000 to Rs 260,000 on models from 600cc to 1800cc.Read More »KARACHI: Government reduces age limit of used cars’ imports from 5 years to 4