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BAIC Starts Online Pre-Booking for Its Super-Affordable Cars

BAIC, one of the largest Chinese automakers, has updated its website and integrated a prebooking form to collect necessary information from the customers

SAMAA - Changan wants to be the first to bring self-driving cars to Pakistan

Changan wants to be the first to bring self-driving cars to Pakistan Can they do it successfully? SAMAA | Bilal Hussain - Posted: May 15, 2021 | Last Updated: 7 hours ago SAMAA | Bilal Hussain Posted: May 15, 2021 | Last Updated: 7 hours ago Listen to the story Salim Mehmood finds it difficult to park his car in the narrow space of his apartment’s congested lotin Hyderabad Colony in Karachi. A few times he even hit a neighbor’s car and had to pay for the break-light and endure the wrath of his elder brother for scratches to their own car doors. Changan may have an answer to Mehmood’s problem and people like him. The company is testing self-parking and to some extent the self-driving Level-3 autonomous compact SUV Uni-T.         

Situationer: Carmakers ignore middle-class buyers - Newspaper

Salman Khan KARACHI: As the Auto Policy 2016-21 nears its end on June 30, 2021, consumers have not witnessed any rolling out of small 800cc or below cars by new international entrants who instead raced towards introducing sports utility vehicles (SUVs) and high engine power models under duty concessions. There are also no signs that any international carmakers will be starting a greenfield project for manufacturing 800cc or below vehicles needed by the masses. Pakistan attracted over one billion dollars in investment from new entrants mainly from Korea and China under the Auto Policy 2016-2021. The key objective of the 2016-21 auto policy was to bring competition that would result in reduction of car prices, especially in the entry level segment so that the middle-class population of the country would be able to purchase smaller cars.

PSO profit increases to Rs8 720 billion in Q3

Business April 30, 2021 KARACHI: Pakistan State Oil (PSO) net profit increased to Rs8.720 billion during the quarter ended March 31, 2021, translating into earnings per share (EPS) of Rs18.57, a bourse filing said on Thursday. The company had posted a loss of Rs3.426 billion with loss per share of Rs7.30 during the same quarter last fiscal. There was no announcement of cash back. The company’s 9MFY21 profit surged 506 percent to Rs18.242 billion during the nine-month period ended March 31, 2021, from Rs3.008 billion during the same period last fiscal. The EPS stood at Rs38.86 during July-March 2020/21, compared to Rs6.41 during the same period last fiscal.

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