Pkrevenue.com

Category: Automotive

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

  • Toyota to launch all-new Prius on Nov 16

    Toyota to launch all-new Prius on Nov 16

    JAPAN: Toyota Motor Corporation today announced to hold world premiere of the all-new Prius on November 16, 2022.

    Previously Toyota launched All-New Crown on July 15, 2022. 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.

    Toyota on August 23, 2022 launched Sienta minivan that combines the convenience of a minivan, with a spacious cabin and seating for seven passengers, into a compact body size.

  • Suzuki launches V-STROM 800DE and GSX-8S

    Suzuki launches V-STROM 800DE and GSX-8S

    Suzuki Motor Corporation has launched the V-Strom 800DE and GSX-85. The unveiling ceremony took place at the EICMA 2022, which was held in Milan.

    The global sales for the V-STROM 800DE will start from February 2023, and the GSX-8S from March 2023.

    The V-STROM 800DE and the GSX-8S were developed as brand-new 800cc class models with lightweight and features for a wide range of riders.

    Both models offer optimized balance of ridability required both in daily commuting and in touring. The newly developed 776cm3 parallel twin engine suppresses vibration to contribute to realize smooth operation and a compact.

    Lightweight engine design by adopting the Suzuki Cross Balancer, the first of its type on a production motorcycle to position its two balancers at 90° to the crankshaft.

    The V-STROM 800DE was developed as an adventure model that best performs in all fields from touring to daily commuting. S.I.R.S (Suzuki Intelligent Ride System) electronic control system for various riding conditions is adopted with the G (gravel) mode in the traction control system, and cancellable ABS for the rear brake, so riders can control riding over gravel roads according to their preferences.

    Adjustable front and rear suspensions, large diameter 21-inch front wheels and semi-block pattern tires on the front and rear are also adopted. While carrying on the tradition of the V-STROM series, the lines of the body work are made sharper with bold accent color parts at the tip of the front cowling and below the fuel tank.

    The GSX-8S was developed with an aim to offer riders of all ages and skill levels limitless possibilities in enjoying all sorts of riding. S.I.R.S is equipped with systems including SDMS (Suzuki Drive Mode Selector) with three different output modes, traction control system also with three modes selection, and bi-directional quick-shift system that allows up and down shifting without operating the clutch lever or throttle to meet various riding scenes and skills.

    The lightweight aluminum swingarm contributes to nimble handling. The unique and modern styling, designed to lead in a new generation trend, highlights its functional beauty accentuated by exposing the engine and seat rails in addition to the distinctive short exhaust.

  • Some car assemblers, manufacturers may exit Pakistan

    Some car assemblers, manufacturers may exit Pakistan

    KARACHI: Some car assemblers/manufacturers may exit Pakistan market because the automotive industry is facing immense difficulties.

    Indus Motors in a management briefing informed that automobile sector faces unforeseen external challenges due to unprecedented rupee devaluation and import restrictions by SBP. “That said, some players may exit from the market,” according to Topline Securities quoted as saying.

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

    Indus Motors (INDU) conducted its Corporate Briefing Session (CBS) today to discuss the first quarter of the current fiscal year financial results and company outlook.

    INDU is currently running at production capacity of 40-50 per cent due to SBP restrictions and management don’t see restriction to ease soon.

    At current production level, INDU’s order book is filled for next 3 months. The orders can be delivered in 4-5 weeks if restriction eases.

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

    Furthermore, floods wreaking havoc along with higher inflation and low purchasing power of consumers will have a negative impact on demand of the entire auto sector in upcoming periods.

    The auto financing is down from 35 per cent to just 10 per cent due to higher interest rates and reduction in financing tenure.

    Management informed that localization rate in value terms for Yaris and Corolla is 65 per cent after deduction of 39 per cent taxes and duties.

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

    With regards to recently announced refund policy, management informed that around 400-500 clients cancelled their booking and got their cash back along with interest amount.

