Category: Automotive

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

  • Clearance of banned cars, phones allowed on 100% surcharge

    Clearance of banned cars, phones allowed on 100% surcharge

    ISLAMABAD: The government has allowed clearance of stuck up consignments of cars and mobile phones on payment of 100 per cent surcharge.

    The ministry of commerce on Friday issued an office memorandum regarding prohibition / complete quantitative restrictions on import of non-essential and luxury items.

    READ MORE: Pakistan lifts ban on import of cars, phones, luxury items

    The ministry said that pursuant to the decision of federal cabinet on August 19, 2022, the federal government had allow release of all those consignments/shipments which had been imported in violation of SRO 598(I)/2022 dated May 19, 2022 and landed at any Pakistani port, subject to payment of surcharge.

    The commerce ministry stated that to release those held up consignments, except Completely Built Unit (CBU) Auto, CBU phones and CBU home appliances, which landed after June 30, 2022 and on or before July 31, 2022 subject to payment of 25 per cent surcharge, and 35 per cent surcharge for those consignments which arrived after July 31, 2022.

    READ MORE: 15% surcharge imposed for clearance of banned items

    Similarly, to release held up consignments of CBU auto, CBU mobile phones and CBU home appliances, which landed after June 30, 2022 and on or before July 31, 2022 subject to payment of 100 per cent surcharge.

    The ministry of commerce issued SRO 1562(I)/2022 for lifting the ban on luxury and non-essential items, including motor vehicles, mobile phones and home appliances.

    The government on May 19, 2022 through a circular No. 598 (I)/2022 imposed the complete ban on import of such items in the wake of serious balance of payment crisis and to prevent fall in rupee value.

    Despite the ban, the rupee fell to the historic low of Rs239.94 against the dollar on July 28, 2022.

    It is worth mentioning that the foreign exchange reserves were drastically decreased despite imposition of ban on imported luxury items.

  • Hyundai IONIQ 5 wins Car and Driver’s year award

    Hyundai IONIQ 5 wins Car and Driver’s year award

    SEOUL: Hyundai IONIQ 5 is awarded Car and Driver’s EV (Electric Vehicle) of the Year Award on August 18, 2022.

    Hyundai IONIQ 5 is listed on Number 1 out of 20 top rated electric vehicle after a three week period rigorous test.

    READ MORE: KIA Motors maintains prices in Pakistan

     “The IONIQ 5 is an attractive proposition for buyers who desire the performance, range, and charging speeds of far more expensive EVs at an accessible price,” said Tony Quiroga, editor-in-chief, Car and Driver.

    The EV award uses the same criteria as Car and Driver’s 10Best Awards. The winner must exceed the expectations of the Car and Driver editorial and testing teams in four key areas:

    READ MORE: Suzuki Motors extends plant shutdown in Pakistan

    · Value

    · Mission Fulfillment

    · Technology Advancement

    · Fun to Drive

    “IONIQ 5 successfully launched our new family of IONIQ electric vehicles and exclusive Electric-Global Modular Platform that allows for more interior space and greater performance,” said José Muñoz, president and CEO, Hyundai Motor North America. “IONIQ 5 continues to satisfy customers and we will build on this momentum with the launch of the IONIQ 6 and 7.

    READ MORE: Porsche launches new Porsche 911 GT3 RS

    “Accolades like the Car and Driver EV of the Year are particularly rewarding to the teams that designed and engineered IONIQ 5 to deliver standout charging speed, innovative features and driving dynamics.” he added.

    Other contenders include Audi e-tron GT, BMW i4, BMW iX, Chevrolet Bolt EV, Chevrolet Bolt EUV, Cadillac Lyriq, Ford Mustang Mach-e GT, Ford F150 Lightning, GMC Hummer EV Pickup, Lucid Air Grand Touring, Mercedes EQS, Porsche Taycan Cross Turismo, Rivian R1T, Tesla Model S Plaid and Volvo C40 Recharge. Car and Driver employed instrumented testing, subjective evaluation and side-by-side comparison in both practicality and entertainment value.

