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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.

  • Chevrolet unveils all-electric 2024 Blazer EV

    Chevrolet unveils all-electric 2024 Blazer EV

    DETROIT: Chevrolet revealed the all-electric 2024 Blazer EV on Wednesday expanding the growing electric vehicle (EV) portfolio. The car makes the ownership more accessible and driving Chevy into the heart of the growing midsize electric crossover segment.

    Multiple distinct trims, multiple range options — Including an available GM-estimated range of up to 320 miles on a full charge— and available front, rear- and all-wheel-drive configurations offer customers more choices, and a seamless EV experience designed to complement virtually every lifestyle.

    Those choices include available 1LT, 2LT, RS and Chevy’s first-ever electric SS performance model, along with a pursuit-rated Police Pursuit Vehicle (PPV) model for police fleet applications.

    Scott Bell, vice president of Chevrolet said that, “The 2024 Blazer EV sets a new tone for electric SUVs, with options and intuitive technologies that help position Chevy for leadership in one of the fastest-growing EV segments.”

    He also said that, “Along with the all-new Silverado EV and Equinox EV coming next year, we are making great strides in offering more choices for zero tailpipe-emissions vehicles — choices that make switching to an EV easier than ever.”

    The Blazer EV is based on GM’s innovative Ultium Platform with athletic styling that elevates the heralded design established in 2018 by the gas-powered Chevrolet Blazer, and performance cues inspired by the Camaro and Corvette.

    With design and engineering developed to live up to the legacy of the iconic Super Sport performance designation, the Blazer EV SS offers customers the most powerful experience in the lineup.

    It features an exclusive performance AWD propulsion configuration designed to produce up to 557 horsepower and up to 648 lb-ft of torque, and unique WOW (Wide Open Watts) mode enabling 0-60 sprints of approximately less than 4 seconds (based on GM estimates).

    Additional Blazer EV highlights include:

    Driving range options up to an available GM-estimated 320 mileson a full charge (depending on the trim)

    11.5 kW level 2 (AC) charging and standard DC public fast-charging capability of up to 190 kW, depending on the model, which enables approximately 78 miles of range to be added in 10 minutes, per GM estimates

    Large, intuitive 17.7-inch-diagonal customizable infotainmenttouchscreen

    Full LED exterior lighting, with choreographed walk-up/walk-away animation on RS and SS models

    Beautiful, spacious and sustainably crafted cabin made with soft-touch materials

    Available Super Cruisehands-free driving technology for compatible roads

    Advanced safety features intended to inspire confidence, including Reverse Automatic Brakingand Advanced Park Assist

  • Nissan launches all new X-Trail in Japan

    Nissan launches all new X-Trail in Japan

    YOKOHAMA, Japan: Nissan Motor Co., Ltd on Wednesday launched all new X-Trail which will be in sale from July 25, 2022 in Japan.

    X-Trail went on to become a bestselling SUV and is widely viewed as an iconic Nissan. Over the years, Nissan has continued to evolve the X-Trail. The latest incarnation features leading-edge technologies, powerful performance and a level of equipment that only a genuine SUV offers.

    READ MORE: Pakistan’s import of CBU motor cars surges by 21% in FY22

    The fourth-generation X-Trail maintains the “tough gear” concept from the first-generation model with an even greater focus on quality. The second-generation e-POWER electric powertrain system and e-4ORCE electric-drive all-wheel control technology raise the bar for its class. As an authentic SUV that combines tradition and innovation, the all-new X-Trail provides excitement in a wide range of scenarios, ranging from daily use to exciting outdoor adventures.

    Ashwani Gupta, Nissan’s chief operating officer said, “As announced in Nissan Ambition 2030, Nissan aims to drive towards a cleaner, safer, and more inclusive world through our products and services”.

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

    “With this in mind, we are electrifying major models, with the X-Trail for the Japan market becoming a dedicated e-POWER model with e-4ORCE an option. The new X-Trail will play an important role in leading our electrification” he said. 

    e-POWER and VC-Turbo engine provide powerful yet quiet acceleration
    The all-new X-Trail features a completely redesigned platform that reduces body weight while increasing rigidity. A high level of cabin quietness has been achieved by insulating against road and powertrain noise.

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

    The X-Trail comes equipped with the second-generation e-POWER system, which features improved power, smoothness and quietness. The system’s gasoline engine, the world’s first mass-produced variable compression ratio engine, serves as a generator to produce electricity. Specifically tuned for the e-POWER system, the VC-Turbo engine significantly improves output even at low revs. The combination of e-POWER and the VC-Turbo engine provides a powerful driving experience and unparalleled quietness, while maintaining high fuel efficiency.

    e-Pedal Step reduces the need to apply the brakes by providing deceleration when the accelerator pedal is released. The function provides increased peace of mind and smoother driving on city roads, slippery surfaces and downhill slopes.

