Category: Automotive

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

  • Pakistan car imports surge by 108pc as restriction eases

    Pakistan car imports surge by 108pc as restriction eases

    Car imports into Pakistan have surged by 108 per cent Month on Month (MoM) in October 2022 owing to ease in restrictions by the government.

    The import of motor cars in Completely Built Unit (CBU) into Pakistan increased to $2.70 million in October 2022 as compared with $1.3 million in previous month i.e. September 2022, according to Pakistan Bureau of Statistics (PBS).

    READ MORE: Hyderabad Customs auctions NDP vehicles on November 24, 2022

    The increase in import of CBU cars may be attributed to relaxation in import condition by the government. A complete ban was imposed in May 2022 on import of luxury and non-essential items. However, this ban was relaxed on August 20, 2022.

    However, there are still some restrictions on the import which resulted in 90 per cent to $27.83 million in October 2021 when compared with the latest number of October 2022.

    READ MORE: Hyundai launch N Vision 74 Concept car

    Cumulatively, the import of CBU cars plunged by 81 per cent to $23.72 million in first four months (July – October) of current fiscal year 2022-2023 as compared with $123.53 million in the corresponding period of the last fiscal year.

    Total import of CBU vehicles recorded a decline of over 58 per cent to $89.66 million in first four months of the current fiscal year as compared with $216 million in the corresponding months of the last fiscal year.

    READ MORE: Toyota reveal bZ Compact SUV Concept model

    The import of motor cars in Completely Knocked Down (CKD) recorded an increase of 12.47 per cent to $103.47 million in October 2022 when compared with $92 million in September 2022. It decreased by 8 per cent when compared with $112.32 million in October 2021.

    Cumulatively, the import of CKD cars recorded a decline of 31.55 per cent to $355.74 million during first four months of the current fiscal year when compared with $520 million in the corresponding months of the last fiscal year.

    Overall import of CKD vehicles fell by 33.51 per cent to $507 million during the period under review when compared with $762 million in the same period of the last year.

  • Hyderabad Customs auctions NDP vehicles on November 24, 2022

    Hyderabad Customs auctions NDP vehicles on November 24, 2022

    Karachi: The Collectorate of Customs in Hyderabad has revealed plans to conduct an auction of non-duty paid (NDP) vehicles on November 24, 2022.

    (more…)
  • Hyundai launch N Vision 74 Concept car

    Hyundai launch N Vision 74 Concept car

    Hyundai Motors launched the N Vision 74 hydrogen fuel cell hybrid concept car in the Automobility LA show.

    The car represents seven years of technological development and the N brand commitment to deliver an optimistic future for car enthusiasts, regardless of propulsion type.

    The company developed a unique hydrogen hybrid architecture, with the hybrid structure of a battery-electric in combination with an FCEV system, placed in an all-new layout unique to the N Vision 74.

    The fuel cell stack, with an output of 85 kW (Max 95 kW), is mounted in the front, and a 62.4kWh T-type battery is mounted in the bottom to lower overall height and center of gravity. The battery retains an 800V high-speed charging architecture.

    Independent, rear-mounted motors, one per wheel, generate a total power output of 500kW. This allows engineers to precision tune power distribution between left and right wheels.

    N Vision 74 features dual-charging capability, and the rear-mounted 9.3 lb. capacity hydrogen fuel tanks can be refueled within five minutes. The 85kW fuel cell converts hydrogen to electricity to charge the 62kWh battery.

    The battery also shares the 800V battery technology from Hyundai’s e-GMP platform with fast-charge capability.

    The key development objectives of the N Vision 74 is to deliver the highest driving emotion for the driver, even under severe track conditions. The N Vision 74 unique hydrogen hybrid architecture presents unique challenges for heat management.

    There are three independent cooling channels for battery, fuel cell, and motor enable optimized energy efficiency and resistance to performance degradation.

  • Toyota reveal bZ Compact SUV Concept model

    Toyota reveal bZ Compact SUV Concept model

    Toyota Motors revealed the bZ Compact SUV Concept model in the 2022 Los Angeles Auto Show. The SUV is a full battery-electric vehicle which produce zero emissions. The vehicle utilizes eco-conscious interior materials and brings the dynamic performance.

