Category: Automotive

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

  • Suzuki Motors extends plant shutdown in Pakistan

    Suzuki Motors extends plant shutdown in Pakistan

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

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

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

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

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

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

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

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

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

    Following are the new rates of Suzuki Swift:

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

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

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

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

    READ MORE: Indus Motors rebuts plant shutdown reports

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Porsche launches new Porsche 911 GT3 RS

    Porsche launches new Porsche 911 GT3 RS

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

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

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

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

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

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

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

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

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

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

    Track suspension that can be adjusted from the cockpit

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

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

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

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

    High-revving four liter six-cylinder boxer engine

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

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

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

    Lightweight construction all the way

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

    Available with Clubsport and Weissach packages

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

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

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

    Exclusive Porsche Design Chronograph

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

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

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

  • KIA Motors introduce new Executive variant of Carnival in Pakistan

    KIA Motors introduce new Executive variant of Carnival in Pakistan

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

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

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

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

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

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

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

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

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

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

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

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

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

    READ MORE: KIA launches sportage vehicle in Pakistan

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

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

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

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

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

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

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

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

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

    READ MORE: Previous prices of Toyota Cars in Pakistan

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

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

    Following are new rates of all variants of Toyota Fortuner:

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

    READ MORE: Toyota Indus Motors announces plant shutdown

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

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

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

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

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

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

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

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

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

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

    Following are the new rates of Suzuki Swift:

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

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

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

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

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

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

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

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

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

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

    READ MORE: Indus Motors rebuts plant shutdown reports

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Suzuki shuts down plant in Pakistan on import restriction

    Suzuki shuts down plant in Pakistan on import restriction

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

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

    READ MORE: Suzuki Motors warns plant shutdown in Pakistan

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

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

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

    READ MORE: Indus Motors rebuts plant shutdown reports

  • Pakistan unveils first locally made electric car

    Pakistan unveils first locally made electric car

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

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

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

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

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

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

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

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

    READ MORE: Jazz announces free calls to calamity hit Balochistan

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

  • 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

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    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

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    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