    READ MORE: KIA Motors introduce new Executive variant of Carnival in Pakistan

  • KIA Motors maintains prices in Pakistan

    KIA Motors maintains prices in Pakistan

    KARACHI: KIA Motors has announced to maintain car prices in Pakistan.

    Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer which is a part subsidiary of South Korean automobile manufacturer Kia Motors.

    The press release issued by Lucky Motors stated that LMC has always believed in being fair and transparent in our pricing policy; being a customer centric company we took the unprecedented decision to maintain our vehicle prices for over 2 years since the launch of our flagship models; revising the same at an average of only once over the past 4 years.

    READ MORE: KIA Motors introduce new Executive variant of Carnival in Pakistan

    While companies have been forced to take a wait and watch strategy to monitor the fluctuation in the exchange rate to see where prices will go, the increase was inevitable.

    To help sustain our business, we recently increased the price by 14 per cent on the July 18, 2022; which we feel was a reasonable increase given the significant devaluation of the Pakistani Rupee against US Dollar; whereas during the same period, other industry players had taken the decision to increase prices between 19 per cent and 23 per cent, which has very recently been corrected to bring the increase of parity with Kia, as can be seen in the table below.

    Price IncreaseKiaIndustry
    July, 202214 per cent19-23 per cent
    CorrectionNo Change6-9 per cent
    After Correction14 per cent15 per cent

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    We are happy to see that in the greater interest of the market and its customers the price have been corrected to bring them at a fair level and we feel great pride in creating a precedent and setting the benchmark for everyone in terms of price setting.

    Keeping the above in mind, we will be maintaining our prices at this time.

  • Suzuki Motors extends plant shutdown in Pakistan

    Suzuki Motors extends plant shutdown in Pakistan

    KARACHI: Suzuki Motors on Thursday announced extension in plant shutdown due to inventory shortage for production of motor vehicles.

    Pak Suzuki Motors Co. Ltd. in a communication sent to Pakistan Stock Exchange (PSX), stated that the State Bank of Pakistan 9sbp) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKD) vide circular No. 09 of 2022 dated May 20, 2022.

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

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

    Therefore, due to shortage of inventory level, the management of the company has decided to further extend the shutdown period of automobile plant from August 22, 2022 to August 26, 2022.

    Previously, the company announced to temporarily close the plant from August 18, 2022 to August 19, 2022.

    The company, however, said that motorcycle plant will remain operative. “Further update, if any, in this regard will be communicated accordingly,” the company informed the PSX.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

    Suzuki Motors has announced new rates of its cars in Pakistan, which are applicable from August 16, 2022.

    According to Suzuki Ittehad Motors following are the new showroom prices of Suzuki cars in Pakistan.

    Following are the new rates of Suzuki Swift:

    1. Suzuki Swift GLX CVT, the decreased price is Rs3,760,000.

    2. Suzuki Swift GL CVT, the decreased price is Rs3,420,000.

    3. Suzuki Swift GL M/T, the decreased price is Rs3,180,000.

    4. Suzuki Alto VXL, the decreased price is Rs2,223,000.

    READ MORE: Indus Motors rebuts plant shutdown reports

    5. Suzuki Alto VXD, the decreased price is Rs1,976,000.

    6. Suzuki Alto VX, the decreased price is Rs1,699,000.

    7. Suzuki Wagon-R VXL, the decreased price is Rs2,564,000.

    8. Suzuki Wagon-R AGS, the decreased price is Rs2.802,000.

    9. Suzuki Wagon-R VXR, the decreased price is Rs2,421,000.

    10. Suzuki Bolan Van, the decreased price is Rs1,500,000.

    11. Suzuki Bolan Cargo, the decreased price is Rs1,487,000.

    12. Suzuki Ravi Euro II, the decreased price is Rs1,424,000.

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    13. Suzuki Ravi W/O Deck, the decreased price is Rs1,349,000.

