Category: Automotive

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

Hyderabad Customs auctions NDP vehicles on October 27, 2022

KARACHI: The Collectorate of Customs, Hyderabad has announced auction of non-duty paid (NDP) vehicles to be held on October 27, 2022 at State Ware House of the Collectorate.

Following non-duty paid vehicles to be presented for the auction:

01. Swift car, bearing registration No. Plate AAJ-026, chassis No.ZC71S-403925, HP-1300cc, Model-2007.

02. Mira Car, bearing registration number plate BAX-369, chassis No.LA300S-0005693, HP-660, Model-2012.

03. Toyota Vitz Car, bearing registration number plate ALA-081, chassis No.SCP10-5060739, HP-1000, Model-2000

04. Toyota Premio car, bearing registration No. Plate ZV-826, chassis No.ZZT-240-5047054, HP-1800cc, Model-2005.

05. Toyota Mark X Car, bearing registration number plate QBA-862, Chassis No.GRX130-6009486, HP-2500cc, Model-2010

06. Toyota Mark X, bearing registration number plate GBS-598, chassis No.GRX121-1007924, HP-3000cc, Model-2006

07. Toyota Corolla XLI Car, chassis No.NZE120-6023637 HP-1300cc manual transmission Model 2005 (But physically alter engine Automatic 1800cc) with face Reg: No.AVP-916 (Accidental).

08. Honda City Car, bearing registration No. plate AGR-881, chassis No.NFBGE15A94R109396, HP-1300cc, Model-2004

09. Honda Civic Reborn Car, bearing registration No.plate ALT-505, chassis No.JHMFD-3620S201559, HP-1800cc, Model-2007

10. Toyota Mark-X car without registration number plate, chassis No.GRX130-6027816, HP-2500cc, Model-2010.

11. Toyota Mark X Car, bearing registration number plate HS-149, Chassis No.GRX120-0030298, HP-2500cc, Model-2005

12. Suzuki Alto Car, bearing registration number plate AFR, Chassis No.HA36V-108638, HP-660cc, Model-2015.

13. Toyota Passo Car, bearing registration number plate LED-4482, Chassis KGC10-0260829, HP-1000cc, Model-2009.

14. Toyota Premio car, bearing registration number plat AJU-756, chassis No.ZZT240-5032311, HP-1800cc, Model-2004.

15. Toyota Vitz car, bearing registration number plat AKJ-343, chassis No.SCP10-0219440, HP-1000cc, Model-2000.

16. Mini Mitsubishi Pajero, bearing registration number plat BD-8358, chassis No.H57A-0002853, HP-660cc, Model-1995.

17. BMW car, bearing registration number plate KU-088, chassis No.WBAGN62030DE56518, HP-5972cc, Model-2002.

READ MORE: Electricity withholding tax not applicable on ATL domestic consumers

READ MORE: Tax rates on goods, passenger transport vehicles during 2022-2023

READ MORE: FBR notifies tax rates on brokerage, commission during 2022-2023

READ MORE: Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

October 25, 2022
Tax rates on goods, passenger transport vehicles during 2022-2023

Federal Board of Revenue (FBR) has issued rates of withholding tax on goods and passenger transport vehicles to be paid during the year 2022-2023.

The FBR updated withholding tax card 2022-2023 after incorporating amendments made through Finance Act, 2022 to the Income Tax Ordinance, 2001.

READ MORE: FBR notifies tax rates on brokerage, commission during 2022-2023

The tax authorities collect withholding tax on goods and passenger transport vehicles under Section 234 of the Income Tax Ordinance, 2001.

Following are withholding tax rates and text of Section 234 of the Ordinance:

WITHHOLDING TAX RATES:

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Withholding tax is Rs2.50 per kg of leden weight goods transport vehicles.

READ MORE: Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

Withholding tax is Rs1,200 per annum in case of vehicles above 8,120 kg of laden weight.

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For passenger transport vehicle per seat:

4 or more persons but less than 10 persons, the tax rate is Rs200 per seat per annum in case of non-air conditioned and Rs375 in case of air conditioned.

