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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.

  • Toyota Motors suspends production at Tsutsumi plant

    Toyota Motors suspends production at Tsutsumi plant

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

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

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

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

    Announced on August 8, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

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

    Affect to production operation

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

    Date tested positive

    August 5 and 6, 2022

    Last date at work

    August 5, 2022

    Date work site was disinfected

    August 5, 2022

    Others

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

    Announced on July 27, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

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

    Affect to production operation

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

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

    Date tested positive

    July 24, 25, and 26, 2022

    Last date at work

    July 23 and 25, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Others

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

    Announced on July 26, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

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

    Affect to production operation

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

    Date tested positive

    July 24 and 25, 2022

    Last date at work

    July 23, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Announced on January 20, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

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

    Affect to production operation

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

    Date tested positive

    January 17, 18, and 19, 2022

    Last date at work

    January 17, 2022

    Date work site was disinfected

    January 17, 18, and 19, 2022

    Announced on January 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

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

    Affect to production operation

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

    Date tested positive

    January 18 and 19, 2022

    Last date at work

    January 18 and 19, 2022 

    Date work site was disinfected

    January 18 and 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan 

    Type of worker

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

    Affect to production operation

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

    Date tested positive

    January 18, 2022 

    Last date at work

    January 18, 2022 

    Date work site was disinfected

    January 18, 2022

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

    Karachi Customs to auction confiscated vehicles on August 11, 2022

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

    The Collectorate is schedule to auction following vehicles.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Peshawar Customs to auction motor vehicles on August 11, 2022

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

    The Collectorate issued the auction schedule for following vehicles:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    LIST OF VEHICLES RIPE FOR AUCTION SWH MARDAN

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

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

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

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

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

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

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

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

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

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

    LIST OF VEHICLES RIPE FOR AUCTION SWH NOWSHERA

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

  • New prices of Honda Cars in Pakistan

    New prices of Honda Cars in Pakistan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    READ MORE: Honda to slash production on supply constraints

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

  • Honda continue to provide technical support for RBPT

    Honda continue to provide technical support for RBPT

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

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

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

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

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

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

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

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

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

    READ MORE: Honda to slash production on supply constraints

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

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

    Hyundai’s heavy duty trucks to be exported to Germany

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

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

    READ MORE: Hyundai Motors announced 4% growth in July global sales

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

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

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

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

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

    READ MORE: Hyundai announces second quarter financial results

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

    XCIENT Fuel Cell Specifications

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

    READ MORE: Chevrolet unveils all-electric 2024 Blazer EV

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

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

    READ MORE: Pakistan reintroduces capital value tax on motor vehicles

  • Hyundai Motors announced 4% growth in July global sales

    Hyundai Motors announced 4% growth in July global sales

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

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

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

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

    READ MORE: Hyundai announces second quarter financial results

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

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

    READ MORE: Chevrolet unveils all-electric 2024 Blazer EV

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

    READ MORE: Pakistan reintroduces capital value tax on motor vehicles

  • New prices of Toyota Cars in Pakistan

    New prices of Toyota Cars in Pakistan

    KARACHI: Toyota Motors has announced new rates of its cars in Pakistan, which are applicable from July 29, 2022.

    According to Toyota Port Qasim Motors, the following are new ex-showroom indicative rates for both filers of income tax return non-filers:

    READ MORE: Toyota Indus Motors announces plant shutdown

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

    1. Toyota Yaris GLI 1.3 MT (1329CC): for filers Rs3,860,500; for non-filers Rs3,960,500.
    2. Toyota Yaris GLI 1.3L CVT: for filers 4,100,500; for non-filers 4,200,500.
    3. Toyota Yaris ATIV 1.3L MT: for filers 4,060,500; for non-filers 4,160,500.
    4. Toyota Yaris ATIV 1.3L CVT: for filers 4,270,500; for non-filers 4,370,500.
    5. Toyota Yaris ATIVX 1.5L MT (1496 CC): for filers 4,370,500; for non-filers 4,470,500.
    6. Toyota Yaris ATIVX 1.5L CVT: for filers 4,630,500; for non-filers 4,730,500.

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

    Following are the new indicative rates for all variants of Toyota Corolla:

    1. Corolla ALTIS MT 1.6L: for filers 4,960,500; for non-filers 5,060,500.
    2. Corolla ALTIS AT 1.6L: for filers 5,200,500; for non-filers 5,300,500.
    3. Corolla ALTIS AT 1.6L (Special Edition): for filers 5,700,500; for non-filers 5,800,500.
    4. Corolla ALTIS CVT 1.8L: for filers 5,840,500; for non-filers 6,140,500.
    5. Corolla ALTIS GRANDE CVT 1.8L (Beige interior): for filers 6,310,500; for non-filers 6,610,500.
    6. Corolla ALTIS GRANDE CVT 1.8L (Black interior): for filers 6,350,500; for non-filers 6,650,500.

    READ MORE: Toyota lowers July production in Japan

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

    1. 4×2 Single Cabin STD: for filers 6,271,500; for non-filers 6,871,500.
    2. 4x2S/CDE CKLESS: for filers 5,841,500; for non-filers 6,441,500.
    3. 4×4 S/C STD: for filers 8,291,500; for non-filers 9,091,500.