    The feature of the in-car personal agent named, ”Yui” connects the driver and passengers with the vehicle. Through the use of audio and visual lighting cues moving around the cabin, it responds to requests or commands from front or rear passengers.

    The aerodynamic form of the concept enhances its futuristic look by pushing the wheels to the corners to achieve an aggressive stance – making it appear as if it’s moving even when standing still.

    The short overhangs and sweepback angles make it stand out as an advanced technology vehicle; a narrowed-down cabin design gives it an agile appearance for a low coefficient of drag.

    The edgy styling extends to the interior with premium finishes resulting in a distinctive look. Notably, the design team included several eco-friendly touches, like seating made from plant-based and recycled materials to follow the Beyond Zero theme.

    The Beyond Zero message encourages diligently adapting how we live our lives in the present to ensure a better future for all. Toyota envisions a future in which carbon neutrality is achieved through the practical marketization of a portfolio of products with advanced, alternative-fuel and zero-emission powertrain technologies.

    Globally, Toyota plans to expand to around 30 dedicated BEVs, including five carrying the bZ (Beyond Zero) brand moniker. This diverse portfolio of electrified products will help propel Toyota toward its goal of carbon neutrality by 2050.

  • Pakistan’s first hybrid electric vehicle launches on Nov 17, 2022

    Pakistan’s first hybrid electric vehicle launches on Nov 17, 2022

    Pakistan’s first hybrid electric vehicle is scheduled to be launched on November 17, 2022, according to a statement issued on Wednesday.

    Sazgar Engineering Works Limited in an announcement to Pakistan Stock Exchange (PSX) stated that the company had successfully assembled/manufactured locally the first hybrid electric vehicle (HEV) of Pakistan and is being launched under the brand ‘HAVAL’ as on November 17, 2022.

    HAVAl is a global SUV specialist; one of the four automotive brands within the GMW Group. With over five million sales worldwide, HAVAL is the third largest global SUV brand that delivers vehicles of the highest quality, engineering with world class components, including German-engineered stability control technology.

    In the pursuit of perfection, the company continuously improve vehicles’ safety, reliability, versatility, styling and technology. At HAVAL, the company puts success down to a combination of passion, commitment and always listening to the customers. Through innovation and dedication, the company aims to manufacture world-class SUVs that deliver undisputed value.

    Haval has been the highest selling SUV brand in the world’s largest economy for over 12 years straight and the No 1 pick-up manufacturer for over 25 years.

    The company is committed to establish HAVAL as the world’s leading specialist SUV brand. While other manufacturers are spreading their focus across a wide range of vehicles and platforms, HAVAL is specializing in what is the fastest growing automotive sector in the world.

  • Honda Cars Pakistan posts massive 85pc decline in half year profit

    Honda Cars Pakistan posts massive 85pc decline in half year profit

    Honda Atlas Cars (Pakistan) Limited on Wednesday announced a massive 85 per cent decline in profit after tax for half year ended September 30, 2022.

    According to financial results submitted to Pakistan Stock Exchange (PSX), Honda Cars Pakistan declared Rs273 million as profit after tax for the period April – September 2022 as compared with Rs1.87 billion in the corresponding period of the last year.

    READ MORE: Faysal Bank posts 51% growth in profit before tax

    The earnings per share (EPS) also restricted to Rs1.91 for the period under review as compared with Rs13.08 in the same period of the last year.

    The board of directors of Honda Atlas Cars (Pakistan) Limited met on November 16, 2022 and approved the financial results for the half year ended September 30, 2022.

    READ MORE: NBP net profit declines by 21% on high tax incidence in 9MCY22

    Total sales of the company slightly increased to Rs49.79 billion during the half year ended September 30, 2022 when compared with Rs47.74 billion in the same period of the last year.

    The company posted gross profit at Rs2.59 billion during April – September 2022 when compared with Rs3.38 billion in the corresponding period of the last year.