10 or more persons but less than 20 person, the tax rate is Rs500 per seat per annum in case of non-air conditioned and Rs750 in case of air conditioned.

READ MORE: FBR notifies tax rates on prize bond, lottery winning during 2022-2023

20 persons or more, the tax rate is Rs1,000 per seat per annum in case of non-air conditioned and Rs1,500 in case air conditioned.

Federal Board of Revenue (FBR) has notified withholding tax rate on payment made for brokerage and commissioner during tax year 2022-2023.

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Section 234: Tax on motor vehicles

(1) Any person at the time of collecting motor vehicle tax shall also collect advance tax at the rates specified in Division III of Part IV of the First Schedule.

(2) If the motor vehicle tax is collected in instalments or lump sum the advance tax may also be collected in instalments or lump sum in like manner.

READ MORE: Tax rates for rental income from immovable property during 2022-2023

(2A) In respect of motor cars used for more than ten years in Pakistan, no advance tax shall be collected after a period of ten years.

(3) In respect of a passenger transport vehicle with registered seating capacity of ten or more persons, advance tax shall not be collected after a period of ten years from the first day of July of the year of make of the vehicle.

(4) In respect of a goods transport vehicle with registered laden weight of 7 less than 8120 kilograms, advance tax shall not be collected after a period of ten years from the date of first registration of vehicle in Pakistan.

READ MORE: FBR notifies withholding tax rates for exports during 2022-2023

(5) Advance tax collected under this section shall be adjustable.

“(6) For the purpose of sub-sections (1) and (2) “motor vehicle” shall include the vehicles specified in sub-section (7) of section 231B.”

October 23, 2022
Price of Honda HR-V in Pakistan

The Honda Atlas launched the HR-V with two variants, VTi and VTi S. The price of the VTi variant is Rs5,999,000 and VTi S variant is launched with the price of Rs6,199,000.

The booking price of both variants is Rs. 13 lacs, however the delivery status may differ on the time of bookings.

Honda Atlas has offered the warranty which is valid for 3 years or 75,000 kilometers drive for its customers.

The HR-V variants are equipped with a 1.5Lnaturally aspirated engine carrying the capacity to produces 121 horsepower and 145 Nm of torque.

READ MORE: Honda suspends car production in Pakistan

The car comes with the CVT transmission and both of the variants have eco mode.

The front face of the variants come with LED Auto headlights with LED DRLs. The front grille is painted with black color in VTi variant. However the color of front grille in VTI-S variant varies according to the color of body.

The VTi variant offers 2 tone 17″ Alloy Rims and VTi-S variant comes with grey painted 17″ Alloy Rims.

READ MORE: Honda launches locally assembled HR-V in Pakistan

The interior of both vehicles have 4.2 TFT screen, multimedia steering, smart entry, push start, ambient lights, and front console light.

The VTi variant offers 9″ multimedia against 9″ android/Apple car play multimedia in VTi-S variant.

VTi-S variant offers additional feature including the wireless charger, rear USB port, auto dimming rear view mirror, sequential turn signals, and LED fog lights. The grey and red interior is optional in both variants.

READ MORE: Honda Motor reveals 92% growth in production worldwide

October 23, 2022

Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

Persons not on Active Taxpayers List (ATL) are required to pay 200 per cent more withholding tax for purchasing motor vehicles during 2022-2023.

Federal Board of Revenue (FBR) issued withholding tax card 2022-2023 after incorporating changes made through Finance Act, 2022 to the Income Tax Ordinance, 2001.

According to the withholding tax card 2022-2023, the tax authorities have increased burden on the persons not on the Active Taxpayers List (ATL).