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

    e-4ORCE changes the view of 4WD
    The 4WD X-Trail is equipped with e-4ORCE, which integrates Nissan’s electric propulsion and 4WD control technologies with its chassis-control technology for a huge leap in acceleration, cornering and braking performance. e-4ORCE raises driving performance and confidence on a wide variety of road surfaces, while providing a supremely comfortable onboard experience for all occupants.

    e-4ORCE delivers:

    • Intuitive driving: Instantly assessing the road surface and vehicle condition, e-4ORCE precisely controls the driving force and braking of the front and rear twin electric motors to maximize tire frictional force. This ensures smooth cornering and boosts driving confidence.
    • Confidence on all kinds of road surfaces: By always ensuring optimal traction, e-4ORCE minimizes wheel slippage and enables smooth starting and driving, even in slippery conditions.
    • Ride comfort for all: When decelerating, the front and rear motors control regenerative balance to stabilize the vehicle’s movement, ensuring a smooth ride for driver and passengers alike.
    • Powerful, smooth output: The high-output motors respond instantly to accelerator pedal pressure, delivering powerful yet smooth acceleration that makes merging onto expressways easy. 

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

    Advanced technologies
    The all-new X-Trail features a wide range of safety technologies that support driving in a variety of conditions.

    • Nissan Safety Assist 360 utilizes cameras, radar and sonar to constantly monitor the vehicle’s surroundings and can take safety steps if necessary.
    • An SOS call service can provide assistance in the event of an emergency.
    • An adaptive LED headlight system enables use of the high beam in conjunction with the low beam to illuminate surrounding areas even when there are preceding or oncoming vehicles.
    • Navi-link has been added to ProPILOT, Nissan’s autonomous drive technology designed for highway use in single-lane traffic. ProPILOT with Navi-link reduces the frequency of driver operations by supporting vehicle speed changes in line with posted speed limits, as well as deceleration support for curves.
    • ProPILOT Park controls the steering, accelerator, brakes, gear shift and the parking brake for precise, safe parking in a wide variety of situations.

    Sturdiness and premium quality

    • The all-new X-Trail’s exterior raises the bar for SUVs by combining the “tough gear” legacy of the first-generation with even higher levels of quality. The headlamps have a two-layer structure, with the position lamps and turn lamps at the top and the main lamps below. The boomerang-shaped rear combination lamps use a delicate faceted pattern that conveys exquisite workmanship.
    • The interior design gives a feeling of both toughness and premium quality. The center console has a bridge structure that includes a large cup holder and storage space. The console lid also functions as an armrest. Roll-down sunshades are installed on the rear windows to enhance interior comfort.
    • The lineup features 12 body colors, including five two-tone options and Cardinal Red, which is inspired by the deep crimson hues of a rose. Four seat materials are available: black fabric, premium tan Nappa leather, Nissan’s exclusively developed Tailor Fit™ and Cell-Cloth®, a water-repellant material that’s ideal for people who enjoy outdoor activities like skiing and marine sports.

    User-friendly features

    • The 12.3-inch Advanced Drive Assist Display has two display modes. The 12.3-inch NissanConnect navigation system in the center display has a voice recognition function that enables operation using everyday language and Amazon Alexa*3 for greater convenience. The large 10.8-inch head-up display allows the driver to see information while watching the road.
    • The luggage space is best-in-class and its large opening makes it easy to load and unload luggage.
    • The Bose Premium Sound System is tuned exclusively for the X-Trail and provides a premium sound experience.
    • The 100V AC power source has a maximum output of 1500W and can be used as an emergency power source.
  • Pakistan’s import of CBU motor cars surges by 21% in FY22

    Pakistan’s import of CBU motor cars surges by 21% in FY22

    ISLAMABAD: The import of Completely Built Unit (CBU) motor cars into Pakistan has surged by 21 per cent in fiscal year 2021/2022.

    According to data released by Pakistan Bureau of Statistics (PBS) on Tuesday, the import of CBU motor cars increased to $310.41 million during fiscal year 2021/2022 as compared with $256.2 million in the preceding last fiscal year.

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

    In terms of rupee, the import of CBU motor cars posted a growth of 34.51 per cent to Rs54.67 billion during fiscal year 2021/2022 as compared with Rs40.65 billion in the preceding fiscal year.

    The overall import of CBU vehicles registered an increase of 59.3 per cent to $616.39 million in the fiscal year under review as compared with $386.95 million in the preceding fiscal year.

    The country imported CBU buses, trucks and other heavy vehicles worth $302 million and CBU motor cycles worth $4.12 million during the fiscal year 2021/2022.