    Following are the new indicative rates for all variants of Toyota Hilux Revo Double Cabin:

    1. 4×4-D/CSTD E MT: for filers 9,452,500; for non-filers 10,252,500.
    2. 4×4 REVO G M/T: for filers 10,232,500; for non-filers 11,032,500.
    3. 4×4 REVO G A/T: for filers 10,712,500; for non-filers 11,512,500.
    4. 4×4 REVO V A/T: for filers 11,762,500; for non-filers 12,562,500.
    5. 4×4 ROCCO V A/T: for filers 12,412,500; for non-filers 13,212,500.

    READ MORE: Indus Motors rebuts plant shutdown reports

    Following are the new indicative rates for all variants of Toyota Fortuner:

    1. Fortuner G 4×2 STD 2.7L AT (Petrol): for filers 12,902,500; for non-filers 13,702,500.
    2. Fortuner V 4×4 2.7L ATHI (Petrol): for filers 14,692,500 for non-filers 15,492,500.
    3. Fortuner (S4) 4×4 AT 2.8L (Diesel): for filers 15,482,500; for non-filers 16,282,500.
    4. Fortuner Legender (S4) 4×4 AT 2.8L (Diesel): for filers 16,252,500; for non-filers 17,052,500.
  • Careem customers donate Rs10.3 million

    Careem customers donate Rs10.3 million

    KARACHI: Careem, the Super App for the greater Middle East and Pakistan on Friday announced they received donations worth Rs10.3 million during last two years through its reward feature.

    These donations were made by customers using the Careem app to multiple reputable charities including, Indus Hospital, The Citizens Foundation (TCF), World Wide Fund for Nature-Pakistan (WWF-Pakistan), NOWPDP, SOS Children’s Village, CYTE Foundation, Saylani Welfare Trust and Shahid Afridi Foundation (SAF).

    READ MORE: SBP issues electronic money license to Careem Pay

    The donation amount was revealed at an event where notables from multiple charities and Careem were present.

    Feroz Jaleel, Country Head, Careem Pakistanexpressed his gratitude for this generous initiative and said “We believe technology has the potential to act as an enabler in society, allowing people to donate using our Super App.

    It makes me very happy that our customers have come forward and contributed to the betterment of society. It is our responsibility to look after the less fortunate and support those in need”.

    READ MORE: Careem signs agreement to provide logistic solution to Unilever

    Careem rewards are virtual redeemable points that customers receive upon using any of the available services in the mobile application across the region.

    In Pakistan, customers get these points from taking a ride to using the delivery service or mobile phone recharge. Customers can redeem these points to get buy-one-get-one meals, discounts on entertainment and shopping from a variety of options available in the rewards section.

    READ MORE: Careem Pakistan asked to facilitate expatriates availing services in country

    These points can also be used to donate to charitable organizations to help them support the less fortunate people in society and make the world a better place to live.

    Careem has more than 800,000 Captains registered on its platform so far. As the region’s multi-service application, Careem offers multiple opportunities as it expands its services from the mobility of people to mobility of things and money including daily essential deliveries, peer-to-peer credit transfer, and mobile top-ups.

  • Toyota Indus Motors announces plant shutdown

    Toyota Indus Motors announces plant shutdown

    KARACHI: Indus Motors Company Limited, the manufacturer of Toyota cars in Pakistan, on Friday announced to temporary shutdown of its plant.

    In a communication sent to Pakistan Stock Exchange (PSX), the company said that due to unforeseen devaluation of the Pakistani Rupee, coupled with the Government restrictions, including the LC approval constraints rendering it impossible to import CKD kits without prior permission, and the continuing economic instability, the company is facing hurdles in import of CKD kits and components which is adversely affecting the supply chain and production activities.

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

    “The aforesaid delay and unforeseen factors have resulted in insufficient inventory levels as would be required to maintain further production. The situation is forcing the company towards a temporary production to shutdown and closure of the company’s plant.”

    In the light of above, the company on July 29, 2022 decided to temporarily shut down its production plant from August 01, 2022 to August 13, 2022.

    Previously the company said that the auto sector is facing unprecedented difficulties in its operations due to ongoing economic challenges and factors beyond the control of automobiles manufacturers.

    READ MORE: Toyota lowers July production in Japan

    The company further added that “the unprecedented devaluation of Pakistan Rupee (PKR), coupled with restrictions imposed by the State Bank of Pakistan (SBP) regarding prior LC approval for Completely Knocked Down (CKD) imports and continuing financing instability has radically impacted the auto industry.”

    The company clarified that as of July 27, 2022, there were no plans fixed for complete plant shutdown for more than two weeks in the month of August 2022.

    In a statement issued by the company on July 27, 2022, the company stated that taking the economic challenges and uncertainty into consideration, customers who wish to cancel their order bookings will be refunded 100 per cent of the deposited amount along with a mark-up payment.

    READ MORE: Indus Motors rebuts plant shutdown reports

    Mark-up shall be paid from the date of receipt of payment by the Company to the date of cancellation of the order, without any deduction of administrative charges.

    In light of this uncertainty, the tentative delivery timelines mentioned in the PBO for pending orders are being provisionally pushed back by at least 3 months. The price prevailing at the time of delivery shall continue to be applicable.