    14. Suzuki Cultus VXL, the decreased price is Rs3,024,000.

    15. Suzuki Cultus AGS, the decreased price is Rs3,234,000.

    16. Suzuki Cultus VXR, the decreased price is Rs2,754,000.

    17. Suzuki Jimny MT, the decreased price is Rs6,049,000.

  • Porsche launches new Porsche 911 GT3 RS

    Porsche launches new Porsche 911 GT3 RS

    GERMANY: Porsche on Thursday revealed its all new Porsche 911 GT3 RS which is designed for maximum performance.

    The road-legal high-performance sports car takes full advantage of technology and concepts from motorsport (911 GT3 RS: Fuel consumption combined (WLTP) 13.4 l/100 km, CO₂ emissions combined (WLTP) 305 g/km, Fuel consumption combined (NEDC) 12.7 l/100 km, CO₂ emissions combined (NEDC) 289 g/km). Even beyond the high-revving naturally aspirated engine with racing DNA and intelligent lightweight construction, it is, above all, the cooling and aerodynamic systems of the 911 GT3 RS that connect it most directly with its motorsport brother, the 911 GT3 R.

    Central-radiator concept inspired by motorsport – the foundation for active aerodynamics

    The basis for a significant performance boost is the concept of a central radiator – an idea that was first used in the Le Mans class-winning 911 RSR and subsequently in the 911 GT3 R. Instead of the three-radiator layout seen in previous cars, the new 911 GT3 RS relies on a large, angled centre radiator in the car’s nose, positioned where the luggage compartment is located on other 911 models. This has made it possible to use the space freed up on the sides to integrate active aerodynamic elements.

    Continuously adjustable wing elements in the front and on the two-part rear wing, in combination with a number of other aerodynamic measures, provide 409 kg of total downforce at 200 km/h. This means that the new 911 GT3 RS generates twice as much downforce as its 991.2-generation predecessor and three times as much as a current 911 GT3. At 285 km/h, total downforce is 860 kg.

    A drag reduction system (DRS) is fitted in a production Porsche for the first time. To achieve low drag and higher speeds on straight sections of the track, the DRS allows the wings to be flattened out at the push of a button, within a specific operating range. The airbrake function is activated during emergency braking at high speeds: the wing elements at the front and rear are set to maximum, creating an aerodynamic deceleration effect that significantly supports the wheel brakes.

    The look of the new 911 GT3 RS is characterised by the large number of functional aerodynamic elements. The most prominent feature of the GT sports car is the swan-neck-supported rear wing, which is significantly larger in all dimensions. The rear wing consists of a fixed main wing and an upper, hydraulically adjustable wing element.

    For the first time on a Porsche production vehicle, the upper edge of the rear wing is higher than the car’s roof. In addition, the front end of the 911 GT3 RS no longer has a front spoiler, but instead features a front splitter that divides the air flowing over and underneath. Sideblades accurately direct air outwards. Front wheel arch ventilation is provided via louvred openings in the front wings.

    Inlets behind the front wheels, in the style of the iconic Le Mans-winning 911 GT1, reduce the dynamic pressure in the wheel arches. Sideblades behind the intake ensure that the air is directed to the side of the vehicle. Air from the centrally positioned radiator flows out via large nostrils on the front lid. Fins on the roof direct the air outwards, ensuring cooler intake temperatures in the rear.

    In the new 911 GT3 RS, the openings in the rear side panel are used exclusively to improve aerodynamics and not to draw in process air. The rear wheel arch also features an intake and a sideblade for optimised airflow. The rear diffuser comes from the 911 GT3 and has been slightly adapted.

    Track suspension that can be adjusted from the cockpit

    Even the suspension comes in for aerodynamic attention. Because the wheel arches of the new 911 GT3 RS are subject to powerful airflows, the components of the double-wishbone front axle are designed with teardrop-shaped profiles. These aerodynamically efficient links increase downforce on the front axle by around 40 kg at top speed and are otherwise only used in high-end motorsport applications. Because of the wider track (29 millimetres wider than the 911 GT3), the double-wishbone front axle links are also correspondingly longer. 