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

    On the other hand the import of Completely Knocked Down (CKD) motor cars recorded a massive growth of 52 per cent to $1.7 billion during fiscal year 2021/2022 as compared with $1.12 billion in the preceding fiscal year.

    The overall import of CKD motor vehicles recorded an increase of 54 per cent to $2.44 billion in fiscal year 2021/2022 as compared with $1.58 billion in the preceding fiscal year.

    Analysts believed that the import of CBU and CKD motor vehicles would fall in the current fiscal year due to high interest rates, regulatory measures and significant rise in prices of raw material in the international market.

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

    Analysts believed that amid continuous decline of the local currency against greenback, further price hike in car prices is imminent. “This would be the first time where we have seen the highest frequency (4x) of price increases by the auto industry in a fiscal year,” analysts at Insight Research said.

    The main reasons are higher freight charges, abrupt movement in PKR/USD followed by launch of new model cars with lower localization which further add fuel to the price hike.

    The localization policy started in 1987 and continued till 2004, which required compulsory localization for the automotive industry. However, automobile assemblers are still behind the required level of localization.

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

    The major players including Indus Motors, Honda Car and Pak Suzuki have been assembling vehicles since 1992, but localization level of these assemblers are still very low despite their long presence in the market.

    In such situation, it will difficult for new players to achieve high localization as older players are still far behind the required level of localization. Moreover, local auto parts manufactures are sensitive to PKR/USD parity as they are reliant on imported raw materials for production. Thus, making the end product expose to PKR devaluation.

    The analysts said that higher interest rate environment, currency devaluation and auto financing hindrances may pose threat to demand going forward especially in low segment cars under 1000cc.

  • Prices of KIA Motors raised up to 19.3% amid rupee devaluation

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

    KARACHI: Lucky Motors Corporation Limited (LMCL), the manufacturers of KIA Motors in Pakistan, has announced massive increase up to 19.3 per cent in car prices effective from July 19, 2022 due to sharp depreciation in rupee value against the US Dollar.

    According to a press release issued on Tuesday, the car maker stated that due to continuous devaluation of the Pakistani Rupee to the US dollar the company was compelled to increase the prices of KIA products effective from July 19, 2022.

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

    Following are the existing and revised prices of various models of KIA Motors:

    Picanto MT has been increased by 19.3 per cent to Rs3.1 million from Rs2.6 million.

    Picanto AT has been increased by 18.52 per cent to Rs3.2 million from Rs2.7 million.

    Stonic EX has been increased by 1.8 per cent to Rs4.55 million from Rs4.47 million.

    Stonic EX+ has been increased by 2 per cent to Rs4.85 million from Rs4.77 million.

    Sportage Alpha has been increased by 16.82 per cent to Rs6.25 million from Rs5.35 million.

    Sportage FWD has been increased by 15.19 per cent to Rs6.75 million from Rs5.86 million.

    Sportage AWD has been increased by 13.99 per cent to Rs7.25 per cent from Rs6.36 per cent.

    Sorento 2.4L FWD has been increased by 13.04 per cent to Rs7.80 million from Rs6.90 million.

    Sorento 2.4L AWD has been increased by 12.29 per cent to Rs8.50 million from Rs7.57 million.

    Sorento 3.5L has been increased by 12.29 per cent to Rs8.50 million to Rs7.57 million.

    Carnival GLS PP has been increased by 9.57 per cent to Rs12.6 million from Rs11.5 million.

    The company further said that price revision is effective from July 19, 2022 and would not be applicable to customers, who had already made full payment by July 18, 2022 as well as those customers whose PBO delivery commitments were of June 2022 or before.

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

    According to the terms and conditions the company said all customers who had paid the full amount and the same is realized in the LMC bank account till July 18, 2022 would qualify for existing ex-factory price. However, government taxes including withholding tax and capital value tax would apply as per the federal budget 2022-2023.

    “All customers who are sales tax registered but not active will be charged further sales tax at 3 per cent as per new Finance Act, 2022. This further sales tax will be part of ex-factory price for such customers,” the company added.

  • Rolls-Royce, Hyundai signs pact to lead advanced air mobility market

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

    FARNBOROUGH: Rolls-Royce and Hyundai Motor Group on July 18, 2022 signed Memorandum of Understanding (MOU) to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market.

    The partnership will leverage Rolls-Royce’s aviation and certification capabilities and Hyundai Motor Group’s hydrogen fuel cell technologies and industrialization capability. Both companies share a vision of leading the way in the AAM market delivering battery-electric and fuel cell electric solutions to the Urban Air Mobility (UAM) and Regional Air Mobility (RAM) markets and advancing sustainable aviation.

    The Memorandum of Understanding (MOU) between Rolls-Royce and Hyundai Motor Group includes five strategic aims:

    • Collaborating on the technology development and requirements of power and propulsion systems for Hyundai’s Advanced Air Mobility Division.

