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Category: Automotive

PkRevenue provides stories related to automotive industry. We focus on auto policy of Pakistan. The coverage also includes sales of domestic manufacturing.

  • Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Motor Co., Ltd. and Nissan Motorsports unveiled the Nissan Z GT4, which is based on the Nissan Z. The unveiling event took place at the 2022 SEMA show in Las Vegas, Nevada.

    The Nissan Z GT4 is scheduled to be supplied from 2024, with orders being accepted from mid-2023.

    The car was first revealed at the end of September in traditional NISMO livery, the specially-constructed Nissan Z GT4 for SEMA, features a unique livery that ties in past vintage racing heritage with modern design.

    The front hood of the car displays the number 23, which is Nissan’s exclusive number, found within a rising sun circle harking back to the very early racing liveries of the 70’s.

    READ MORE: Nissan Z GT4 unveiled; to be available from 2023

    Additionally, the new Z logos on the rear quarter panel highlight the modern interpretation of the original 240Z and Fairlady Z badging, all while covered over the iconic Nissan and NISMO red and black color scheme.

    For the Nissan Z GT4’s inaugural 2023 season, Nissan/NISMO will provide cars to pilot customer teams in the US and Japan for the SRO Pirelli GT4 America series and Super Taikyu Series, respectively.

     While developing the Nissan Z GT4, NMC’s NISMO racing division not only conducted extensive testing in Japan and the United States but also took part in select Japanese races.

    The aim was to meet the needs of professional drivers as well as to ensure that amateur enthusiasts could enjoy the dynamic and exciting performance of the Z.

    READ MORE: Nissan says goodbye to Russian markets

  • Customs Enforcement announces auction of vehicles on Nov 09, 2022

    Customs Enforcement announces auction of vehicles on Nov 09, 2022

    Collectorate of Customs (Enforcement) Peshawar has announced auction of motor vehicles to be held on November 09, 2022 at various state warehouses of the Collectorate.

    Following is the list of vehicles to be presented for the auction at state warehouse godown, Peshawar:

    01. Mercedes Benz (Bullet Proof), Model 1982, Chassis No. WDB-12603312037551

    02. Toyota Fielder “X” Car, Model 2002 (As per Website), Chassis No. NZE124-0018888

    READ MORE: FBR auctions confiscated immovable properties on Nov 15, 2022

    04. Toyota Corolla Car, Model 1985 (As per Website), Chassis No. EE80-0060788

    05. Toyota Corolla Car, Model 1988 (As per Website), Chassis No. CE90-0023057

    List of vehicles to be presented for the auction at state warehouse, Mardan:

    01. Toyota State Car, Model 1990 ( As per Website), Chassis No. CE96-0106153

    02. Toyota Estate Car, Model 1997 (As per Website), Chassis No. CE100-0073091

    03. Toyota Corolla Car, Model 1990 (As per Website), Chassis No. CE90-0050358

    READ MORE: FBR issues circular to relax income tax return filing deadline

    04. Toyota Double Cabin, Model 2002 (As per Website), Chassis No. MR033-UNE907004986

    05. Toyota Fielder Car, Model 2004 (As per Website), Chassis No. NZE121-0327891

    06. Toyota Fielder “X” Car, Model 2003 (As per Website), Chassis No. NZE121-0268084

    List of vehicles to be presented for the auction at state warehouse, Nowshera:

    01. Toyota Fielder “X” Car, Model 2004 (As per Website), Chassis No. NZE121-0318355

    List of vehicles to be presented for auction at state warehouse godown, parked at Landikotal Colony:

    01. Toyota State Car, Model 1988 (As per Website), Chassis No. CE90-0023670

    READ MORE: Withholding tax rates on immovable property transactions during 2022-2023

    02. Toyota Corolla Car, Model 1987 (As per Website), Chassis No. EE90-5007972

    03. Toyota Pick Up, Model 1991 (As per Website), Chassis No. LN65-1190463

    04. Toyota Towance, Model 1992 (As per Website), Chassis No. CR21-0170379

    05. Toyota State Car, Model 1993 (As per Website), Chassis No. CE109-0016885

    06. Toyota Corolla “G” Car, Model 2000 (As per Website), Chassis No. NZE121-0004457

    07. Toyota Corolla Car, Model 1992 (As per Website), Chassis No. CE106-0018812

    08. Toyota Towance, Model 1984 (As per Website), Chassis No. CR21-0007875

    READ MORE: Tax rates on usage of phone, internet applicable during 2022-2023

  • Honda Pakistan increases prices of motorcycles

    Honda Pakistan increases prices of motorcycles

    KARACHI: Atlas Honda Limited has increased the prices of the motorcycles in the wake of high inflation in the country and restrictions to import raw materials.

    Considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely Knocked Down (CKD) kits and raw materials, the company’s supply chain had also been disrupted by such measures.

    Following are the increased prices of Honda motorcycles which will be implemented from November 01, 2022:

    The price of Honda CD 70 has been increased by Rs5,000 to Rs121,500, from Rs116,500,

    The price of Honda CD 70 Dream has been increased by Rs5,400 to Rs129,900 from Rs124,500.

    The price of Honda Pridor has been increased by Rs6,000 to Rs161,900 from Rs155,900.

    The price of Honda CG 125 has been increased by Rs6,000 to Rs185,900 from Rs179,900.

    The price of Honda CG 125 SE has been increased by Rs8,600 to Rs219,500 from Rs210,900.

    The price of Honda CB 125F has been increased by Rs10,000 to Rs283,900 from 273,900.

    The price of Honda CB 150F has been increased by Rs15,000 to Rs353,900 from Rs338,900.

    The price of CB 150F SE has been increased by Rs15,000 to Rs357,900 from Rs342,900.

  • Features, price of Haval H6 in Pakistan

    Features, price of Haval H6 in Pakistan

    Sazgar Engineering Works Limited launched the Haval H6 SUV in Pakistan, which is the hybrid electric vehicle. The company introduced the SUV in two variants, 1.5T and 2.0T.

    The company launched the Haval H6, with the ex-factory price of Rs9,749,000. The booking price of the car is Rs1,900,000.

    The SUV adopts miller cycle, electronic water pump, 12:1 high compression ratio, and other advanced technologies. The thermal efficiency is up to 38 per cent.

    The car has the maximum engine power up to 113KW, maximum torque is 233NM and the motor maximum power is 130KW and maximum torque is 300NM.

    The whole engine has four leading characteristics of high efficiency, low fuel consumption, high performance and light weight.

    The application of light weighting technology reduces the car weight, which results in the improvement of fuel economy by 14.5 per cent.

    The car has some interesting features with advanced intelligence like the full extensibility, strongest security protection, highest energy efficiency ratio and extraordinary global quality.

    The car has been tested on more than 6 million kilometers road test, gathering 18 kinds of global typical environmental application analysis.

    The test had been conducted to ensure the global recognized product quality with global high validation standards.

    Some of the external equipment include electric tail gate with delayed closing and memory function. The 19-inch alloy wheels with tyre size of 225/55. Front and rear boneless automatic wipers. The car also has the panoramic sunroof and shark fin antenna.

    The internal features include the multi functions steering wheel with paddle shifters. The front interior of the car and the luggage cabin have only 12V power outlet.

    The security features of the car include the keyless entry system of the car. The car is started by the button type push-to-start system. The car contains car locating function, anti-theft alarming system, automatic crash unlock system and speed sensing central door lock.

  • Price, specifications of Chevrolet Trax

    Price, specifications of Chevrolet Trax

    Chevrolet launched the SUV Trax with new features and technological advancement seeking the practicality of a compact car.

    The SUV provides more space for passengers and cargo. The car is launched with the suggested retailing price of $21,495.

    The press release issued by the company stated about the body of the car. At the front, sleek horizontal lines emphasize the vehicle’s width and are designed around the lines of the iconic Chevy bowtie at the center of the grille, which flow outward to the slim, Blazer-inspired headlamps that feature all-new LED lighting elements. Chevy-signature high-eye LED daytime running lamps make the Trax more visible, day or night.

    A sleeker side profile is enhanced by a 4-inch-lower (101 mm) overall height than the current model, while strong “shoulders” in the body contribute to a taut, muscular presence and strong stance.

    Trax’s interior was designed to have a lightweight feel, achieved with sweeping lines and light, technical cues that emphasize the vehicle’s width and create a sense of airiness — all enabled by the vehicle’s longer, lower and wider platform.

    The low instrument panel enhances outward visibility and contributes to the feeling of airiness, while a technical texture pattern sweeps across, adding depth. Other elements take inspirations from other recent Chevy performance vehicle designs, including signature round vents and more.

    Display screens are the centerpiece of the tech-forward design, with the infotainment screen canted slightly toward the driver, for more intuitive control.

    The new Trax’s larger dimensions pay dividends when it comes to the driving experience and interior spaciousness, with its nearly 6-inch-longer wheelbase and wider track offering more composed ride and handling characteristics, compared to the current model.

