Automobiles

Daily Times report by Abrar Hamza 

While Honda Atlas Cars (HCAR) posted a loss of Rs 13 million in the first quarter of fiscal year 2013-14 (FY14), it has also increased its vehicles’ prices by up to Rs 30,000 owing to rising dollar value, Daily Times learnt on Tuesday.

The company following Toyota, has raised City prices by Rs 20,000 and Civic prices by Rs 30,000. The company had last increased its cars’ prices in September 2013 in the same proportion.

The new revised prices of Honda will be effective from December 1, 2013. Read More »Honda Atlas raises prices by up to Rs 30,000

By Abrar Hamza

In a bid to tackle unending losses, the Toyota Motors, locally known as Indus Motor Company (IMC), on Wednesday, has raised its vehicles prices once more in a consecutive two months period of current year by up to Rs 75,000.

According to the new price list issued by the company, the increase would be effective from November 18, 2013. The prices have been increased continuously for the second time during the last few months.
Read More »Toyota Pakistan raises prices again by up to Rs 75,000

2013 model 1500CC car will cost 3.0 million rupees

The Honda Atlas Cars Pakistan is all set to launch Pakistan’s first official hybrid car CR-Z Sports Hybrid on November 30, 2013, which would be available for Rs 3.0 million, it was learnt on Saturday.

Honda CR-Z is a more sport-oriented car with a 1,500cc petrol engine coupled with a hybrid terrain.

However, old used models of imported CR-Z Hybrid are already available in Pakistan, but Honda Atlas has decided to launch its brand new model officially, as a result of it, this will be a first official launch of any Hybrid car in Pakistan. Important to mention here that the new zero meter Hybrid Sports car is a totally Completely Build Unit (CBU) that will be imported from Japan.Read More »Honda launches CR-Z hybrid in Pakistan

KARACHI: To give a tough time to car importers, local auto assemblers are planning to launch imported brand new hybrid cars in Pakistan sometime this year, said industry sources.

Officials of Indus Motor Company and Honda Atlas confirmed The News their plans to unveil new hybrid cars. They, however, did not disclose the exact date of launch.Read More »Pakistani assemblers to unveil new hybrid cars

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