Category: Automotive

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

  • Hyundai Motor launches Dynamics Artificial Intelligence Institute

    Hyundai Motor launches Dynamics Artificial Intelligence Institute

    SEOUL/CAMBRIDGE: Hyundai Motor Group (the Group) on Friday August 12, 2022 announced the launch of Boston Dynamics AI Institute (the Institute), with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines.

    The Group and Boston Dynamics will make an initial investment of more than $400 million in the new Institute, which will be led by Marc Raibert, founder of Boston Dynamics. 

    As a research-first organization, the Institute will work on solving the most important and difficult challenges facing the creation of advanced robots.

    Elite talent across AI, robotics, computing, machine learning and engineering will develop technology for robots and use it to advance their capabilities and usefulness.

    The Institute’s culture is designed to combine the best features of university research labs with those of corporate development labs while working in four core technical areas: cognitive AI, athletic AI, organic hardware design as well as ethics and policy.

    “Our mission is to create future generations of advanced robots and intelligent machines that are smarter, more agile, perceptive and safer than anything that exists today,” said Marc Raibert executive director of Boston Dynamics AI Institute.

    “The unique structure of the Institute — top talent focused on fundamental solutions with sustained funding and excellent technical support — will help us create robots that are easier to use, more productive, able to perform a wider variety of tasks, and that are safer working with people.”

    To achieve such advances, the Institute will invest resources across the technical areas of cognitive AI, athletic AI and organic hardware design, with each discipline contributing to progress in advanced machine capabilities. In addition to developing technology with its own staff, the Institute plans to partner with universities and corporate research labs.

    The Institute will be headquartered in the heart of the Kendall Square research community in Cambridge, Massachusetts. The Institute plans to hire AI and robotics researchers, software and hardware engineers, and technicians at all levels.                          

    In addition to the Institute, Hyundai Motor Group separately announced plans to establish a Global Software Center to lead development of its software capabilities and technologies and to enhance its capabilities to advance development of Software Defined Vehicles (SDVs).

    The Center will be established on the basis of 42dot, an autonomous driving software and mobility platform startup recently acquired by the Group.

  • Pakistan car sales drop 59% in July 2022

    Pakistan car sales drop 59% in July 2022

    KARACHI: The total sales of car in Pakistan have dropped by 59 per cent Month on Month (MoM) in July 2022.

    The sales are also included non-members of Pakistan Automotive Manufacturers Association (PAMA).

    READ MORE: Pakistan car sales surge 54 per cent in FY22

    Analysts at Topline Securities on Friday said Pakistan car sales (including sales of Non-PAMA members) clocked in at around 14,000 units down 59 per cent MoM primarily due to production issues, higher car prices resulting low purchasing power of consumers, and less working days due to Eid ul Adha holidays in Jul-2022.

    The car sales is also down by 52 per cent Year on Year (YoY).

    READ MORE: Toyota unveils all new Crown for first time

    Indus Motors (INDU) posted decline of 62 per cent MoM to 2,375 units primarily due to non-production days in the month of July 2022. Similarly, Hyundai sales was down by 89 per cent MoM to 201 units from 1,871 units in June 2022.

    Pak Suzuki Motors Company (PSMC) sales was down 58 per cent MoM in July 2022. All variant of company reported decline in the range of 57-95 per cent on MoM basis except for Alto where sales increased to 4,618 units from 1,216 units in June 2022, largely due to low base effect.

    Honda Atlas Car (HCAR) also recorded decline of 35 per cent MoM to 2,537 units in July 2022 led by decline in sales of City & Civic by 30 per cent MoM.

    READ MORE: Honda Motors to start pre-orders of ZR-V SUV by September 2022

    Amongst Tractors, Millat Tractors (MTL) recorded decline of 60 per cent MoM and 65 per cent YoY to 1,011 units . Al Ghazi Tractors (AGTL) recorded sales of 1,243 units, down 48 per cent MoM and 12 per cent YoY.

    Pakistan bike sales were down by 33 per cent MoM and 34 per cent YoY in July 2022. Atlas Honda (ATLH) recorded sales of around 80,000 units down 28 per cent MoM and 20 per cent YoY.

    Trucks & Buses sales were down 22 per cent MoM and 37 per cent YoY to 379 units in July 2022 primarily due to drop in transportation activities amid slowdown in overall economy.