    • Collaborating on the industrialization of Rolls-Royce power and propulsion systems for the Advanced Air Mobility market.

    • Development of electric propulsion systems based upon hydrogen fuel cells as an energy source for Hyundai’s RAM platforms.

    • Collaborating to bring to market a joint fuel-cell electric propulsion system to the wider AAM market.

    • Delivering a joint fuel-cell electric aircraft demonstration by 2025.

    Supernal (the Company) revealed its initial eVTOL vehicle cabin concept at Farnborough International Airshow, providing the first look at how Hyundai Motor Group (the Group) is integrating automotive capabilities to develop the Advanced Air Mobility (AAM) market.

    Supernal partnered with the Group’s design studios to create the cabin concept as the Company works to certify its eVTOL vehicle for commercial use in the United States starting in 2028 – and in the E.U. and U.K. shortly after. Beyond the vehicle, Supernal is collaborating with external partners and the Group’s more than 50 affiliates – which span automobiles, automotive parts, construction, robotics and autonomous driving – to responsibly co-create the expansive AAM value chain.

    “In order for Advanced Air Mobility to become a wide-spread mode of transportation, every detail – from the passenger experience to regulations and infrastructure – needs to be addressed from the start and work in lockstep with one another,” said Jaiwon Shin, President of Hyundai Motor Group and CEO of Supernal.

    “Leveraging Hyundai Motor Group’s mobility capabilities, Supernal is investing time and resources upfront to ensure the industry can scale to the masses in the coming decades and reach its exciting potential.” He added.

    Harnessing Automotive Design

    Supernal’s five-seat cabin concept provides clues to how the Company is harnessing automotive design processes and materials – while meeting commercial aviation’s highest safety standards – to optimize the AAM passenger experience and price-point. The design embodies biomimicry philosophy – a butterfly in this case – and the Company’s pillars of safety above all, human-centered design and environmental responsibility.

    “Supernal is partnering with Hyundai Motor Group’s top automotive designers to develop our eVTOL vehicle for manufacturability and wide-spread public acceptance,” Shin added. “We are taking the time to create a safe, light-weight commercial eVTOL that provides our future passengers with the security and comfort they find in their own cars.”

    The team of engineers and designers utilized the automotive industry’s reductive design approach to create the light-weight interior cabin, which is made of forged carbon fiber. Ergonomically contoured seats offer a cocoon-like environment for passengers. Deployable seat consoles mimic automobile center consoles and provide a charging station and stowage compartment for personal items. Grab handles built into the cabin doors and seatbacks assist with ingress and egress. A combination of lighting – including overhead lights inspired by automobile sunroofs – adjusts with the various stages of flight to emulate a “light therapy” effect. The cabin layout draws on automotive space innovation with a minimized bulkhead, which allows for generous headroom and package functionalities.

    With sustainability as a priority, the cabin concept incorporates materials such as advanced recyclable carbon fiber reinforced thermoplastic, durable plant-based leather, recycled plastic fabric and responsibly sourced woods. The seat frame also utilizes excess raw material from the airframe manufacturing process.

    “The Supernal eVTOL vehicle draws on the competence of the Hyundai Motor Group and the skillset of experienced automotive designers, which allowed us to develop a new air mobility concept that is not only safe and rational but also highly emotional,” said Luc Donckerwolke, Chief Creative Officer of Hyundai Motor Group.

    Developing Air Mobility Beyond Urban Markets

    The Group is leveraging its expansive mobility and mobility-enabling capabilities to develop a family of electric air vehicles, as well as the surrounding value chain.

    Complementing U.S.-based Supernal’s battery-powered eVTOL vehicle designed for intra-city passenger journeys starting in 2028, the Group’s Korea-based division (the Division) focused on Regional Air Mobility is developing a hydrogen-powered mid-sized vehicle for regional – city-to-city – cargo and passenger journeys. The Division plans to launch service of its hydrogen vehicle in the 2030s.

    Supernal and the Division are partnering with the Group’s manufacturing innovation teams across the globe to create a robust high-rate, high-quality AAM manufacturing process that will produce electric air vehicles at scale – at an increasingly affordable price-point – over the coming decades.

    “Hyundai Motor Group is working to leverage synergies between automotive’s high-rate manufacturing capabilities and aerospace’s high certification standards to build the foundation for everyday use of passenger and cargo air vehicles,” Shin said.

    The signing ceremony took place at Supernal’s booth at Farnborough Airshow and was attended by Warren East, CEO of Rolls-Royce, Grazia Vittadini, Chief Technology and Strategy Officer and Rob Watson, President of Rolls-Royce Electrical as well as Euisun Chung, Executive Chair of Hyundai Motor Group, Jaiwon Shin, President and Head of AAM Division of Hyundai Motor Group, and Jaeyong Song, Vice President of AAM Division of Hyundai Motor Group.