    To ensure that the downforce balance between the front and rear axles is maintained even when braking from high speeds, the suspension engineers have significantly reduced pitching under braking. On the new 911 GT3 RS, the front ball joint of the lower trailing arm has been set lower on the front axle. The multi-link rear axle has also been adjusted, with modified spring rates. The driver assistance systems and rear-axle steering also have an even more dynamic set-up here.

    The 911 GT3 RS offers three driving modes: Normal, Sport and Track. In Track mode, the basic settings can be individually adjusted. Among other settings, the rebound and compression damping of the front and rear axles can be adjusted separately and in several stages. The rear differential can also be adjusted via rotary controls on the steering wheel. This is done quickly and intuitively with an operating and display concept also borrowed from motorsport.

    Four individual rotary controls and a button for the Drag Reduction System (DRS) are located on the steering wheel. These rotary controls are clearly displayed via graphics in the instrument cluster during the adjustment process. The 911 GT3 RS also features the track screen already familiar from the 911 GT3. At the touch of a button, the driver can reduce the digital displays on the two seven-inch side displays to essential information only. The gearshift indicators to the left and right of the analogue tachometer have also been taken from the GT3.

    High-revving four liter six-cylinder boxer engine

    The 4.0-litre high-revving naturally aspirated engine has been further optimised compared with the 911 GT3. The increase in power to 386 kW (525 PS) is achieved primarily via new camshafts with modified cam profiles. The single-throttle intake system and the rigid valve drive are derived from motorsport. The seven-speed Porsche Doppelkupplung (PDK) has a shorter overall gear ratio than the 911 GT3. Air intakes on the underbody ensure that the transmission can withstand even extreme loads during frequent use on track. The 911 GT3 RS accelerates from zero to 100 km/h in 3.2 seconds and reaches a top speed of 296 km/h in seventh gear. 

    Aluminium monobloc fixed-calliper brakes with six pistons each and brake discs with a diameter of 408 mm are used on the front axle. Compared with the 911 GT3, the piston diameters have been increased from 30 to 32 mm. In addition, the thickness of the discs has been increased from 34 to 36 mm. The rear axle continues to be fitted with 380-mm brake discs and four-piston fixed-calliper brakes.

    The optionally available Porsche Ceramic Composite Brake (PCCB) has 410-mm discs on the front axle and 390-mm discs on the rear axle. The new 911 GT3 RS comes standard with forged light-alloy centre-lock wheels. Road-legal sports tyres measuring 275/35 R 20 at the front and 335/30 R21 at the rear ensure a high level of mechanical grip. 

    Lightweight construction all the way

    Intelligent lightweight construction has been a basic principle of all RS models ever since the legendary 911 Carrera RS 2.7. Thanks to an array of lightweight construction measures such as the extensive use of CFRP, the 911 GT3 RS weighs in at only 1,450 kg (kerb weight according to DIN) despite many larger components. The doors, front wings, roof and front lid, for example, are made from CFRP. Lightweight CFRP is also used in the interior, for example in the standard full bucket seats.

    Available with Clubsport and Weissach packages

    When it comes to its interior, the new GT sports car is finished in typical RS style: black leather, Racetex and carbon-weave finish characterise the purist, sporting ambience. The 911 GT3 RS is available with the Clubsport package at no extra cost. This includes a steel rollover bar, a hand-held fire extinguisher and six-point seat belts for the driver. 

    The Weissach package, which is available at extra cost, involves considerably more. The front lid, roof, parts of the rear wing and the upper shell of the exterior mirrors feature a carbon-weave finish. The front and rear anti-roll bars, the rear coupling rods and the shear panel on the rear axle are made of CFRP and contribute to a further enhancement of the driving dynamics. The rollover bar, constructed for the first time from CFRP, saves around six kilograms compared with the steel version.

