After an increase of 79%, imports of CKD/SKD kits for local assembly of cars have reached $468 million during the first seven months of the ongoing fiscal
Booking for Kia’s SUV Sorento to start from Friday
It falls under the same category as Toyota Fortuner SAMAA | Bilal Hussain - Posted: Feb 16, 2021 | Last Updated: 2 months ago SAMAA | Bilal Hussain Posted: Feb 16, 2021 | Last Updated: 2 months ago
Source: kia-luckymotorcorp
Kia will be launching its seven-seater SUV Sorento this Friday. The vehicle will fall in the same category as Toyota Fortuner.
It will be Kiaâs fourth car to be sold under the present Kia-Lucky setup in Pakistan. The company is already selling its compact SUV Sportage, hatchback Picanto, and minivan Carnival.
Sorento will have three variants 2.4L FWD, 2.4L AWD and 3.5L FWD.
Car manufacturers seek clarity on incentives for new entrants
By
Official says AIDC meeting’s minutes indicates govt is favouring a manufacturer
Official says a new entrant is selling and booking vehicles without having a plant in Pakistan
LAHORE: Car manufacturers have asked the Engineering Development Board (EDB) to specify the cut of dates for them to seek benefits under the Auto Development Policy (ADP) 2016-21 being offered to new entrants, reported The News.
The Pakistan Automotive Manufacturers Association (PAMA) have sought clarity on the dates in a letter written to the EDB on February 8.
The official, who told the publication about the letter, said that the Auto Industry Development Committee’s (AIDC) 34th meeting’s minutes indicated that the government is giving favour to an unidentified manufacturer.
Automakers demand clarity on incentives for new entrants
Business
February 10, 2021
LAHORE: Carmakers have asked the Engineering Development Board (EDB) to be specific about the cut off dates for availing incentives that Auto Development Policy (ADP) 2016-21 offers to the new entrants, an official said on Tuesday.
Pakistan Automotive Manufacturers Association (PAMA) demanded clarity on those dates in a letter to the EDB, dated February 8, 2021.
The official said apparently, in the light of the Auto Industry Development Committee’s (AIDC) 34th meeting’s minutes, the government seemed to give some favour to some player.
“Currently, one new entrant is selling and booking its vehicles without establishing a plant, while under the policy every new entrant is allowed to bring 100 CBUs for the product development and marketing,” the official said.
The top five selling cars in Pakistan
Any guesses which car is at number 1? SAMAA | Bilal Hussain - Posted: Feb 4, 2021 | Last Updated: 2 months ago SAMAA | Bilal Hussain Posted: Feb 4, 2021 | Last Updated: 2 months ago
Despite the Auto Development Policy 2016-21 coming to an end soon, the established Japanese carmakers had the biggest market share of the Pakistan auto industry in 2020.
All the top five selling cars in Pakistan belonged to either Suzuki, Toyota or Honda, with one vague exception.
Number 5
The No. 5 is the most ambiguous spot on the list as this can be claimed by three cars. Honda reports its Civic and City sedan car data together. It sold 21,910 sedans in 2020. Both Civic and City numbers are roughly similar, according to Ahmed Lakhani, a senior research analyst at JS Global. This means roughly 11,000 units of both cars may have been sold last year. Kia may also have sold a similar number of its crossover SUV Sportage, according to the analys