    Jaiwon Shin, President of Hyundai Motor Group, said: “We are pleased to partner with Rolls-Royce to draw upon their aviation and certification expertise to accelerate the development of hydrogen fuel-cell propulsion systems. Hyundai has successfully delivered hydrogen fuel cell systems to the global automotive market and is now exploring the feasibility of electric and hydrogen propulsion technologies for aerospace integration. We believe this to be the key technology to support the global aviation industry’s goal to fly net zero carbon by 2050.”

    Rob Watson, President, Rolls-Royce Electrical, said: “We are delighted to partner with Hyundai Motor Group which provides a valuable opportunity to leverage and build on the capabilities each company brings from the aerospace and automotive sectors. The Advanced Air Mobility Market offers great commercial potential, and this collaboration supports our joint ambitions to lead the way in the Advanced Air Mobility Market. It is also another demonstration of Rolls-Royce’s role in delivering the solutions that will enable passengers to travel sustainably and help deliver net zero carbon by 2050.”

    The benefits of using a hydrogen fuel cell system in an all-electric aircraft propulsion system is that it is a zero-emission, silent and reliable on-board power source that enables scalability in power offerings as well as long distance flight range. Hyundai will work with Rolls-Royce to bring hydrogen fuel cells, storage systems and infrastructure to the aerospace markets, and advance this technology into Hyundai’s RAM vehicles and Rolls-Royce all-electric and hybrid-electric propulsion system offerings.

    Last year, Rolls-Royce announced a pathway to net zero carbon emissions and its electrical technology is one way in which the company is helping decarbonise critical parts of the global economy. Rolls-Royce is committed to ensuring its new products will be compatible with net zero carbon operation by 2030 and all its products will be compatible with net zero carbon by 2050.

    Hyundai Motor Group earlier this year announced its AAM business roadmap, which encompasses the UAM and RAM segments to offer eco-friendly air mobility solutions for people within and between cities. Hyundai Motor Group’s US-based Supernal unit is aiming to begin commercial services of UAM businesses in the US in 2028 while Hyundai Motor Group plans to launch RAM services in the 2030s.

  • Global car manufacturers agree to introduce electric mini-commercial vans

    Global car manufacturers agree to introduce electric mini-commercial vans

    TOKYO, Japan: Leading global car manufacturers have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY 2023 to achieve carbon neutrality.

    In a statement issued on Tuesday, Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality.

    READ MORE: Toyota unveils all new Crown for first time

    Mini-commercial vehicles cover areas accessible only to them because of their small size and are important in supporting last-mile logistics. They have become widespread accounting for about 60% of the total commercial vehicle fleet, making them a type of vehicle capable of contributing significantly to the achievement of carbon neutrality if electrification advances.

    However, a major issue in promoting the electrification of mini-commercial vehicles is the increasing burden on society as a whole, including the higher vehicle costs associated with electrification, the costs related to charging infrastructure, and the charging time (downtime: a period when vehicles and cargo are stopped).

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

    It is under these circumstances, to realize an affordable mini-commercial van BEV that meets the usage needs of commercial customers, CJPT will participate in the planning, and Suzuki, Daihatsu, and Toyota will jointly develop a BEV system suitable for mini-commercial vehicles by combining Suzuki and Daihatsu’s know-how in manufacturing mini vehicles with Toyota’s electrification technology.

    The mini-commercial van BEV developed by these four companies will be used by partners in social implementation projects in Fukushima Prefecture and Tokyo.

    Suzuki, Daihatsu, Toyota, and CJPT will continue to promote efforts to practically achieve carbon neutrality through the provision of sustainable means of transportation.

  • Pakistan car sales surge 54 per cent in FY22

    Pakistan car sales surge 54 per cent in FY22

    KARACHI: Pakistan car sales have surged by 54 per cent in fiscal year 2021/2022, according to data released on Friday.

    The car sales – as reported by Pakistan Auto Manufacturers Association (PAMA) on Friday – increased to 279,267 units in the fiscal year 2021/2022 as compared with 181,397 units in the preceding year.

    READ MORE: Toyota unveils all new Crown for first time

    The rise in sales of domestically manufactured cars has been attributed to economic recovery and lower interest rate during the year.

    Analysts at Topline Securities said Pakistan car sales (including sales of Non-PAMA members) clocked in at 33k units up by 24 per cent MoM primarily due to resolution of production issues and higher working days as compared to May-2022 due to Eid-ul-Fitr holidays. The same is up by 106 per cent YoY.

    This takes FY22 car sales to 279,267 units up by 54 per cent YoY led by economic recovery and low interest rates.