Following are the withholding tax rate on purchase of motor vehicles or registration:

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 850 CC	Rs10,000	Rs30,000
2.	851 CC to 1000 CC	Rs20,000	Rs60,000
3.	1001 CC to 1300 CC	Rs25,000	Rs75,000
4.	1301 CC to 1600 CC	Rs50,000	Rs150,000
5.	1601 CC to 1800 CC	Rs150,000	Rs450,000
6.	1801 CC to 2000 CC	Rs200,000	Rs600,000
7.	2001 CC to 2500 CC	Rs300,000	Rs900,000
8.	2501 CC to 3000 CC	Rs400,000	Rs1,200,000
9.	Above 3000 CC	Rs500,000	Rs1,500,000

Provided that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3 per cent of the import value as increased by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured assembled vehicles.

Following are the withholding tax rates at the time of transfer of registration to be collected by provincial excise and taxation department.

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 850 CC	Nil	Nil
2.	851 CC to 1000 CC	Rs5,000	Rs15,000
3.	1001 CC to 1300 CC	Rs7,500	Rs22,500
4.	1301 CC to 1600 CC	Rs12,500	Rs37,500
5.	1601 CC to 1800 CC	Rs18,750	Rs56,250
6.	1801 CC to 2000 CC	Rs25,000	Rs75,000
7.	2001 CC to 2500 CC	Rs37,500	Rs112,500
8.	2501 CC to 3000 CC	Rs50,000	Rs150,000
9.	Above 3000 CC	Rs62,500	Rs187,500

Provided that where the engine capacity is not applicable and value of rupee is five million or more, the rate of tax collectable shall be rupee twenty thousand.

Provided further that the rate of tax to be collected under this clause shall be reduced by ten per cent each year from the date of first registration in Pakistan.

Following the withholding tax rates to be collected by every motor vehicle registration authority of Excise and Taxation Department at the time of registration, if the locally manufactured motor vehicle has been sold prior to registration by the person who originally purchased it from the local manufacturer.

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 1000 CC	Rs100,000	Rs300,000
2.	1001 CC to 2000 CC	Rs200,000	Rs600,000
3.	2001 CC and above	Rs400,000	Rs1,200,000

October 23, 2022

FTO directs country-wide crackdown against smuggled vehicles

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed tax authorities to launch country-wide crackdown against smuggled vehicles.
(more…)

October 22, 2022
Honda Aircraft unveils Jet Elite II

Honda Aircraft Company unveiled the latest aircraft namely Jet Elite II at the 2022 National Business Aviation Convention and Exhibition. The new upgraded aircraft features more key advancements in performance and comforts.

The aircraft has the range of 1,547 nautical miles. There is additional space for carrying more fuel. The maximum takeoff weight is of 11,100 pounds.

The aircraft has new features enabling the automation and augmentation. The operational safety feature reduces the workload for pilot with more efficient features.

The Emergency Autoland feature enables in an emergency situation to autonomously control and land the aircraft without human intervention.

The HondaJet Elite II is the fastest, farthest and highest-flying plane in its class. The HondaJet Elite II incorporates Honda Aircraft’s many technological innovations, including the unique Over-The-Wing Engine Mount (OTWEM) configuration, Natural Laminar Flow (NLF) nose and wing, and composite fuselage.

The aircraft is also powered by the GE Honda Aero Engines HF120. All of these advancements contribute to the aircraft’s superior performance, unparalleled efficiency and maximized fuselage space, making the aircraft’s cabin the largest in its class.

The aircraft sets the standard in safety and human-machine interface technology with an ergonomically designed cockpit and highly customized Garmin® G3000 avionics suite.

Honda Aircraft continues to be committed to improving lives through personal mobility, while living in a sustainable society. The HondaJet Elite II remains significantly more fuel efficient, with lower greenhouse gas emissions than all other similarly sized twin-engine business jets.

Certified for single pilot operations, the HondaJet Elite II continues to live up to the company’s reputation for superior performance, efficiency, quality, and value.

October 22, 2022
Honda launches locally assembled HR-V in Pakistan

LAHORE: Honda Pakistan today unveiled the locally assembled HR-V in Pakistan. The unveiling event took place in Lahore. The company introduced two variants of the car, VTi and VTi S.

The price of the VTi variant is Rs5,999,000 and VTi S variant is launched with the price of Rs6,199,000. The booking price of both variants is Rs. 13 lacs, however the delivery status may differ on the time of bookings.