    READ MORE: New tax rates on car registration from July 01, 2022

  • Customs I&I auctions confiscated motor vehicles on August 17

    Customs I&I auctions confiscated motor vehicles on August 17

    KARACHI: The Directorate of Customs Intelligence and Investigation (I&I), Quetta has announced auction of huge lot of motor vehicles on August 17, 2022.

    The auction of motor vehicles will be held at open ground, adjacent to the Directorate of Intelligence and Investigation – Customs, Jinnah Town, Quetta.

    The directorate to auction following motor vehicles:

    01. Honda Civic Car, Chassis No. JHMFD163065213860, Model 2006

    02. Honda Civic Car, Chassis No. JHMES55805S203809, Model 2005

    03. 13/2022 Suzuki Alto, Chassis No. VXR Car HA23S-711792, Model 2003

    04. Suzuki Jimny Jeep, Chassis No. JB43W-200680, Model 2005

    05. Suzuki Swift Car, Chassis No. ZC71S-420900, Model 2007

    READ MORE: Karachi Customs to auction confiscated vehicles on August 11, 2022

    06 Suzuki Swift Car, Chassis No. ZC11S-150707, Model 2005

    07. Toyota Aqua Car, Chassis No. NHP10-2361456, Model 2014

    08. Toyota Axio Car, Chassis No. NZE141-6064110, Engine No. 1NZFE, Model 2007

    09. Toyota Corolla Car, Chassis No. NZE121-3397422, Model 2006

    10. Toyota Crown Car, Chassis No. GRS182-0017419, Model 2004

    11 Toyota Fielder Car, Chassis No. NZE141-9007785, Model 2006

    12. Toyota Fielder Car, Chassis No. NZE121-0016153, Model 2000

    13. Toyota Fielder Car, Chassis No. ZZE121-0068387, Model 2002

    14. Toyota Pickup, Chassis No. YN86-1001638

    15. Toyota Premio Car, Chassis No. ZZT240-5006242, Model 2003

    16. Toyota Premio Car, Chassis No. ZRT260-3006161, Engine No. 2ZRFE (1800 CC), Model 2007

    17. Toyota Premio Car, Chassis No.  ZZT240-5045305, Engine No. 1ZZFE (1800CC), Model 2005

    READ MORE: Peshawar Customs to auction motor vehicles on August 11, 2022

    18. Toyota Premio Car, Chassis No. ZZT240-5007124, Engine No. 1ZZ-FE (1800 CC), Model 2003

    19. Toyota Surf, Chassis No. RZN185-0041730, Engine No. 3RZFE (2700CC), Model 2001

    20. Toyota Vitz Car, Chassis No. SCP90-5054052, Engine No. 2SZFE (1300CC), Model 2005

    21. Toyota Vitz Car, Chassis No. SCP10-0340082, Engine No. 1SZFE(1000CC), Model 2003

    22. Toyota Vitz Car, Chassis No. NCP10-0152094, Model 2002

    23. Toyota Mark X Car, Chassis No. GRX1211002280, Engine No. 3GRFSE, Model 2004

    24. Toyota Land Cruiser Prado, Chassis No. GRJ151-0003527, Engine No. 1GRFE (4000CC), Model 2014

    25. Suzuki Alto Car, Chassis No. HA22S-612933, Model 2000

    26. Toyota Premio Car, Chassis No. ZRT260-3019744, Engine No. 2ZRFE, Model 2007

    27. Toyota Aqua Car, Chassis No. JTDKD3B3101002548, Engine No. 1NZFXE, Model 2012

    28. Toyota Premio Car, Chassis No. ZRT260-3055635, Engine No. 2ZRFE, Model 2009

    29. Toyota Land Cruiser Lexus V-8, Chassis No. JTJHT00W703542674, Model 2004

    30. Toyota Prado, Chassis No. VZJ95-0080824, Model 2000

    31. Carina Car (accidental/poor condition), Chassis No CT170-2038468, Engine No. 1946537, Model 1991

    32. Dahitsu Mira Car, Chassis No. JDAL2015000031905, Engine No. 1994

    33. Nissan Jeep, Chassis No. JLR50-004992, Model 1998

    34. Range Rover, Chassis No. SALLPAMJ3VA372646, Model 1998

    READ MORE: Gwadar customs auctions motor vehicles on July 28, 2022

    35. Toyota Corolla Car, Chassis No. EE90-0036489, Engine No. 2343412, Model 1991

    36. Toyota Corolla Car, Chassis No. KE55-766143

    37. Corolla Car (accidental/poor condition), Chassis No. AE100-3209410, Model 1993

    38. Toyota Crown Majesta, Chassis No. UZS186-0011118, Engine No. 3UZ-FE, Model 2004

    39. Toyota Fielder Car, Chassis No.  ZZE122-0014947, Model 2000

    40. Toyota Hiace Van, Chassis No. JT721LHB3001 71861

    41. Hiace Van (accidental/poor condition), Chassis No. LH71B-0001253, Engine No. 2L-1043920, Model 1982