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

    Pak Suzuki (PSMC) and Hyundai Nishat recorded highest ever monthly sales of 16,009 units and 1,871 units in June 2022.

    PSMC sales was up 31 per cent MoM in June 2022. All variant of company reported increase in a range of 37-94 per cent on MoM basis except for Wagon-R and Swift where sales were down by 5 per cent MoM and 4 per cent MoM respectively.

    Similarly, Hyundai Nishat’s sales was up 9 per cent MoM led by increase in sales of Tucson 897 units (+40 per cent MoM) and Porter 283 units (+268 per cent MoM).

    Indus Motors (INDU) posted increase of 7 per cent MoM to 6,309 units due to increase in sales of Corrolla & Yaris 4,453 units (+4 per cent MoM). Honda Atlas Car (HCAR) also recorded increase of 34 per cent MoM to 3,903 units in June 2022 led by increase in sales of City & Civic by 18 per cent MoM.

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

    Amongst Tractors, Millat Tractors (MTL) recorded increase of 75 per cent MoM to 4,389 units and Al Ghazi Tractors (AGTL) of 3,201 units up 33 per cent MoM. This takes total tractor industry sales to 59k units, up 16 per cent YoY in FY22.

    Pakistan bike sales were down by 4 per cent MoM and 9 per cent YoY in June 2022. This takes FY22 bike sales to 1.8mn units, down 4 per cent YoY.

    Trucks & Buses sales were up 21 per cent MoM and 45 per cent YoY to 589 units in June 2022. This takes full year FY22 sales to 6,498 units, up 49 per cent YoY led by increased transportation activity.

    READ MORE: SBP makes permission mandatory for motor car import

  • Toyota unveils all new Crown for first time

    Toyota unveils all new Crown for first time

    JAPAN: Toyota Motor Corporation on Friday unveiled its all new Crown. The four new models of Crown are Crown (Crossover Type), Crown (Sport Type), Crown (Sedan Type), and Crown (Estate Type).

    The company will release the Crown (Crossover Type) as the first model during the fall of this year.

    TOYOTA has unveiled the all new Crown for the first time in the world, and will release the Crown (Crossover type) as the first model around the fall of this year.

    The Crown made its initial debut in 1955 as Toyota’s first mass production passenger vehicle created with Toyota’s own domestic technology. The DNA of “innovation and limit-pushing” that led to the creation of the first independently developed luxury car in the early postwar period has been passed down to successive models of Crowns for the past 67 years, always pursuing new values that are one step ahead of the times and loved by many customers.

     However, the times have changed even faster, and the Crown has become unable to fully meet the diversifying needs of its customers, and its presence as a flagship vehicle has become less significant.

    In designing the new Crown, the development team thoroughly reexamined what “Crown” is, and as a result of their pursuit of a “Crown for a new era,” they have created four completely new models. In addition to the Crossover type, a new style that combines a sedan and an SUV, the Sport offers a sporty driving experience with an enticing atmosphere and an easy-to-drive package. The Sedan is a new formal design that meets the needs of chauffeurs, and the Estate is a functional SUV with a mature atmosphere and ample driving space. The new series will be rolled out in about 40 countries and regions.

    The details of the new Crown (Crossover type) are as follows.

    Vehicle Outline

    The “Crown” for the future reimagined from the ground up with a high-quality minimalist design

    Exterior Design

    The stylish, coupe-like silhouette is combined with elevated styling that conveys a sense of strength, achieving both fluidity and dynamism and expressing a completely new form of a flagship vehicle for a new era.

    The headlights and taillights, connected from left to right in a single straight line, and the side view that expresses sophistication through surface variation without relying on character lines, combine to create a simple yet refined and majestic design.

    Large-diameter tires that break with the conventional idea of a sedan have been adopted. By applying innovations to the body structure to create an underbody that extends outward close to the sides of the body and carefully examining the balance of the spaces between the body and the tires, we have created a powerful style that is neither a sedan nor an SUV with the sense of stability representative of an elevated sedan.

    Interior Design

    Horizontally integrating the display and operating equipment creates a functional layout that can be operated intuitively from any seat. The wrap-around form from the instrument panel to the doors also give a sense that all seats are special, enabling the driver to focus on driving and providing comfortable and enjoyable mobility for passengers.

    Meticulous attention to every interior component, including the understated and welcoming decorations of WARM STEEL, an invitingly shaped and comfortable shift knob, seats that focus on instantly recognizable finishing and provide a sense of security when seated, and other features, helps create a space with a sense of quality and richness.

    Color Design

    In terms of body colors, the newly developed “Precious Bronze” and “Precious Ray” as well as other distinctive bytone colors are coordinated to express the new Crown’s transformation. A total of 12 body color and four interior color combinations offer a wide range of variations.