    READ MORE: K-Electric posts huge losses despite 144% jump in tariff adjustment revenue

    Administrative expenses of the company increased to Rs661 million during the period of six months ended September 30, 2022 when compared with Rs503 million in the same months of the last year.

    Honda Atlas Cars (Pakistan) Limited posted loss of Rs385 million during the quarter ended September 30, 2022 when compared with a profit of Rs939 million in the same quarter of the last year.

    READ MORE: Jazz supports breast cancer awareness campaign

  • Toyota launched all-new Prius globally

    Toyota launched all-new Prius globally

    JAPAN: Toyota Corporation on November 16, 2022 launched all-new Prius for first time globally.

    The company will launch Series Parallel Hybrid (HEV) model this winter and Plug-in Hybrid (PHEV) model in spring 2023.

    Coming with the tagline “Just in time for the 21st century,” the Prius was first launched in 1997 as the world’s first mass-produced hybrid car. The model’s second generation introduced the Prius’ distinctive monoform silhouette for the first time and delivered even better fuel efficiency with the inclusion of an evolved Series Parallel Hybrid System (THSII).

    The third generation Prius introduced a larger capacity 1.8-liter engine and more efficient hybrid system to not only enhance fuel efficiency but driving performance as well. With the fourth generation, the Prius used the Toyota New Global Architecture (TNGA) platform for the first time to deliver improved environmental performance and an evolved driving experience.

    The Prius has led the expansion of HEVs over the 25 years since it was first launched as a new-generation eco-car with outstanding fuel efficiency. Total cumulative sales of the Prius worldwide have reached about 5.05 million unit, accounting for a reduction equivalent to at least about 82 million tons of CO2 emissions as of March 2022. While the hybrid system had its start with the Prius, almost every model these days, from compact cars to SUVs, minivans, and commercial vehicles, has a hybrid version cherished and enjoyed by countless customers.

    While the Prius has played a leading role in driving hybrid use, the current spread of HEVs through a wide range of models means it has reached a turning point.

    The development team decided to start from scratch and look at what the Prius needs to remain popular for the next 25 years. Based on a desire to renew the Prius itself and communicate the appeal of hybrid cars to an even wider audience, the Hybrid Reborn concept was created.

    The automotive industry is going through a once-in-a-century transformation, with a range of new next-generation powertrain options being developed. For the Prius HEV to continue as the vehicle of choice for the coming generation, the new Prius needed more than its core strength as an environmentally friendly car. Therefore, it was developed as an exhilarating package with, stylish designs that users will fall in love with at first sight and captivating driving performance.

    Following Japan, the new Prius will be launched in North America, Europe, and other countries around the world. It will also be offered in Japan through the KINTO car subscription service. Actual details of the service plan will be announced in winter this year.

    Detailed information about the all-new Prius.

    Inheriting the signature monoform silhouette of the original Prius, the new Prius has been reborn with even more stylish proportions through a low center of gravity and large-diameter 19-inch wheels on the second-generation TNGA platform.

    The simple yet sculpted body expresses exhilaration that appeals to the senses and a universal beauty that will remain popular into the future.

    The front hammerhead shark-like design achieves a high level of balance between functionality and styling, while the rear design offers rear combination taillights extending horizontally to the left and right, further accentuating the advanced design of the Prius.

    The “island architecture” concept achieves a low-stress, spacious interior with a cockpit that makes it easy to concentrate on driving. Altogether, the interior offers intuitive operation and an enjoyable driving experience.

    The interior comes with black tones throughout and coordinated instrument panel and seat stitching finishes. The interior achieves a balance between sportiness and a new sophistication.

    The instrument panel uses Toyota’s first illuminated warning system. In addition to providing an ambient light that highlights the interior, this new Toyota Safety Sense-linked feature is incorporated into the styling. It alerts the driver to detected objects through flashing lights before the audible warnings to create a more reassuring driving experience.

    A total of eight body colors are available, including two newly-developed solid base colors of Ash and Mustard that create a sporty impression. The sporty and sophisticated interior color coordination brings touches of color to the daily lives of customers.