HR-V variants are equipped with a 1.5Lnaturally aspirated engine carrying the capacity to produces 121 horsepower and 145 Nm of torque.

READ MORE: Honda suspends car production in Pakistan

The car comes with the CVT transmission and both of the variants have eco mode.

The front face of the variants come with LED Auto headlights with LED DRLs. The front grille is painted with black color in VTi variant. However the color of front grille in VTI-S variant varies according to the color of body.

The VTi variant offers 2 tone 17″ Alloy Rims and VTi-S variant comes with grey painted 17″ Alloy Rims.

The interior of both vehicles have 4.2 TFT screen, multimedia steering, smart entry, push start, ambient lights, and front console light.

The VTi variant offers 9″ multimedia against 9″ android/Apple car play multimedia in VTi-S variant.

VTi-S variant offers additional feature including the wireless charger, rear USB port, auto dimming rear view mirror, sequential turn signals, and LED fog lights. The grey and red interior is optional in both variants.

READ MORE: Honda Motor reveals 92% growth in production worldwide

October 21, 2022
Suzuki Pakistan announces plant shutdown on inventory shortage

KARACHI: Pak Suzuki Motor Company Limited on Thursday announced a temporary plant shutdown due to shortage of inventory after conditions imposed by the central bank.

In a communication sent to Pakistan Stock Exchange (PSX), the company stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for importer under HS Code 8703 category, including CKDs through a circular No. 09 issued on May 20, 2022.

READ MORE: Suzuki Motors extends plant shutdown in Pakistan

“Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” it added.

Therefore, due to shortage of inventor level, the management of the company has decided to shut down automobile plant for period extending from October 24, 2022 to October 26, 2022. “However, motorcycle plant will remain operative,” it said.

READ MORE: Suzuki Motor Pakistan continues plant shutdown

The company for the last several months is making similar announcement due to shortage of inventory and raw material for the locally manufactured cars.

READ MORE: Suzuki Motor announces further plant shutdown in Pakistan

According to latest data of locally assembled car sales, Pak Suzuki witnessed sharp decline during the first quarter (July – September) of fiscal year 2022/2023. The car sales of Pakistan Suzuki fell to 16,639 units during the first quarter of the current fiscal year as compared with 38,431 units in the same quarter of the last fiscal year.

READ MORE: New prices of Suzuki cars in Pakistan from August 16, 2022

October 20, 2022
Rolls Royce unveils first electric car Spectre

Rolls Royce launched the first electric car namely Spectre. The car is manufactured on the Rolls-Royce all-aluminium Architecture of Luxury. Spectre marks the beginning of all-electric era for Rolls-Royce Motor Cars.

The press release issued by the company stated that the final power, acceleration and range figures are still being refined, as the extraordinary undertaking of finessing Spectre enters its final phase before concluding in the second quarter of 2023.

However Preliminary data shows that Spectre is expected to have an all-electric range of 320 miles/520 kilometres WLTP and offer 900Nm of torque from its 430kW powertrain. It is anticipated to achieve 0-60mph in 4.4 seconds (0-100km/h in 4.5 seconds).

Through unveiling of Spectre, Rolls-Royce sets a new precedent in the creation of an entirely original class of motor car: the Ultra-Luxury Electric Super Coupé.

This designation refers to Spectre’s indulgent proportions, specified in response to a commitment that there is no greater luxury than that of space.

From the front, Spectre’s split headlight treatment is intersected by the widest grille ever bestowed on a Rolls-Royce. The vanes of the Pantheon grille are now smoother in section and a flusher fit, designed to help guide the air around the motor car’s front.

The relaxed angle and polished stainless steel finish of the grille does much to enhance Spectre’s presence using environmental reflection.

Along with an aero-tuned Spirit of Ecstasy figurine – itself the product of 830 combined hours of design modelling and wind tunnel testing – the grille enhances the motor car’s unprecedented drag coefficient, which at just 0.25cd makes Spectre Rolls-Royce’s most aerodynamic motor car, ever.