    Effortless and dignified driving and a comfortable ride becoming of a Toyota flagship

    2.4-liter Turbo Hybrid System

    The hybrid system, which combines an inline 4-cylinder turbo engine that produces powerful torque even at low RPM, the latest eAxle electric powertrain that provides high driving torque, and a newly-developed bipolar nickel-hydrogen battery have been combined for the first time by Toyota. The hybrid system responds linearly to the operation of the accelerator by the driver creating a driving feel with a sense of comfortable acceleration.

    2.5-liter Series Parallel Hybrid System

    The Crown (Crossover type) is equipped with an optimized, high-efficiency hybrid system and a newly-developed bi-polar nickel-hydrogen battery, achieving class-leading fuel economy and quietness and further advancing the high-quality and smooth driving performance distinctive of the Crown.

    Newly developed platform

    Using a hip point higher than earlier sedans enabled through the adoption of large-diameter wheels makes entry and exit easier and allows excellent visibility. Additional space is provided above the head and to the front and rear to create a comfortable interior space with the sense that every seat is a first-class seat.

    While the package prioritizes ease of entry and exit and driving, the TNGA platform provides a lightweight and well-balanced high-rigidity body. The use of McPherson struts in the front and a multi-link suspension in the rear also allows for solid straight-line stability characteristic of the Crown, agility, and a flat feeling that does not blur the line of sight. All these features along with a smooth ride with minimal vibration were pursued to achieve a comfort level that makes you want to stay in the car for a long time.

    The most advanced safety and driving support systems provide reassuring and convenient driving

    Toyota Safety Sense

    Toyota Safety Sense, the latest active safety package with advanced and improved functions, is standard on all Crown grades. The range of accidents it can respond to has been expanded even further, enabling enjoyable driving with peace of mind.

    Toyota Teammate

    The new Crown (Crossover type) is equipped with Toyota Teammate, a suite of driver-assistance technologies. Advanced Drive (support during traffic congestion), which supports safe driving in traffic congestion, Advanced Park (with remote function), which automatically parks and exits from a parking space in a variety of parking situations and can be operated remotely as well, and other safety and convenient advanced functions are included.

    The new Crown (Crossover type) will also start being offered via the KINTO*4 car subscription service. When ordered through KINTO, automobile insurance, periodic maintenance, and various other vehicle expenses are included in the monthly payments. Customers, corporations, and individuals can sign up either online or at a dealer to enjoy easy access.

    In addition, if the “Cancellation Fee Free Plan” is selected as the payment method, the cancellation fee can be reduced to zero and the vehicle usage can be continued after the expiration of the initial three-year contract period by paying a predetermined application fee. The CROSSOVER G “Advanced Leather Package” monthly fee starts at 89,100 JPY (including tax).

  • Honda Motors to start pre-orders of ZR-V SUV by September 2022

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

    TOKYO, Japan: Honda Motor Co., Ltd launched a teaser of ZR-V, all new SUV on July 14, 2022, which will be sale in Japan.

    The company launched a teaser page on their official website to share initial information on the ZR-V.

    Honda will release more details about the model in stages, including its plan to begin taking pre-orders in September of this year.

    READ MORE: Honda Cars declares 40% surge in annual profit

    According to details, the company launched a teaser page on its company website to share initial information on the ZR-V, an all-new SUV scheduled to go on sale in Japan this fall. Honda will release more details about the model in stages, including its plan to begin taking pre-orders in September of this year.

    Based on the grand concept of “Unleash your potential,” the all-new ZR-V was developed as a model to uplift the spirit of customers, like a favorite “special day” piece of clothing, and bring out their individuality. Key features include beautiful and sophisticated design, developed under the key words “glamorous & elegant,” and dynamic performance, achieved with a goal to realize driving at the will of the driver.

    READ MORE: Honda Cars posts Rs928 million quarterly profit after tax

    These attributes will enable the driver to enjoy the vehicle with more confidence and in a relaxing manner, a value new to SUV models. 

    All-new ZR-V adopts smart and elegant design which makes this model fit well in urban environments. The exterior design features flowing proportions characterized by large, smooth surfaces that flow from front to rear.

    The design of the front-fascia features a vertical grille, designed in concert with surrounding areas, and sharp-looking, wide-set headlights that flow horizontally. These features create a highly sophisticated expression, yet with stature and a strong presence. The rear of the body is shaped to emphasize the vehicle’s wide tread by adding volume around the bottom of the body, with a smooth, upswept look.

    The interior design realized a spacious cabin by adopting an instrument panel that stretches out horizontally in a linear fashion. Moreover, the interior design features a functional and precise finish on all parts to accentuate the beauty of the form, creating a high-quality interior space that is one class above the competition. In addition, a high-deck center console separates the front seats to create personal space for the driver and front passenger.