    42. Toyota Land Cruiser, Chassis No. UZJ100-0117691, Engine No. 2UZFE, Model 2000

    43. Toyota Land Cruiser, Chassis No. JT111TJ3207404810, Model 1996

    44. Toyota Land Cruiser Prado, Chassis No. VZJ195-0060970, Engine No. 5VZ-FE, Model 1999

    45. Toyota Mark X Car, Chassis No. GRX120-0034825, Model 2005

    46. Toyota Mark-X Car, Chassis No. GRX121-1005643, Engine No. 3GRFSE, Model 2005

    47. Toyota Mark-X Car, Chassis No. GRX120-0077315, Model 2006

    48. Toyota Premio Car, Chassis No. ZRT260-3025047, Model 2017

    49. Toyota Premio Car, Chassis No. ZZT240-0061554, Model 2003

    READ MORE: Peshawar Customs announces auction of motor vehicles on July 26, 2022

    50. Toyota Premio Car, Chassis No. ZZT240-0012752, Engine No. 1ZZFE, Model 2002

    51. Toyota Sprinter Car, Chassis No. CE96-0092582 Engine No. 1C, Model 1990

    52. Toyota Hilux Pickup, Chassis No. JT733RN8509013890, Model 1992

    53. Toyota Premio Car, Chassis No. ZRT260-3069220, Engine No. 2ZRFAE, Model 2010

  • Toyota Motors suspends production at Tsutsumi plant

    Toyota Motors suspends production at Tsutsumi plant

    JAPAN: Toyota Motors Corporation on Monday announced to suspend production at Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan after detection of Covid-19 cases.

    The company apologized for the anxiety and concern that this news may cause to people in the surrounding regions. The virus is an issue that has the potential to affect all Toyota locations and company is still working to further enhance communication and health checks with staff at all locations.

    READ MORE: COVID-19 cases reported at Toyota work sites

    Toyota is actively implementing measures to prevent the further spread of the virus and remain committed to provide timely updates as the situation requires.

    Announced on August 8, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males in their 30’s, a male in his 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on August 8.

    Date tested positive

    August 5 and 6, 2022

    Last date at work

    August 5, 2022

    Date work site was disinfected

    August 5, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation.

    Announced on July 27, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (three males 20’s, a male 30’s, three males 40’s, a female 30’s.)

    Affect to production operation

    READ MORE: Global car manufacturers agree to introduce electric mini-commercial vans

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 27.

    Date tested positive

    July 24, 25, and 26, 2022

    Last date at work

    July 23 and 25, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation following the decision announced on July 26.

    Announced on July 26, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males 20’s, a male 30’s, two males 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 26.

    Date tested positive

    July 24 and 25, 2022

    Last date at work

    July 23, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Announced on January 20, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (4 males each in their 20’s, 30’s, 40’s and 50’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on January 20.

    Date tested positive

    January 17, 18, and 19, 2022

    Last date at work

    January 17, 2022

    Date work site was disinfected

    January 17, 18, and 19, 2022

    Announced on January 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (ten males in 20’s, one male in 30’s, and three males in 40’s.) 

    Affect to production operation

    Decided to suspend operations on production line #2 at Tsutsumi plant for the first shift from January 19 to 22.

    Date tested positive

    January 18 and 19, 2022

    Last date at work

    January 18 and 19, 2022 

    Date work site was disinfected

    January 18 and 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan 

    Type of worker

    Line workers (eight males in 20’s and 40’s.) 