    Next-generation hybrid system achieves good fuel efficiency and a comfortable driving experience in a car that reacts as expected

    The new Prius comes with Toyota’s first 2.0-liter Plug-in Hybrid System to deliver acceleration and quietness that are dramatically improved from the previous model. The combination of a high-efficiency Dynamic Force Engine and lithium-ion batteries for high output drive achieve maximum system output of as much as 164 kW (223 PS) while maintaining the same level of fuel efficiency as the previous model. This version has outstanding dynamic performance with the powerful acceleration of a PHEV, achieving 0-100 km/h in 6.7 seconds.

    EV driving range is about 50% higher than the previous model. This means that, with improved battery performance, the new Prius can operate on EV mode alone for most daily drives. It also comes with a “My Room Mode” that lets users enjoy air conditioning and audio systems from the external power source by turning the power switch on during charging, making the interior space even more comfortable.

    With the PHEV, the battery pack is located under the rear seat instead of in the cargo area, giving the new Prius a lower center of gravity and increased cargo capacity. Together, these features deliver a balance between sporty driving performance and improved ease of use.

    This version of the new Prius employs the latest Series Parallel Hybrid System. It offers satisfying acceleration and responsive driving in a car that reacts as expected while maintaining the same level of fuel efficiency as the previous model. Maximum system output is 144 kW (193 PS) for the 2.0-liter version, which is 1.6 times higher than the previous model, achieving an appropriate dynamic performance for the sporty new Prius.

    This version comes with the latest E-Four system. Employing a high-output motor and other features, it offers improved uphill performance on low-friction road surfaces, like snow-covered roads, and greater stability when turning.

    The second-generation TNGA platform was developed as an ongoing improvement of the matured TNGA platform to achieve the exhilarating styling and driving performance of the new Prius, allowing for a lower center of gravity and large-diameter tires.

    Additional reinforcement throughout the body has increased rigidity and improved quietness. Using MacPherson struts at the front and a double wishbone setup at the rear, the suspension system provides stability for straight-line driving, responsiveness that meets driver intentions in corners, and easy line-tracing ability. Combined with the latest powertrains, it delivers a captivating driving performance.

    Toyota Safety Sense, the latest active safety package with advanced and improved functions, is standard on all new Prius grades. The range of detectable objects has been expanded even further, enabling enjoyable driving with peace of mind.

    The new Prius comes with Advanced Park (with remote function), an advanced driving support system. It enables easy automatic parking and exiting from parking spaces in a variety of parking situations, and with operation outside the car via a dedicated smartphone app, the car can also enter and exit parking spaces remotely.

    The new Prius is equipped with a Toyota Safety Sense monocular camera at the front, a rear-facing camera for the Digital Inner Mirror, and an in-vehicle drive recorder. This setup has a clean appearance without a sense of the cameras and wires being retrofitted. The data is stored on the ECU to avoid data corruption and other issues associated with SD cards and properly manage important camera data.

    This model is equipped with two 100 VAC / 1,500 W accessory power outlets; one at the back of the center console and one in the cargo space. Users can select the BEV external power supply mode, which uses power from the battery only without having to start the engine, or the HEV external power supply mode, which recharges the battery from the engine if the remaining power is too low. It also comes with an external electric power supply attachment as standard so that external power supply is possible with the door windows closed to prevent rain and insects from getting in the car when in use.

    The new Prius also comes with a panoramic view moonroof which can be fully opened to create a sense of freedom within the cabin. PHEV models are equipped with a second-generation solar charging system that achieves a more efficient conversion of solar energy into electricity. This generates power equivalent to driving up to 1,250 km per year. Electric power generated while parked is used to charge the drive battery, with the system not only supplying electricity for driving but for air conditioning and other functions as well. Electric power generated during driving is used to supplement the auxiliary battery system.

  • Pakistan car sales increase 21 pc in October 2022

    Pakistan car sales increase 21 pc in October 2022

    KARACHI: Sales of domestically manufactured cars in Pakistan have increased by 21 per cent Month on Month (MoM) in October 2022.

    Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of October 2022, where car sales witnessed an increase of 21 per cent MoM in October 2022 to clocked in at 11,129 units.

    READ MORE: Pakistan car sales plunge 50% in 1QFY23

    Analysts at Insight Securities said that the rise in sales is mainly due to improved stock levels which led to a partial resumption of production activities.

    To highlight, companies were facing higher Non Production Days (NPD) in September 2022 due to import restrictions on CKD parts.

    During first four months (July – October) of the fiscal year 2022-2023, cumulative passenger car sales during the period plunged by 47 per cent YoY, to clock in at 39.7k units due to supply constraints and economic slowdown resulting in subdued demand.

    READ MORE: Pakistan car sales plummet by 50% on import restriction

    Trucks & buses sales declined by 14 per cent MoM to clocked in at 326 units in October 2022. Cumulatively on 4MFY23 basis, truck & buses sales fell by 40 per cent YoY. Jeeps/SUVs and pickups sales soared by 22 per cent MoM to reach at 2.2k units.

    Whereas, on 4MFY23 basis, Jeeps/SUVs & pickups are fell by 45 per cent due to aforementioned reasons. Tractors sales went down by 12 per cent MoM due to fragile agriculture demand.

    Company wise, PSMC sales improved by 33 per cent MoM in October 2022 primarily due to upbeat demand of hatchback segment driven by better fuel economy and affordability.

    Alto remained the top contributor, led by increase in sales of 76 per cent, followed by Cultus and Ravi, up by 50 per cent and 38 per cent, respectively.

    READ MORE: Pakistan car sales drop 59% in July 2022

    Similarly, INDU sales grew by 29 per cent MoM to clocked in at 3.4k units, compared to ~2.6k units in September 2022. Wherein major contributor are Fortuner & Hilux, up by 84 per cent.

    HCAR sales went up by 11 per cent MoM to clocked in at 1.4k units in October 2022 . Wherein major contributors are Civic & City, up by 14 per cent.

    Hyundai volumetric sales posted a decline of 50 per cent MoM to clock in at 0.5k units.

    MTL volumes witnessed an increase of 2.35x MoM to stand at ~1.5k units whereas AGTL sales declined by 74  per cent MoM to clock in at ~0.4k units.

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

    The analysts believe that the automobile industry will remain under pressure on both supply and demand front amid tough business environment, sky-rocketing inflation and higher financing rates further exacerbated by shortage of CKD kits.

    Moreover, despite multiple price hikes, gross margins are likely to stay depressed amid continuous pressure on PKR against USD.

    Meanwhile, ongoing floods are expected to wipe out 30 per cent-40 per cent of auto demand from rural area. Thus, we have an underweight stance on automobile industry.

  • Customs Intelligence Lahore auctions motor vehicles on Nov 19, 2022

    Customs Intelligence Lahore auctions motor vehicles on Nov 19, 2022

    ISLAMABAD: Directorate of Customs Intelligence and Investigation, Lahore has announced auction of motor vehicles to be held on November 19, 2022.

    The directorate will present following motor vehicles for the auction:

    READ MORE: FBR, SBP discuss stuck-up consignments, LC opening

    01. Used Mercedes Benz Car, Model 2006, Chassis No. WDB2110652A125731, color-White, AWV-001

    02. Nissan Ceferio Car, Registration Plate No.LEE-07-1, Chassis No.GF50-054361, Model 2003, color Black

    03. Honda Accord Car, Registration No.LRX-8411, Chassis No.CF3-1200586, Model 2000, color Silver

    04. Used Toyota Mark-X Car, Model 2005 Chassis No.GRX120-0036739, color-White, FW151/Islamabad

    05. Used Honda Civic Car, Model 2006, Chassis No. FD3-1004939 Engine No. -Could not be traced, color-Silver.

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    06. Used Toyota Prius car, Model 2010 Registration No. MN-12-4040 Chassis No. ZVW30-1153342 Engine Capacity 1800cc. N/V Color, White