    READ MORE: Honda Cars declares 82 percent decline in annual profit

    By realizing both a low, stable driving position and a view of the road with great visibility, the packaging design enhanced the ease of driving and sense of oneness the driver will feel with this vehicle.

    In addition to a wide, horizontal forward field of vision, the rear view was designed to make it easier for the driver to recognize objects behind the vehicle, including vehicles and pedestrians, thereby pursuing excellent visibility while driving.

    As with the front seats, the hip point of the rear seats was set low to allow greater freedom for the end point of the roof design, resulting in both a sleek roof line and enhanced aerodynamic performance.

    Moreover, a variety of user-friendly storage spaces are provided, ensuring excellent utility to meet various customer needs. 

    The hybrid model of the all-new ZR-V will be the first Honda SUV to be equipped with the Sports e:HEV that combines a 2.0-liter direct injection engine that debuted on the Civic e:HEV and the advanced 2-motor hybrid system (e-CVT). The all-new ZR-V e:HEV will offer a high-quality, exhilarating and one-class-above driving experience in various driving situations including driving on city and suburban roads, highways and winding roads.

    READ MORE: Atlas Honda reports 73% decline in after tax profit

    The all-new ZR-V also will be available as a gasoline-powered model equipped with a 1.5-liter turbo engine with CVT, which offers highly-responsive and sporty driving.

    Both hybrid and gasoline models offer a real-time AWD variation, which enables customers to drive on snowy roads with greater peace of mind by realizing outstanding performance in making turns and climbing up snowy roads. 

    Starting on Saturday, August 13, 2022 (Japan time), Honda will hold pre-launch showcasing of the production models of all-new ZR-V at various locations in Japan. Please visit and enjoy an initial look at the highly-sophisticated ZR-V.  

    ・August 13-14, 2022: The “BIGMAN” square at Hankyu Umeda Station, Osaka, Japan
    ・August 20-21, 2022: The event space at Tokyo Station (near the Yaesu Central Exit)
    ・August 27-28, 2022: The JR Gate Tower at Nagoya Station, Aichi, Japan

  • New tax rates on car registration from July 01, 2022

    New tax rates on car registration from July 01, 2022

    KARACHI: The new rates of advance tax on registration of motor cars have been notified through Finance Act, 2022.

    According to PwC A. F. Ferguson & Co. the new rates of advance tax on registration of the motor vehicles are as follows:

    READ MORE: Finance Act 2022 notifies tax rates on disposal of securities

    Engine Capacity Up to 850cc: old rate Rs. 7,500: new rate Rs. 10,000

    Engine Capacity 851cc to 1,000cc: old rate Rs. 15,000: new rate Rs. 20,000

    Engine Capacity 1,001cc to 1,300cc: old rate Rs. 25,000: new rate Rs. 25,000

    Engine Capacity 1,301cc to 1,600cc: old rate Rs. 50,000: new rate Rs.50,000

    Engine Capacity 1,601cc to 1,800cc: old rate Rs. 75,000: new rate Rs. 150,000

    READ MORE: Finance Act 2022 revises tax rates for salaried persons

    Engine Capacity 1,801cc to 2,000cc: old rate Rs. 100,000: new rate Rs. 200,000

    Engine Capacity 2,001cc to 2,500cc: old rate Rs. 150,000: new rate Rs. 300,000

    Engine Capacity 2,501cc to 3,000cc: old rate Rs. 200,000: new rate Rs. 400,000

    Engine Capacity Above 3,000cc: old rate Rs. 250,000: new rate Rs. 500,000

    Where engine capacity is not applicable and value of vehicle is Rs. 5 million or more: old rate Nil: new rate 3 per cent of the import value (as increased by sales tax, customs duty and FED) or invoice value in case of locally manufactured vehicle.

    READ MORE: Proposal of final tax regime for commercial importers rejected

    The Finance Act, 2022 has also imposed advance tax of Rs. 20,000 on transfer of motor vehicles of unspecified engine capacity (e.g. electric vehicles) having value of Rs. 5 million or more. The said rate of Rs. 20,000 shall be reduced by 10 per cent each year from the date of first registration in Pakistan.

    For the purposes of tax collection under section 231B, the definition of ‘motor vehicles’ has been amended and now defined to include car, caravan automobiles, jeep, limousine, pickup, sports utility vehicle, trucks, vans, wagon and any other automobile excluding:

    READ MORE: Mechanism revamped for tax dispute resolution

    (i) a motor vehicle used for public transportation, carriage of goods and agriculture machinery;

    (ii) a rickshaw or a motorcycle rickshaw and

    (iii) any other motor vehicle having engine capacity upto 200cc.