    Affect to production operation

    Production line #2 at Tsutsumi plant halted operation for the first shift on January 19. 

    Date tested positive

    January 18, 2022 

    Last date at work

    January 18, 2022 

    Date work site was disinfected

    January 18, 2022

  • Karachi Customs to auction confiscated vehicles on August 11, 2022

    Karachi Customs to auction confiscated vehicles on August 11, 2022

    ISLAMABAD: The Collectorate of Customs Enforcement, Karachi has announced auction of confiscated motor vehicles on August 11, 2022 at Anti-Smuggling Office (ASO), Ghasbandar Keamari, Karachi.

    The Collectorate is schedule to auction following vehicles.

    01. One Unit Old & Used Toyota Crown Saloon Car, Reg. M-3751 – Model – 1981 Chassis # MS112-061156 Engine # 2TZ0250677

    READ MORE: Peshawar Customs to auction motor vehicles on August 11, 2022

    02. One Unit Old & Used Toyota Land Cruiser Jeep Reg. LZN-888 Model 1999 chassis # UZJ100-0081129 Engine # 2UZ-0132269.

    03. One Unit Old & Used Jaguar SUV S Type Reg. # AAR – 770 (Sindh) – 3000 CC, Model – 2002 Chassis # SAJACO2EX2FM144654.

    04. One Unit Old & Used Toyota Surf Jeep Reg. BD-1234 (Sindh) Modal 1992 2446CC Chassis # LN130-0125263 Engine # 2.L-TE

    05. One Unit Old & Used Nissan Station Wagon Reg No. CD-2120 Model 1990, 2500CC Chassis # TGD21-500077 Engine # 000332

    06. One Unit Old & Used Toyota Cresta Saloon Car Reg No DGA-265, Model 1996 2491CC Chassis # JZX100-6000152 Engine # 20704205