    Investment plan of US$100mn for local production of HEV vehicles is on track; where company is expected to launch its variant by end of next year in 2023.

    Pakistan car sales down 51 per cent YoY to 47,178 units in 1QFY23 out of which INDU car sales clocked in at 8,994 units, down 52 per cent YoY. Used car imports clocked in at 1,039 units in 1QFY23.

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

    Net sales in 1QFY23 down 43 per cent to Rs37bn from Rs66bn in 1QFY22 due to lower production on account of limited imports allowed by SBP thereby forcing the company to observe regular shutdowns during the quarter. Similarly profit after tax also down by 76 per cent YoY to Rs1.3bn from Rs5.4bn primarily due to gross loss.

    INDU recorded gross loss of 6 per cent in 1QFY23 compared to gross profit of 11 per cent in 1QFY22 due to rupee devaluation against US dollar, increased freight charges and higher commodity prices. The management indicated the there would also be loss in 2QFY23 however the quantum would be lower compared to 1QFY23.

  • Honda exhibits e:N2 Concept model

    Honda exhibits e:N2 Concept model

    Honda exhibited new e:N2 Concept, the concept model for the second set of its e:N Series models.

    The exterior design of the e:N2 Concept features sharp and dynamic body lines and surface finishing which highlights the metallic look, aiming to present new styling that does not belong to any existing categories. The interior was designed with an aim to realize the value of this EV as a space where occupants can enjoy intellectual exhilaration.

    To this end, a clean and uncluttered digital cockpit was adopted, and smart hospitality for the occupants will be offered with the latest Honda CONNECT features as well as the effective presentation of lighting and scents.

    As for driving performance, built on the e:N Architecture F, a dedicated architecture developed exclusively for the e:N Series, the e:N2 Concept was designed to achieve unique driving pleasure, enabling the driver to enjoy a strong “sense of unity with the vehicle.” This was realized based on the dynamics technologies of Honda, including outstanding vehicle stability and crisp handling.

  • Ford launches 2023 Transit Trail commercial van

    Ford launches 2023 Transit Trail commercial van

    Ford Motor Company launched the 2023 Ford Transit Trail commercial van, loaded with unique features and abilities.

    The current MSRP for Transit Trail van starts at $65,975. The van is launched with three variants including the medium and high roof models and high extended length variant.

    The van carries 3.5-liter EcoBoost V6 engine that produces 310 horsepower and 400 lb.-ft. of torque3, mated to a 10-speed automatic transmission.

    READ MORE: Nissan Z GT4 unveiled at 2022 SEMA show

    The van has intelligent All-Wheel Drive, with five selectable drive modes, including Normal, Eco, Mud/Ruts, Tow/Haul and Slippery.

    The ride height of the van is increased to 3.5-inch, a 2.75-inch wider track, 30.5-inch Goodyear Wrangler Workhorse all-terrain tires, and 16-inch black alloy wheels.

    READ MORE: Price, upgrades of newly launched Toyota GR Supra GT4 EVO 2023

    The front of the van has black grille with integrated marker lamps and black HID headlamps, unique skid plate-style front bumper, splash guards, wheel arch cladding, front wheel arch liners, and slider-style driver- and passenger-side steps.

    The can also have some tech features that enable confidence while on and off the trail with Intelligent Access with push-button start, Blind Spot Assist 1.0, Reverse and Side Sensing systems, Adaptive Cruise Control.

    READ MORE: Price, specifications of Chevrolet Trax

  • Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Motor Co., Ltd. and Nissan Motorsports unveiled the Nissan Z GT4, which is based on the Nissan Z. The unveiling event took place at the 2022 SEMA show in Las Vegas, Nevada.

    The Nissan Z GT4 is scheduled to be supplied from 2024, with orders being accepted from mid-2023.

    The car was first revealed at the end of September in traditional NISMO livery, the specially-constructed Nissan Z GT4 for SEMA, features a unique livery that ties in past vintage racing heritage with modern design.