    Inside, the 11-inch greater length and 2-inch greater width than the current model translates into greater roominess and cargo capacity, including 3 inches more rear legroom, which increases comfort for rear-seat passengers, and maximum cargo capacity that increases by nearly 12 per cent.

  • Price, specifications of Suzuki GSX 125

    Price, specifications of Suzuki GSX 125

    Suzuki GSX 125 is launched with the official price of Rs359,000. The company launched the motorcycle with the official red, black and blue color.

    According to the company, the bike can be booked in the nearest Suzuki dealership with the choice of selecting colors.

    The motorcycle is launched with powerful and fuel efficient 125cc Engine, equipped with SEP (Suzuki Eco Performance) Technology. The Efficiency and Power Goes Hand-in-Hand.

    Suzuki GSX125 is crafted with sporty curves, diamond-shaped halogen headlamp, vibrant & strong shocks, 2-POD calliper hand-bars, alloy rims with disc brakes and shimmering muffler.

    READ MORE: Pak Suzuki Motors posts hefty loss of Rs2.5 billion in third quarter

    The features of the bike include 125cc single cylinder, 4 stroke air cooled engine. 7.8kw/9000 rpm max power. 9.2Nm torque at 7000 rpm. The bike has the option of Self Start. There are 5-speed constant mesh transmission.

    The height of the seat of bike is 770mm with kerb mass of 126 kilograms and a fuel tank with huge capacity of 14.2 liters.

    The bike has wheels with overall length of 1990mm, width of 755mm, height of 1075mm, wheel base of 1270mm and ground clearance of 167mm.

    The bike has 2.75-18 tubeless front tyre and 90/90-18 tubeless rear tyre. Hydraulic disc front brake and internal expanding drum rear brake. The bike also has a spring hydraulic damping front suspension and spring hydraulic damping rear suspension.

    READ MORE: Suzuki Pakistan announces plant shutdown on inventory shortage

  • Suzuki launches GSX 125 motorcycle in Pakistan.

    Suzuki launches GSX 125 motorcycle in Pakistan.

    Suzuki Pakistan launched the GSX 125 motorcycle in Pakistan which was already displayed in the Pakistan Auto Show 2022 by the company.

    Suzuki GSX125 is crafted with sporty curves, diamond-shaped halogen headlamp, vibrant & strong shocks, 2-POD calliper hand-bars, alloy rims with disc brakes and shimmering muffler.

    The motorcycle is launched with powerful and fuel efficient 125cc Engine, equipped with SEP (Suzuki Eco Performance) Technology. The Efficiency and Power Goes Hand-in-Hand.

    READ MORE: Pak Suzuki Motors posts hefty loss of Rs2.5 billion in third quarter

    The company launched the motorcycle with the official colors of red, black and blue.

    The features of the bike include 125cc single cylinder, 4 stroke air cooled engine. 7.8kw/9000 rpm max power. 9.2Nm torque at 7000 rpm. The bike has the option of Self Start. There are 5-speed constant mesh transmission.

    The bike has 2.75-18 tubeless front tyre and 90/90-18 tubeless rear tyre. Hydraulic disc front brake and internal expanding drum rear brake. The bike also has a spring hydraulic damping front suspension and spring hydraulic damping rear suspension.

    The bike has wheels with overall length of 1990mm, width of 755mm, height of 1075mm, wheel base of 1270mm and ground clearance of 167mm.

    The height of the seat of bike is 770mm with kerb mass of 126 kilograms and a fuel tank with huge capacity of 14.2 liters.

    READ MORE: Suzuki Pakistan announces plant shutdown on inventory shortage

  • Price, upgrades of newly launched Toyota GR Supra GT4 EVO 2023

    Price, upgrades of newly launched Toyota GR Supra GT4 EVO 2023

    Toyota Gazoo Racing today introduced the updated GR Supra GT4 race car for the 2023 season, which carry better upgrades enhancing the braking, handling and engine performance.

    The ready-to-race GR Supra GT4 EVO will be priced at 186,000 euros or $185,151.82.

    The car has been upgraded on the basis of customer and driver feedbacks, which have helped the super car to get even better.

    READ MORE: Toyota stops car production in Russia

    The press release issued by the Toyota Motors stated that, user feedback and requests have flowed directly into the development of the GR Supra GT4 EVO, which follows TOYOTA’s commitment to continuous improvement and building ever-better motorsports-bred cars for customers.

    In response to constructive customer feedback and the results of detailed evaluations, Toyota Gazoo Racing development engineers focused their efforts on three key areas: brakes, handling and engine.