    READ MORE: Gwadar customs auctions motor vehicles on July 28, 2022

    07. One Unit Old & Used Toyota Crown Car Reg. No. ALD-030 Model 2004 Chassis.#-GRS182-0002959

    08. One Unit Old & Used Toyota MarK- X Car Reg. No. GS-2314 Model 2004 Chassis.#-GRX121-3000273

    09. One Unit Old & Used Toyota Surf Jeep Reg. No. BF-8252 Model 1990 Chassis<#-LN130-0042931

    10. One Unit Old & Used Toyota Corolla Car Reg. No. TD-497 J Model 2000 Chassis No.CE121-3000202 Engine No. 30-E-2134

    11. One Unit Old & Used Toyota Land Cruiser Prado Reg. No. BD-3253 Model 2002 Chassis No. VZJ125-0001103

    12. One Unit Old & Used Toyota Crown Car Reg. No. ANQ179 Model 2007 Chassis No. GRS184-0015746

    13. One Unit Old & Used Honda Cross Road Reg. No. BF-0628 Model 2007 Chassis No. RT3-1002127

    14. Old & Used Toyota Mark-X Car Reg. No. ANU-808 Model 2007 Chassis No. GRX120-3050526

    15. Old & Used Toyota Corolla Saloon Car Reg. No. AAH-329 Model 1991 Chassis No. AE100-3063950

    READ MORE: Peshawar Customs announces auction of motor vehicles on July 26, 2022

    16. Old & Used Toyota Land Cruiser Prado Reg. No. BF-9736 Model 1999 Chassis No. VZJ95-0055467

    17. Old & Used Toyota Hilux Surf Jeep Reg. No. X-52-AF/ X-52-89 Model 1992 Chassis No. LN130-7004751

    18. Old & Used BMW CAR M3 Reg. No. BQC-568 Model 2002 Chassis No. WBSL92040JR02784

    19. Old & Used BMW CAR M3 Reg. No. Nil Model 2002 Chassis No. WBSL92000JR02359

    20. Old & Used Toyota Crown Royal Saloon Reg. No. AJB-585 Car Model 2004 Chassis No. GRS182-0017053

    21. Old & Used Toyota Hilux Surf Jeep Reg. No. BD-3391 Model 1997 Chassis No. KZN185-9021416

    22. Old & Used Toyota Land Cruiser Jeep Reg. No. AC-666 Model 2003 Chassis No. UJZ100-0147239

    23. Old & Used Honda Civic Car Reg. No. ANB-300 Model 2008 Chassis No. JHMFD36B8S212257

    24. Old & Used Toyota Hilux Surf Jeep Reg. No. BF-7898 Model 1999 Chassis No. RZN185-9023859

    25. Old & Used Suzuki Swift Car Reg. No.AYU-137 Model 2005 Chassis No. ZC11S-126213

    READ MORE: MCC Gwadar to auction motor vehicles on July 18, 2022

    26. Old & Used Toyota Hi-Lux Surf Jeep Reg. No. JSA-449 Model 1998 Chassis No. VZN185-9023173

    27. Old & Used Honda Civic Saloon Car Reg. No. APY-178 Model 2006 Chassis No. FD3-1002855

    28. Old & Used Toyota Corolla Luxel Car Reg. No. GP-9041 Model 2004 Chassis No. ZZE122-3096314

    29. Old & Used Toyota Hi-Lux Surf Jeep Reg. No. QAY-3013 Model 1995 Chassis No. KZN185-0004698

    30. Old & Used Wrangler Jeep Reg. No. BG-8530 Model 1997 Chassis No. 1J4FY49S7VP511051

    31. One Unit Old & Used Toyota Passo Car Model 2005 Reg. No. AUW-419 Chassis No. KGC10-0066546

    32. One Unit Old & Used Suzuki Swift Car Model 2007 Reg. No. BAY-324 Chassis No. ZC71S-423182

    33. One Unit Old & Used Honda Civic Saloon Car Model 2006 Reg. No. AQR-345 Chassis No. FD3-1100458

    34. One Unit Old & Used Toyota ALTEZZA Car Model 1999 Reg. No.AHZ-343 Chassis No. GXE10-0015955

    35. One Unit Old & Used Toyota Land Cruiser Model 2006 Reg. No. Nil Chassis No. GRJ120-5045389

    36. One Unit Old & Used Toyota Vitz Car Model 2007 Reg. No. AAQ-119 Chassis No. NCP95-0026497

    37. One Unit Old & Used Honda Civic Saloon Car Model 2008 Reg. No. AYF-144 Chassis No. FD3-1301865

    38. One Unit Old & Used Toyota Hi-lux Surf Jeep Model 1996 Reg. BD-0681 Chassis No. RZN185-0019822

    39. One Unit Old & Used Honda Civic Saloon Car Model 2006 Reg. No. APW-052 Chassis No. FD3-1004937

    40. One Unit Old & Used Suzuki Swift Car Model 2007 Reg. No. AYR-491 Chassis No. ZC71S-426211

    41. One Unit Old & Used Toyota Passo Car Model 2004 Reg. No. AXS-483 Chassis No. KGC10-0006422

    42. One Unit Old & Used Toyota Vitz Car Model 2005 Reg. No. GP-0770 Sindh Chassis No. SCP90-0020090

    43. One Unit Old & Used Honda Civic Car Model 2009 Reg. No. PX-650 Chassis No. FD3-1303199

    44. One Unit Old & Used Honda Civic Car Model 2007 Reg. No. ANB-300 Chassis No. JHMFD36207S207S207S213050

    45. One Unit Old & Used Toyota Land Cruiser Jeep ZX Reg. AAB-786 Model 2012 Chassis No. URJ202-4027315

    46. One Unit Old & Used Toyot Land Cruiser Reg. No. BC-5831 Model 1999 Chassis No. HDJ101-0013385

    47. One Unit Old & Used Toyota Surf Jeep Reg. No. GP-7700 Model 2001 Chassis No. VZN185-9053424

    48. One Unit Old & Used Honda Cross Road Jeep Reg. No. BG-0335 Model 2007 Chassis No. RT1-1003734