    Another highlight of the Weissach package is the PDK shift paddles with motorsport-derived magnet technology. This makes gear changes even more dynamic thanks to a more precise pressure point and a clearly perceptible click. Optionally available with the Weissach package are magnesium forged wheels, which save another eight kilograms.

    Exclusive Porsche Design Chronograph

    Inspired by the motorsport mindset – where maximum precision is paramount – Porsche’s own watchmaking operation in Solothurn, Switzerland, has developed the 911 GT3 RS chronograph. This mechanical watch is reserved for owners of the car. It is based on a glass-bead blasted case, made from either natural or black titanium, and with a screw-down crown. Inside the watch is the mechanical Porsche Design chronograph calibre WERK 01.200, which has been COSC-certified for its high accuracy.

    Its flyback function allows the wearer to start, stop and reset the second hand with a single action. The chronograph pushers, which feature ‘Start/Stop’ and ‘Next Lap’ laser engravings, reveal that this chronograph is not just about telling the time. In addition to innovations, such as the pulsometer scale on the bezel, many design features and materials from the GT3 RS are also found.

    The new 911 GT3 RS is available for order now and starts at €229,517 in Germany.

  • KIA Motors introduce new Executive variant of Carnival in Pakistan

    KIA Motors introduce new Executive variant of Carnival in Pakistan

    KARACHI: KIA Lucky Motors introduced the new ‘Executive’ variant of Carnival in Pakistan. The car features more power, more controls, more space and even more functions.

    The car is available in the exterior colors of Snow White Pearl, Silky White, Ceramic Silver, Aurora Black Pearl, Panthera Metal, Astra Blue, Deep Chroma Blue and Flare Red.

    According to the KIA Lucky Motors, following are the details of the new variant of KIA Carnival.

    The car has infinitely adaptable interior and easy access from every angle, the Carnival puts you in total control. It can take a large group of family or friends as far as the roads can reach, with ample space to accommodate the gear for adventurers, the tools of artisans or furniture to bring home from the store.

    READ MORE: Hyundai, Kia sign pact to develop mobility to explore moon

    The Sliding doors make for quick entries and exits, and a puddle lamp shows you where you’re stepping after dark. The same technological advances that keep the interior so quiet on the highway also help shut out city noises to create a calming oasis of comfort.

    From the futuristic headlamps embedded into the tiger-nose grille to the broad, dramatic stripe of the rear tail lamps, fresh details establish a luxurious new design vernacular among people movers. Sleek body lines serve an aerodynamic purpose, while the expansive windows and dual sunroof complement the cabin’s feeling of openness.

    Carnival’s upscale and sophisticated interior puts the driver in command by enabling quick choices with minimal distraction through the use of steering wheel controls, or by tapping on the intuitive center-console screen.

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    The Carnival presents everything on a need-to-know basis, filtering out what’s not absolutely necessary. The cockpit is designed and engineered to help you focus on the key information while your mind stays on the road and what’s around you.

    The supervision cluster helps you stay focused and informed, with data like remaining distance to empty and fuel consumption, navigation cues, and outside temperature.

    View and select audio functions on the 8-inch display. Choose audio sources, tune in to radio stations, and adjust audio quality to taste by using convenient controls mounted on the steering wheel. With wireless phone projection, the display of a compatible phone can be viewed on the center touchscreen.

    Now with up to 15W of electric power, the charging pad in the Wireless Charging Tray bin lets you charge compatible mobile phones wirelessly. The indicator shows orange while charging and turns green when charging is complete.

    READ MORE: KIA launches sportage vehicle in Pakistan

    With firm, welcoming seats, enviable headroom, and tasteful materials, the Carnival comfortably accommodates every individual occupant. From the ways the doors slide to how the seats can be adjusted and moved, the interior is engineered to make the ride a joy for everyone inside.

    Seating options let you fit up to eleven people, while some or most seats can be removed to make way for cargo. So you have the luxury to choose between accomodating more people or more luggage.

    The quieter gasoline engines of the new Carnival offer significant fuel savings through improved cooling and reduced friction. The 8-speed automatic transmission offers smooth gear changes, with more gear ranges to achieve the perfect balance of economy and power.