    07. Kawasaki Heavy Bike Ch. No. JKAZXT20AAA027919 Model Year 2010, 1200 R

    08. BMW Heavy Bike Ch. No. WB1021608AZPZ4634 Model Year 2010, 800 S

    09. Honda Heavy Bike JH2SC6A7YM400905 Model Year 2000 1100 ST

    10. Toyota Corolla Car, 1992 Reg. No. IDF-5967, Chassis No. CE100-3017915, 1839 cc. (Subject to Lab Report).

    11. Honda Civic Car, 2003 Applied For Chassis No. ES1-1400549 (Subject to Lab Report).

    12. Honda Civic Car, 2003 REG. No. LED-12-3138, Chassis No. ESI-1401502 (Subject to Lab Report).

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    13. Used Daihatsu Mira Car, Model 2012, Chassis No. LA300S-1090029, Color-Maroon, Fake Registration No. ABW-821/Islamabad

    14. Used Daihatsu Mira Car, Model 2012, Chassis No. LA300S-0008381, Color- Silver, Fake Registration No. BGW-399

    15. Used Toyota Passo Car, Model 2010, Chassis No. KGC30-0011620, Color- Wine Red, Fake Registration No. WY-443/ISB

    16. Used Hino Dump Truck (10 Wheeler), Model 1995, Chassis No. FS2KKB-10504, Regn. No. TKB-017/Sibi

    17. Used Range Rover Model-2013, color-Black Chassis No. SALVA2AG3DH716417

    18. Used Mercedes Benz Car, Model-2013, Chassis No. WDD2220572A089193, color-Pearl White.

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    19. Toyota Land Cruiser Prado, Model 2003 Chassis No. VZJ121-0004619, color- Pearl White, LV-068/Islamabad

    20. Used Honda Civic 2007, Chassis No. JHMFD16308S216139, Color- Blue, ARU-969/Islamabad

    21. Used Toyota Hilux Surf, Model-2005, Chassis No. VZN215-0006330, color- Black, LEH-13-2373

    22. Used Toyota Passo Car, Model 2006 (AZD-928/Sindh), Chassis No:KGC10-0124072, Engine No. N/V, Color-White

    23. Toyota Aqua Car, Model 2012, Chassis No. NHP10-6086977, color: White BFP-930/Sindh

  • 11th generation Honda Accord 2023 unveiled

    11th generation Honda Accord 2023 unveiled

    Honda unveils 11th generation of Accord 2023. The car has standard class-leading safety features which include new Honda Sensing safety and driver-assistive technology, next-gen front airbags, as well as new front knee airbags and rear side-impact airbags.

    The new sporty and modern interior offers fine craftsmanship, high-quality materials and tech features including Honda’s largest touchscreen ever and Honda’s first integration of Google built-in for seamless on-the-go connectivity.

    Accord is also more comfortable, with new front Body Stabilizing Seats that reduce fatigue on long drives.

    The car features sleek and sophisticated all-new exterior design. The 4th-generation two-motor hybrid system (Sport, EX-L, Sport-L, Touring) is more powerful, which makes Accord more fun to drive.

    READ MORE: Honda exhibits e:N2 Concept model

    Honda’s first integration of Google built-in (Touring), including Google Assistant, Google Maps and Google Play capability with the latest apps and services.

    New Over the Air (OTA) software updates to nearly all vehicle computer modules, enhancing functionality and capability

    The car has the updated 1.5-liter Turbo engine (LX, EX) which adds refinement and responsiveness while remaining fuel efficient.

    Accord hybrid models (Sport, EX-L, Sport-L, Touring) feature an all-new, more powerful 4th-generation two-motor hybrid-electric system with a pair of electric motors that are now mounted side-by-side and an all-new 2.0-liter Atkinson cycle 4-cylinder engine that adds direct fuel injection.

    This new configuration allows for the use of a larger propulsion motor with increased torque output. Combined system output is 204 hp2, while traction-motor peak torque is 247 lb.-ft. of torque (up 15 lb.-ft.).

    READ MORE: Honda Aircraft unveils Jet Elite II