    49. One Unit Old & Used Toyota Mark-X Saloon Car Reg. No. BBD-048 Model 2006 Chassis No. GRX120-3013393

    50. One Unit Old & Used Toyota Mark-X Car Reg. No. ARC-717 Model 2005 Chassis No. GRX121-1004300

    51. One Unit Old & Used Toyota Premio Car Reg. No. BBQ-292 Model 2008 Chassis No. ZRT260-3047660

    52. One Unit Old & Used Honda Civic Car Reg. No. AYX-712 Model 2008 Chassis No. JHMFD36208S207806

    53. One Unit Old & Used Honda Civic Car Reg. No. AQB-554 Model 2006 Chassis No.FD3-1003537

    54. One Unit Old & Used Honda Civic Car  Reg. No. ANJ-726 Model 2007 Chassis No. FD3-1104004

    55. One Unit Old & Used Honda Civic Car Reg. No.ARG-419 Model 2006 Chassis No. FD3-1005837

    56. One Unit Old & Used Honda Civic Car Reg. No. ARQ-782 Model 2008 Chassis No. JHMFD36208S201588

    57. One Unit Old & Used Honda Civic Car Reg. No. LEF-13-1131 Model 2007 Chassis No. FD3-1100388

    58. One Unit Old & Used Suzuki Swift Car Reg. No. AAM-179 Model 2007 Chassis No. ZC71S-425811

    59. One Unit Old & Used Suzuki Swift Car Reg. No. AGV-101 Model 2004 Chassis No. ZC11S104415

    60. One Unit Old & Used Suzuki Swift Car Reg. No. AWX-050 Model 2004 Chassis No. ZC11S107033

    61. One Unit Old & Used Suzuki Swift Car Reg. No. ATG-213 Model 2010 Chassis No. ZC71S-588825

    62. One Unit Old & Used Suzuki Swift Car Reg. No. BDU-114 Model 2006 Chassis No. ZC21S-151748

    63. One Unit Old & Used Suzuki Swift Car Reg. No. AXE-550 Model 2008 Chassis No. ZC71S-464926

    64. One Unit Old & Used Toyota Vitz Car Reg. No. KV-286 Model 2002 Chassis No. NCP10-0167507

    65. One Unit Old & Used Toyota Surf Jeep Reg. No. BG-0133 Model 2007 Chassis No. GRN215-8107741

    66. One Unit Old & Used Cherokee Jeep Reg. No. BC-9877 Model 2001 1J4G858S41Y523609

  • Peshawar Customs to auction motor vehicles on August 11, 2022

    Peshawar Customs to auction motor vehicles on August 11, 2022

    ISLAMABAD: Collectorate of Customs (Enforcement), Peshawar has announced auction of motor vehicles to be held on August 11, 2022 at state warehouses of Peshawar, Mardan and Nowshera.

    The Collectorate issued the auction schedule for following vehicles:

    LIST OF VEHICLES RIPE FOR AUCTION SWH GODOWN-E, PESHAWAR

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

    02. Toyota Corolla Car Model 1987 (As per Website), Chassis No. CE90-3002413

    READ MORE: Gwadar customs auctions motor vehicles on July 28, 2022

    03. Toyota Crown Car Model 2000 (As per Website), Chassis No. GS171-0001109

    04. Toyota Hilux Surf Model 1990 (As per Website), Chassis No. LN130-0018395

    05. Suzuki Splash Liana Car Model 2005 (As per documents), Chassis No. JSAERC11S00200283

    06. Toyota State Car Model 1990 (As per Website), Chassis No. CE96-0089577

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

    08. Toyota Corolla “X” Car Model 2000 (As per Website), Chassis No. NZE121-3021387

    READ MORE: Peshawar Customs announces auction of motor vehicles on July 26, 2022

    09. Toyota Corolla  Car Model 1993 (As per Website), Chassis No. CE106-0049233

    10. Toyota Corolla  Car Model 1987 (As per Website), Chassis No. CE90-5002682

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

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

    LIST OF VEHICLES RIPE FOR AUCTION SWH MARDAN

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

    02. Toyota Corolla Car Model 1992 (As per Website), Chassis No. CE100-3025153

    READ MORE: MCC Gwadar to auction motor vehicles on July 18, 2022

    03. Toyota Estate Car Model 1998 (As per Website), Chassis No. CE100-0073091

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

    05. Toyota Corolla  Altis Car Model 2005 (As per Website), Chassis No. MRO53ZEC107097220

    06. Toyota Corolla  Car Model 2005 (As per Website), Chassis No. NZE121-3301287

    07. Toyota Corolla  Altis Car Model 2005 (As per Website), Chassis No. MRO53ZEC107096483

    READ MORE: Customs to auction NDP vehicles on June 8, 2022

    08. Toyota Vitz Car Model 2007 (As per Website), Chassis No. SCP90-5083411

    LIST OF VEHICLES RIPE FOR AUCTION SWH NOWSHERA

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

  • New prices of Honda Cars in Pakistan

    New prices of Honda Cars in Pakistan

    KARACHI: Honda Khair, the authorized dealership of Honda Motors in Pakistan announced the new prices of its cars effective from July 30, 2022.