  • Toyota reduce prices of cars in Pakistan from August 16, 2022

    Toyota reduce prices of cars in Pakistan from August 16, 2022

    KARACHI: Toyota Motors has announced new reduced rates of its cars in Pakistan on Tuesday, which are applicable from August 16, 2022.

    According to Toyota Port Qasim Motors, the following are new ex-showroom Khi prices inclusive of current CVT plus Freight and Transit Insurance.

    Following are the new rates for all variants of Toyota Yaris:

    1. Toyota Yaris GLI MT 1.3L, the decreased price is Rs3,550,500.
    2. Toyota Yaris GLI CVT 1.3L, the decreased price is Rs3,780,500.
    3. Toyota Yaris ATIV MT 1.3L, the decreased price is Rs3,740,500.
    4. Toyota Yaris ATIV CVT 1.3L, the decreased price is Rs3,940,500.
    5. Toyota Yaris ATIV X MT 1.5L, the decreased price is Rs4,020,500.
    6. Toyota Yaris ATIV X CVT 1.5L, the decreased price is Rs4,270,500.

    READ MORE: Previous prices of Toyota Cars in Pakistan

    Following are new rates for all variants of Toyota Corolla X:

    1. Toyota Corolla ALTIS MT 1.6L, the decreased price is Rs4,980,500.
    2. Toyota Corolla ALTIS AT 1.6L, the decreased price is Rs4,800,500.
    3. Toyota Corolla ALTIS AT 1.6L Special Edition, the decreased price is Rs5,290,500.
    4. Toyota Corolla ALTIS CVT 1.8L, the decreased price is 5,280,500.
    5. Toyota Corolla Grande CVT 1.8L (Beige interior), the decreased price is Rs5,720,500.
    6. Toyota Corolla Grande CVT 1.8L (Black interior), the decreased price is Rs5,760,500.

    Following are new rates of all variants of Toyota Fortuner:

    1. Toyota Fortuner G 4*2 AT 2.7LO (petrol), the decreased price is Rs11,590,500.
    2. Toyota Fortuner V4*4 AT 2.7L HI (petrol) New, the decreased price is Rs13,800,500.
    3. Toyota Fortuner SIGMA 4*4 2.8L (diesel), the decreased price is Rs13,982,500.
    4. Toyota Fortuner 4*4 Legender (2755cc diesel), the decreased price is Rs14,712,500.

    READ MORE: Toyota Indus Motors announces plant shutdown

    Following are new rates of all variants Toyota Hilux Double Cabin 4*4 (diesel):

    1. Toyota Hilux D/C STD, the decreased price is Rs8,462,500.
    2. Toyota Revo G MT, the decreased price is Rs9,182,500.
    3. Toyota Revo G AT, the decreased price is Rs9,622,500.
    4. Toyota Revo V AT, the decreased price is Rs10,612,500.
    5. Toyota Revo 4*4 Rocco (2755cc diesel), the decreased price is Rs11,192,500.

    Following are new rates of all variants Toyota Hilux Single Cabin:

    1. Toyota Hilux S/C Deckless, the decreased price is Rs5,171,500.
    2. Toyota Hilux S/C 4*2 STD, the decreased price is Rs5,571,500.
    3. Toyota Hilux S/C 4*4 STD, the decreased price is Rs7,351,500.

    READ MORE: Toyota Indus Motors offers 100% refunds on booking cancellation

    Following are new rates of all variants of Toyota Cross Hybrid:

    1. Toyota Cross 1.8L Low, the decreased price is Rs11,188,000.
    2. Toyota Cross 1.8L Smart, the decreased price is Rs11,968,000.
    3. Toyota Cross 1.8L Premium, the decreased price is Rs12,258,000.
  • New prices of Suzuki cars in Pakistan from August 16, 2022

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

    KARACHI: Suzuki Motors has announced new rates of its cars in Pakistan, which are applicable from August 16, 2022.