The proportional demands of Spectre’s scale required Rolls-Royce to embolden its wheel strategy.

Spectre is the first production two-door coupé to be equipped with 23-inch wheels in almost one hundred years.

For the first time on a series production Rolls-Royce, Spectre is available with Starlight Doors, which incorporate 4,796 softly illuminated ‘stars’.

The coach doors can also be commissioned with a backdrop of wood Canadel Panelling, which takes its name from the cove in the South of France where Sir Henry Royce and his design team spent their winters.

Alongside the extraordinary, illuminated surfaces, Spectre is equipped with a completely redesigned digital architecture of luxury named SPIRIT, presented in quintessential Rolls-Royce style.

Not only will SPIRIT manage the motor car’s functions, but it is seamlessly integrated into the marque’s Whispers application, allowing clients to interact with their car remotely, and receive live information curated by the marque’s luxury intelligence specialists.

October 19, 2022
Hyundai unveiled all new design for seventh generation Grandeur

SEOUL: Hyundai Motor Company today unveiled the bold design of its seventh generation Grandeur.

It is badged as Azera in markets outside Korea. The all new model comes after six years, the sixth generation of Grandeur was launched in 2016.

Since its original debut as Hyundai’s high-end sedan in 1986, Grandeur has led the Korean sedan market, with design and innovations that stand for success and premium quality.

The seventh-generation Grandeur has evolved into a model with a new level of refinement and sophistication, full of innovative design cues and high-tech details, which reflects the great transformation happening in the mobility sector without losing sight of the model’s tremendous heritage.

READ MORE: Lexus launches new electric car UX 300e

“The seventh-generation Grandeur expresses our respect for the past and commitment to move on to the future,” said SangYup Lee, Executive Vice President and Head of Hyundai Design Center. “We are creating a new standard for the premium sedan market through emotive design and a refined customer experience.”

The All-New Grandeur’s exterior design takes inspiration from previous models and applies Hyundai Motor’s philosophy to reflect on its past while setting a course for the future.

One of the model’s most prominent aspects is its pure volume and excellent sense of proportions that balance premium and dynamic styling attributes. The All-New Grandeur is defined by a Seamless Horizon Lamp inspired by the first light of dawn, accentuating the model’s wide stance and harmonizing with its parametric jewel grill. The Seamless Horizon Lamp is a perfect fusion of technology and art and characterizes Grandeur’s future-focused design sensibility.

The large sedan’s pure volume is accentuated by a single character line that runs smoothly and horizontally from the headlamps to the rear combination lamp over clean, uncluttered body sides with frameless doors and auto-flush handles that reflect the model’s contemporary style and refinement.

Grandeur’s stretched wheelbase harmonizes with the boldly receding cowl point and C-pillar to provide an excellent sense of spaciousness as well as dynamic and sporty proportions.

The ‘Seamless Horizon’ design is also applied to the signature combination lamp that spans the taut rear end, emphasizing the model’s slim yet confident stance.

For the All-New Grandeur, Hyundai Motor created a wrap-around interior space trimmed in premium and sustainable materials to provide a clean, comfortable respite for busy lives.

The ambient mood lighting spreads softly across the door trim and the front of the dashboard, and interactive lighting on the upper right of the integrated display provides a new user experience.

The pattern details on the door trim are designed with a delicate Korean aesthetic. Together, these elements provide passengers a calming space for relaxation and recovery.

The steering wheel was also inspired by the single-spoke design of the first-generation Grandeur and reborn in its current form by integrating and rearranging controls to provide a more optimized layout for the driver. With the gear knob moved to the steering wheel, the console space provides neat and clean storage conveniences and wireless charging tailored for diverse customer lifestyles and connectivity needs.

On the sleekly styled interior surfaces, designers applied real wood, aluminum and naturally dyed Napa leather quilted in a traditional Korean pattern to provide further differentiation and refinement.

The sedan’s interior and exterior abound with sustainable materials. In addition to eco-process Napa leather, there is hygienic, anti-bacterial leather applied to various touchpoints.

October 19, 2022