    According to Honda Khair, following are the new showroom prices of Honda cars:

    The new price of City MT 1.2L is Rs4,049,000.

    The new price of City CVT 1.2L is Rs4,199,000.

    The new price of City CVT 1.5L is Rs4,439,000.

    The new price of City Asp MT 1.5L is Rs4,609,000.

    The new price of City Asp CVT 1.5L is Rs4,799,000.

    The new price of BR-V CVT S is Rs5,299,000.

    The new price of Civic 1.5L M CVT is Rs6,799,000.

    The new price of Civic 1.5L Oriel M CVT is Rs7,099,000.

    The new price of Civic RS 1.5LL CVT is Rs8,099,000.

    READ MORE: Super tax to hammer auto business in Pakistan: Honda Atlas

    The Rupee devaluation has approached an alarming level under the vague economic and political direction; further aggravating the situation.

    Resultantly, the car customers are facing delays in delivery, hikes in prices and temporary non- availability of some car variants.

    Moreover, the fiscal measures adopted by the State Bank of Pakistan (SBP) for the management of foreign reserves has unavoidably impacted the import and production schedules lately.

    READ MORE: Honda Cars declares 29% fall in quarterly profit

    The company in its detailed financial report said: “The imposition of Super Tax will further hammer the already thin margins of auto business.”

    The company also said that the automobile industry is considered as one of the key sectors for rapid transformation of the economy.

    Likewise, the automobile industry of Pakistan epitomizes considerable growth, capacity building and technological prowess.

    READ MORE: Honda to slash production on supply constraints

    “The current state of auto sector, however, has matured differently through the quarter under review. Adverse USD/PKR exchange rate parity and global supply glitches continue to undermine the Industry’s potential throughout,” it said.

  • Honda continue to provide technical support for RBPT

    Honda continue to provide technical support for RBPT

    JAPAN: The Honda Racing Corporation (HRC), which is the subsidiary of Honda Motors Co. Ltd on Tuesday agreed to provide technical support for Red Bull Powertrains (RBPT), relating to Formula 1 power units from 2023 to the end of 2025.

    The press release issued on August 02, 2022 stated that in 2022, HRC has been providing PU-related technical support in line with Red Bull’s request to Honda, with both Oracle Red Bull Racing and Scuderia AlphaTauri therefore using the PU from the support program.

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    The extension of the existing agreement for HRC to continue providing technical support from 2023 to 2025 has now been mutually agreed between Red Bull and Honda.

    Honda officially ended its participation in Formula 1 at the end of 2021, with the resources allocated to PU development diverted to meet the company’s future carbon-neutral goals.

    The ongoing agreement between the two parties does not involve PU development, therefore HRC will be able to provide this service from within its current resources.

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    Dr. Helmut Marko, Motorsport Advisor, Oracle Red Bull Racing said, “We thank Honda for their positive response to working together. We are excited to continue our partnership in F1 until the end of 2025 with the PU supplied by Honda. We have had a successful relationship so far, winning the Drivers’ championship in 2021 and currently leading the Drivers’ and Teams’ classifications, with the aim of securing both 2022 titles.”

    Christian Horner, Red Bull Powertrains CEO and Team Principal said, “Red Bull’s partnership with Honda has been an incredibly successful one and we are pleased that this will continue until the end of the current era of the FIA’s power unit regulations in 2025.”

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    Koji Watanabe, Head of Corporate Communications Supervisory Unit, Honda Motor Co., Ltd. and President of Honda Racing Corporation said, “We have agreed to continue supporting Red Bull Power Trains in Formula 1 through HRC, following Red Bull’s request to extend our current agreement, which HRC can meet within its existing resources. Once again, we aim to use our involvement in the pinnacle of motorsport for the development of technologies and of our workforce.”