    According to Suzuki Ittehad Motors following are the new showroom prices of Suzuki cars in Pakistan.

    Following are the new rates of Suzuki Swift:

    1. Suzuki Swift GLX CVT, the decreased price is Rs3,760,000.

    2. Suzuki Swift GL CVT, the decreased price is Rs3,420,000.

    3. Suzuki Swift GL M/T, the decreased price is Rs3,180,000.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

    4. Suzuki Alto VXL, the decreased price is Rs2,223,000.

    5. Suzuki Alto VXD, the decreased price is Rs1,976,000.

    6. Suzuki Alto VX, the decreased price is Rs1,699,000.

    7. Suzuki Wagon-R VXL, the decreased price is Rs2,564,000.

    8. Suzuki Wagon-R AGS, the decreased price is Rs2.802,000.

    9. Suzuki Wagon-R VXR, the decreased price is Rs2,421,000.

    10. Suzuki Bolan Van, the decreased price is Rs1,500,000.

    READ MORE: Indus Motors rebuts plant shutdown reports

    11. Suzuki Bolan Cargo, the decreased price is Rs1,487,000.

    12. Suzuki Ravi Euro II, the decreased price is Rs1,424,000.

    13. Suzuki Ravi W/O Deck, the decreased price is Rs1,349,000.

    14. Suzuki Cultus VXL, the decreased price is Rs3,024,000.

    15. Suzuki Cultus AGS, the decreased price is Rs3,234,000.

    16. Suzuki Cultus VXR, the decreased price is Rs2,754,000.

    17. Suzuki Jimny MT, the decreased price is Rs6,049,000.

    READ MORE: Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    Pak Suzuki has announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

    In a letter to the Pakistan Stock Exchange (PSX) on Tuesday, Pak Suzuki Motor Co. Limited said that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022.

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

    READ MORE: Rolls-Royce, Hyundai signs pact to lead advanced air mobility market

    The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

    However, motorcycle plant will remain operative, the company added.

  • Suzuki shuts down plant in Pakistan on import restriction

    Suzuki shuts down plant in Pakistan on import restriction

    KARACHI: Pak Suzuki has announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

    In a letter to the Pakistan Stock Exchange (PSX) on Tuesday, Pak Suzuki Motor Co. Limited said that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022.

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

    The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

    However, motorcycle plant will remain operative, the company added.

    READ MORE: Indus Motors rebuts plant shutdown reports

  • Pakistan unveils first locally made electric car

    Pakistan unveils first locally made electric car

    ISLAMABAD: Pakistan unveiled its first ever electric hatchback car on Sunday, August 14, 2022. The car has been named Nur-E-75 (named after Noor).

    The company which manufactured the car is named as JaXari (named after a scientist from the 12th century, Ismael al-Jazari).

    READ MORE: Donald Blome visits Karachi to support US-Pakistan trade ties

    The car has been designed and developed by DICE foundation, which is U.S. based non-profit organization controlled by Pakistani expatriates. The local academia and the industries also contributed in the car manufacturing process.

    The car was unveiled in the ceremony started at 4:00 pm on August 14, 2022. The car was displayed in all its glory featuring awesome designs and functions.

    READ MORE: Pakistan Met office issues thundershower alert from August 14

    The car has capacity of five people, having five doors. The power peak is 107 horse power (80 kilo watt). The peak torque is 200Nm. The battery can work till the car covers the distance of 210 kilometer with the air conditioner on. However the actual range is still pending to be tested.

    The battery size is 35KwHr. The size of wheel is R16 205/55. The car is fully charged in seven-eight hours from regular 220V outlet, when charging slowly. On the other hand the car is fully charged in two hours from fast DC chargers when charging fast. The time for fast charging still needs to be premeasured.

    READ MORE: Jazz announces free calls to calamity hit Balochistan

    The Nur-E is just a concept car which is an initiative taken by Pakistani automotive industry. DICE Foundation is planning to secure investments to commercially produce this car, which may take up to three years.