Car manufacturers resume operation as lockdown eases

KARACHI: Automobile industry has resumed manufacturing and administrative operations after the government eased lockdown. Honda Atlas and Indus Motors on Tuesday informed Pakistan Stock Exchange (PSX) about resumption of their manufacturing operations.... Read more »

Car sales come down by 44% in eight months

KARACHI: The domestic car sales have declined by 44 percent during first eight months of current fiscal year owing to higher prices and economic slowdown. According to data released on Wednesday by... Read more »

Indus Motors posts 67% decline in half-year profit

KARACHI: Indus Motors Company Limited on Wednesday declared massive 67 percent decline in net profit for six-month period ended December 31, 2019. Read more »

Car sales decline by 45% in seven months

KARACHI: The sale of locally manufactured cars has declined by 45 percent to 78,806 units during first seven months (July – January) 2019/2020 as compared with 142,579 units in the corresponding months... Read more »

Car sales slump by 44% in first half

KARACHI: Car sales have slumped by 44 percent to 67,019 units in first half (July – December) of fiscal year 2019/2020 as compared with 120,066 units in the corresponding half of the... Read more »

Car sales witness 45 percent decline in July – November

KARACHI: Car sales witnessed 45 percent decline during first five months (July-November) 2019/2020 owing to increased prices and high cost of auto financing. Read more »

Meezan Bank, Indus Motors sign MoU for priority vehicle delivery

KARACHI: Meezan Bank – Pakistan’s leading Islamic bank – has recently signed a Memorandum of Understanding with Indus Motor Company Ltd (IMC) – one of the largest automotive manufacturers and distributors in... Read more »

Indus Motors declares fall in half-year profit on high cost of sales

KARACHI: Indus Motors Company Limited has declared 6.13 percent decline in half yearly net profit owing to significant rise in cost of sales for the period. Read more »

Car sales decline 3.2 percent in July – January

KARACHI: The sale of locally assembled motor vehicles has declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value. Read more »

Auto sales post 12-year growth in December on MoM basis

KARACHI: Pakistan Auto sales are up by percent Year-on-Year (YoY) in December 2018, as against 17 percent YoY decline in November 2018.       Moreover, sales are up 11 percent Month-on-Month... Read more »