  • Hyundai’s heavy duty trucks to be exported to Germany

    Hyundai’s heavy duty trucks to be exported to Germany

    SEOUL: Hyundai Motor Company announced on Tuesday to export XCIENT Fuel Cell heavy-duty trucks to Germany, the biggest commercial vehicle market in Europe.

    Seven companies of Germany in logistics, manufacturing and retail will put 27 XCIENT Fuel Cell trucks into fleet service with funding for eco-friendly commercial vehicles from Germany’s Federal Ministry for Digital and Transport (BMDV). 

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    Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation of Hyundai Motor Company said:

    “We are glad to now also officially enter the German commercial vehicle market with our heavy-duty fuel cell electric truck, the XCIENT Fuel Cell. Hyundai Motor, which is recognized as the leader in hydrogen fuel cell technology, will leverage this opportunity to expand our business into the wider European market by successfully supporting Germany’s efforts to achieve its carbon neutral goals,”

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    In August 2021, BMDV rolled out its funding guidelines for commercial vehicles with alternative drive systems upon approval by the European Commission. The funding is available for battery, fuel cell and (overhead line) hybrid electric vehicles, corresponding to refueling/charging infrastructure and related feasibility studies. BMDV will have a budget of 1.6 billion euros available until 2024 to purchase eco-friendly commercial vehicles. 

    The aforementioned seven German companies initially applied for the funding with Hyundai’s XCIENT Fuel Cells and successfully received approval from BMDV, again proving XCIENT Fuel Cell’s product competitiveness. 

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    Hyundai Hydrogen Mobility, a joint venture between Hyundai Motor Company and Swiss company H2 Energy, has also established Hyundai Hydrogen Mobility Germany GmbH (HHMG) to actively expand its entry into the hydrogen-powered commercial vehicle market in Germany. In order to establish a hydrogen ecosystem in the country, HHMG will operate local market sales and customer service as well as upfitter management in the market. HHMG also plans to actively participate in the second funding program.

    XCIENT Fuel Cell Specifications

    The XCIENT Fuel Cell to be delivered is equipped with a 180-kW hydrogen fuel cell system with two 90-kW fuel cell stacks. The system’s durability and the vehicle’s overall fuel efficiency are tailored to the demands of commercial fleet customers. The 350-kW e-motor with maximum torque of 2,237 Nm enables dynamic driving performance.

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    XCIENT Fuel Cell’s seven large hydrogen tanks offer a combined storage capacity of around 31 kg of fuel, while a 72-kWh-powered set of three batteries provides an additional source of power. The maximum driving range is 400 km per charge. Refueling a full tank of hydrogen takes about 8 to 20 minutes, depending on the ambient temperature. 

    Launched in 2020 by Hyundai Motor, XCIENT Fuel Cell is the world’s first mass-produced hydrogen electric heavy-duty truck. The company has already deployed 47 units in Switzerland where they have accumulated more than four million kilometers in driving as of July 2022. The trucks are servicing 23 different customers in Switzerland.

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  • Hyundai Motors announced 4% growth in July global sales

    Hyundai Motors announced 4% growth in July global sales

    SEOUL: Hyundai Motor Company on Monday announced that its July 2022 global sales registered an increase of 4 per cent to 325,999 units.

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    In markets outside of Korea, Hyundai Motor sold a total of 269,694 units, a 6.3 percent increase from a year earlier.

    Despite global component shortages and ongoing geopolitical issues, the sales in global markets have recovered steadily this year.

    READ MORE: Hyundai announces second quarter financial results

    Sales in Korea were down by 5.9 percent year-over-year to 56,305 units. However, the company maintained solid sales of SUV models and Genesis luxury brand vehicles, selling 15,371 units and 10,512 units, respectively.

    Amid fiercer competition in the global electric vehicle (EV) market, the company is solidifying its position as an EV leader. In July, Hyundai sold over 16,000 EVs on a retail sales basis, a 24 percent increase from a year earlier, with more than 8,000 units of IONIQ 5 leading the way.

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    In spite of unfavorable external conditions, including ongoing components shortages and cost fluctuations of raw materials, Hyundai will continue to alleviate business uncertainties by optimizing production and inventory status while diversifying business strategies tailored for each region.

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