    The front hood of the car displays the number 23, which is Nissan’s exclusive number, found within a rising sun circle harking back to the very early racing liveries of the 70’s.

    READ MORE: Nissan Z GT4 unveiled; to be available from 2023

    Additionally, the new Z logos on the rear quarter panel highlight the modern interpretation of the original 240Z and Fairlady Z badging, all while covered over the iconic Nissan and NISMO red and black color scheme.

    For the Nissan Z GT4’s inaugural 2023 season, Nissan/NISMO will provide cars to pilot customer teams in the US and Japan for the SRO Pirelli GT4 America series and Super Taikyu Series, respectively.

     While developing the Nissan Z GT4, NMC’s NISMO racing division not only conducted extensive testing in Japan and the United States but also took part in select Japanese races.

    The aim was to meet the needs of professional drivers as well as to ensure that amateur enthusiasts could enjoy the dynamic and exciting performance of the Z.

    READ MORE: Nissan says goodbye to Russian markets

  • Customs Enforcement announces auction of vehicles on Nov 09, 2022

    Customs Enforcement announces auction of vehicles on Nov 09, 2022

    Collectorate of Customs (Enforcement) Peshawar has announced auction of motor vehicles to be held on November 09, 2022 at various state warehouses of the Collectorate.

    Following is the list of vehicles to be presented for the auction at state warehouse godown, Peshawar:

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

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

    READ MORE: FBR auctions confiscated immovable properties on Nov 15, 2022

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

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

    List of vehicles to be presented for the auction at state warehouse, Mardan:

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

    02. Toyota Estate Car, Model 1997 (As per Website), Chassis No. CE100-0073091

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

    READ MORE: FBR issues circular to relax income tax return filing deadline

    04. Toyota Double Cabin, Model 2002 (As per Website), Chassis No. MR033-UNE907004986

    05. Toyota Fielder Car, Model 2004 (As per Website), Chassis No. NZE121-0327891

    06. Toyota Fielder “X” Car, Model 2003 (As per Website), Chassis No. NZE121-0268084

    List of vehicles to be presented for the auction at state warehouse, Nowshera:

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

    List of vehicles to be presented for auction at state warehouse godown, parked at Landikotal Colony:

    01. Toyota State Car, Model 1988 (As per Website), Chassis No. CE90-0023670

    READ MORE: Withholding tax rates on immovable property transactions during 2022-2023

    02. Toyota Corolla Car, Model 1987 (As per Website), Chassis No. EE90-5007972

    03. Toyota Pick Up, Model 1991 (As per Website), Chassis No. LN65-1190463

    04. Toyota Towance, Model 1992 (As per Website), Chassis No. CR21-0170379

    05. Toyota State Car, Model 1993 (As per Website), Chassis No. CE109-0016885

    06. Toyota Corolla “G” Car, Model 2000 (As per Website), Chassis No. NZE121-0004457

    07. Toyota Corolla Car, Model 1992 (As per Website), Chassis No. CE106-0018812

    08. Toyota Towance, Model 1984 (As per Website), Chassis No. CR21-0007875

    READ MORE: Tax rates on usage of phone, internet applicable during 2022-2023

  • Honda Pakistan increases prices of motorcycles

    Honda Pakistan increases prices of motorcycles

    KARACHI: Atlas Honda Limited has increased the prices of the motorcycles in the wake of high inflation in the country and restrictions to import raw materials.

    Considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely Knocked Down (CKD) kits and raw materials, the company’s supply chain had also been disrupted by such measures.

    Following are the increased prices of Honda motorcycles which will be implemented from November 01, 2022:

    The price of Honda CD 70 has been increased by Rs5,000 to Rs121,500, from Rs116,500,

    The price of Honda CD 70 Dream has been increased by Rs5,400 to Rs129,900 from Rs124,500.

    The price of Honda Pridor has been increased by Rs6,000 to Rs161,900 from Rs155,900.

    The price of Honda CG 125 has been increased by Rs6,000 to Rs185,900 from Rs179,900.