    The improved brake system design, new ABS settings, latest KW damper technology and updated anti-roll bar specification, the GR Supra GT4 EVO will deliver improved handling and higher cornering speeds.

    READ MORE: Lexus launches new electric car UX 300e

    The drivers will be able to push for faster lap times due to increased power and an optimised torque curve of the 3.0-litre, six-cylinder, turbocharged engine, which benefits from more effective cooling.

    The GR Supra GT4 EVO is easier to drive for ambitious amateur drivers whilst it also provides the precise performance demanded by professional racers.

    The GR Supra GT4 EVO will make its competitive debut in January 2023 at the 24 Hours of Daytona, the first round of the IMSA Michelin Pilot Challenge season.

    Orders for the GR Supra GT4 EVO will be taken from October 28 2022 and an upgrade kit will be available to existing GR Supra GT4 customers.

    READ MORE: Toyota launches new redesigned Sienta minivan

  • Indus Motor declares 76% fall in net profit during 1QFY23

    Indus Motor declares 76% fall in net profit during 1QFY23

    Indus Motor Company Limited (INDU) has declared massive fall of 76 per cent in its net profit during first quarter (July – September) of the fiscal year 2022/2023.

    According to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday, the company declared after tax profit at Rs1.29 billion for the quarter ended September 30, 2022 as compared with Rs5.42 billion in the corresponding quarter of the last fiscal year.

    Indus Motor, which is maker of Toyota Motors in Pakistan, also announced earnings per share t Rs16.50 for the first quarter of the current fiscal year as compared with the EPS of Rs69.02 in the same quarter of the last year.

    Board of directors of the company met on October 26, 2022 and announced first interim cash dividend for the quarter ended September 30, 2022 at Rs8.20 per share i.e. 82 per cent.

    Analysts at Ismail Iqbal Securities said that topline of the company arrived in at Rs37.3 billion against the estimates of Rs42.9 billion, down 48 per cent and 43 per cent on Quarter on Quarter (QoQ) and Year on Year (YoY) respectively, primarily as result of 51 per cent and 52 per cent QoQ and YoY decline in car sales volumes.

    The deviation in revenue could be due to rise in compensation on advances from customers and car prices revisions yet to reflect as cars might have been sold at March 2022 and April 2022 prices during the quarter.

    Gross margins fall to lower ever levels of 6.3 per cent on account of depreciation of Pakistani Rupee (PKR) against the US dollar and lag price hike that is yet to reflect, according to the analysts.

    Elevated deposit rates resulted in other income clocking in at Rs5.16 billion fell one per cent QoQ, despite likely fall in advances. Effective tax rate clocked in at 29.5 per cent against 88.1 per cent recorded in the last quarter.

  • Pak Suzuki Motors posts hefty loss of Rs2.5 billion in third quarter

    Pak Suzuki Motors posts hefty loss of Rs2.5 billion in third quarter

    Pak Suzuki Motors Company Limited (PSMC) on Wednesday declared massive loss of Rs2.5 billion for third quarter (July – September) 2022.

    According to financial results submitted to Pakistan Stock Exchange (PSX), the company announced its third quarter of current year results where it posted loss after tax of Rs2.5 billion compared with profit of Rs443 million in the second quarter. The loss per share of the company came at Rs30.2 as compared with earnings per share Rs5.4 during the period under review.

    The cumulative loss for nine months of current year (January – September 2022) to Rs2.5 billion with loss per share of Rs30.5/-.

    Analysts at AKD Securities Limited said that earnings for the quarter are well below industry expectations due to finance costs going through the roof, clocking in at Rs4.8 billion for the quarter.

    Revenue for the quarter has decreased by 54 per cent quarter on quarter (QoQ) to reach Rs29.8 billion, while also down by 41 per cent year on year (YoY).

    The gross margin in third quarter of the current year clocked in at 5.2 per cent in contrast to the 4.4 per cent in the second quarter of the year. Despite significant currency depreciation, the company has hiked its prices in accordance, with the revised prices of June effective on some of the cars delivered, the analysts added.

    They further said that finance costs have beaten expectations by a mile. With the Rs4.8 billion consisting of hefty compensation on late deliveries, likely north of Rs3 billion. The rest of the distance consists of exchange losses due to the revaluation of foreign trade creditors.

    The company has sustained its strong other income in the quarter, clocking in at Rs1.1 billion owing to strong income from cash balance. The amount is significantly lower than the estimates, primary due to cash balance being diminished by the hefty payments on late deliveries.