    The price of Honda CG 125 SE has been increased by Rs8,600 to Rs219,500 from Rs210,900.

    The price of Honda CB 125F has been increased by Rs10,000 to Rs283,900 from 273,900.

    The price of Honda CB 150F has been increased by Rs15,000 to Rs353,900 from Rs338,900.

    The price of CB 150F SE has been increased by Rs15,000 to Rs357,900 from Rs342,900.

  • Features, price of Haval H6 in Pakistan

    Features, price of Haval H6 in Pakistan

    Sazgar Engineering Works Limited launched the Haval H6 SUV in Pakistan, which is the hybrid electric vehicle. The company introduced the SUV in two variants, 1.5T and 2.0T.

    The company launched the Haval H6, with the ex-factory price of Rs9,749,000. The booking price of the car is Rs1,900,000.

    The SUV adopts miller cycle, electronic water pump, 12:1 high compression ratio, and other advanced technologies. The thermal efficiency is up to 38 per cent.

    The car has the maximum engine power up to 113KW, maximum torque is 233NM and the motor maximum power is 130KW and maximum torque is 300NM.

    The whole engine has four leading characteristics of high efficiency, low fuel consumption, high performance and light weight.

    The application of light weighting technology reduces the car weight, which results in the improvement of fuel economy by 14.5 per cent.

    The car has some interesting features with advanced intelligence like the full extensibility, strongest security protection, highest energy efficiency ratio and extraordinary global quality.

    The car has been tested on more than 6 million kilometers road test, gathering 18 kinds of global typical environmental application analysis.

    The test had been conducted to ensure the global recognized product quality with global high validation standards.

    Some of the external equipment include electric tail gate with delayed closing and memory function. The 19-inch alloy wheels with tyre size of 225/55. Front and rear boneless automatic wipers. The car also has the panoramic sunroof and shark fin antenna.

    The internal features include the multi functions steering wheel with paddle shifters. The front interior of the car and the luggage cabin have only 12V power outlet.

    The security features of the car include the keyless entry system of the car. The car is started by the button type push-to-start system. The car contains car locating function, anti-theft alarming system, automatic crash unlock system and speed sensing central door lock.

  • Price, specifications of Chevrolet Trax

    Price, specifications of Chevrolet Trax

    Chevrolet launched the SUV Trax with new features and technological advancement seeking the practicality of a compact car.

    The SUV provides more space for passengers and cargo. The car is launched with the suggested retailing price of $21,495.

    The press release issued by the company stated about the body of the car. At the front, sleek horizontal lines emphasize the vehicle’s width and are designed around the lines of the iconic Chevy bowtie at the center of the grille, which flow outward to the slim, Blazer-inspired headlamps that feature all-new LED lighting elements. Chevy-signature high-eye LED daytime running lamps make the Trax more visible, day or night.

    A sleeker side profile is enhanced by a 4-inch-lower (101 mm) overall height than the current model, while strong “shoulders” in the body contribute to a taut, muscular presence and strong stance.

    Trax’s interior was designed to have a lightweight feel, achieved with sweeping lines and light, technical cues that emphasize the vehicle’s width and create a sense of airiness — all enabled by the vehicle’s longer, lower and wider platform.

    The low instrument panel enhances outward visibility and contributes to the feeling of airiness, while a technical texture pattern sweeps across, adding depth. Other elements take inspirations from other recent Chevy performance vehicle designs, including signature round vents and more.

    Display screens are the centerpiece of the tech-forward design, with the infotainment screen canted slightly toward the driver, for more intuitive control.

    The new Trax’s larger dimensions pay dividends when it comes to the driving experience and interior spaciousness, with its nearly 6-inch-longer wheelbase and wider track offering more composed ride and handling characteristics, compared to the current model.

    Inside, the 11-inch greater length and 2-inch greater width than the current model translates into greater roominess and cargo capacity, including 3 inches more rear legroom, which increases comfort for rear-seat passengers, and maximum cargo capacity that increases by nearly 12 per cent.