Automobiles

The Indus Motor Company (IMC) has reduced the prices of Daihatsu Cuore and Toyota Corolla Sedan. The reduction ranges between Rs 15,000 to Rs 40,000 per vehicle, said a statement of IMC on Wednesday.

The company’s spokes-person added that over the last several months IMC has made major capital investments amounting Rs 2 billion in the Phase 2 of Press Shop project and also in the engine assembly and testing facilities. These projects are now reaching implementation and start up stage that enables the company to pass the benefits of enhanced localisation and assembly to our valued customers, accruing from these projects.Read More »KARACHI: Indus Motor reduces prices of Corolla and Cuore from 30-Dec-2010

 Excise and Taxation Department introduced a new paper-free registration system of vehicles for convenience of citizens.

Under the new system, the applicant, from now on, will not require to fill any form, rather, he just have to bring required documents of vehicle and after scrutiny of the documents. After this, staff at the counter will fill the form on the computer within no time and will take out print, which will be handed over to the applicant, who will sign it for further processing of the case by the department.
Read More »ISLAMABAD: Paper-free registration of vehicles introduced in capital

By Mubarak Zeb Khan and Aamir Shafaat Khan

ISLAMABAD/KARACHI: The government has raised the import `age limit` of used cars to five years from three years sending a strong message of displeasure to domestic car assemblers for their constant ignorance to Islamabad`s demand to lower car prices.

The 5-year old cars will be cheaper than the three years old one to be imported under transfer of residence and personal baggage schemes of expatriate having a stay of more than six months abroad and gifts schemes entitled to the blood relatives in case of more than two years stay abroad.Read More »ISLAMABAD: Import of used cars up to 5 years allowed

By Moonis Ahmed

KARACHI: Making yen’s appreciation versus rupee the main reason, Honda Atlas Cars has raised the prices of its cars by Rs 30,000 on different models, Daily Times learnt on Thursday.

Honda City manual’s price after this increase has jumped to Rs 1,325,000 as compared to Rs 1,290,000 previously. The prices of Honda City automatic have gone up to Rs 1,456,000 as compared to Rs 1,426,000. It is pertinent to mention that a day earlier Indus Motors Company had also made an increase of Rs 29,000 on some of its Corolla models. Read More »Honda Atlas also increases car prices from November-2010

By Moonis Ahmed

KARACHI: One of the auto manufacturers has raised car prices up to 2 percent on its different models following hike in Japanese currency Yen, which is now at a 15-year high against major currencies, Daily Times learnt Tuesday.

Indus Motor Company’s spokesman in a statement said that the retail prices of some Corolla variants including XLI and GLI models have been raised by Rs 29,000, which translates into a 2 percent increase; however there will be no change in Altis price. After this price hike the cost of Corolla XLI with an increase of Rs 29,000 has gone up to Rs 1,354,000 as compared to Rs 1,325,000. Similarly the price of Corolla GLI now stands at Rs 1,479,000 as compared to Rs 1,450,000 previously. Read More »Indus Motors increases Toyota car prices from Nov-2010

By Moonis Ahmed

Two local car manufacturers– Pak Suzuki Motors Co Ltd and Honda Atlas Car Pakistan Ltd – have increased per unit prices on their different models from Saturday, according to a letter of the companies sent to authorised dealers.

“The decision to increase prices on different models of Suzuki and Honda has been implemented from September 18”, said an authorised dealer. “Both the companies, however, gave appreciation of yen against rupee as a reason for this increase in prices.”
Read More »KARACHI: Pak Suzuki, Honda Atlas increase prices

MULTAN: Pakistan’s first company manufactured energy efficient hybrid motorcycle is going to hit the domestic market shortly after Eidul Fitr.

And guess what? It gives a taste of quality bike ride with an edge of high-energy efficiency and environment-friendliness.

Hybrid bike was another novel but consumer-friendly idea of an entrepreneur born in Multan, Chaudhry Mohammad Yousaf Ibrahim, after launching country’s first battery-run bike in May 2008 in the city of saints.Read More »Energy efficient hybrid bike to hit Pakistan markets after Eid

By Moonis Ahmed

KARACHI: With rising rupee-yen parity (Yen appreciated by 7 percent against rupee in quarter ending June 2010), all car assemblers have once again muscled up for price increase.

According to analysts, after discussion with industry the conclusion came out that car prices may increase by 2 to 3 percent in the next few days on different models of Pak Suzuki and Indus motors.

It is worth mentioning that Pak Suzuki has already increased car prices of Jimny and APV last week. This partial impact of yen would provide assemblers some cushion to declining gross margins. The expected increase in car prices would be on top of the price increase witnessed in April’10 (by 2-3 percent). As far as volumetric sales are concerned, the sector has started feeling the heat of floods as car demand and premiums on spot purchases have declined.
Read More »Pakistan: Car prices likely to increase by 2-3 percent in September 2010

* Recall is fresh blow to automaker that recalled 10m vehicles earlier this year due to a faulty acceleration system

NEW YORK: Japanese automaker Toyota has announced the recall of 1.13 million of its popular Corolla vehicles in North America due to an engine defect that could make the car stop while it is being driven.

Toyota, the world’s largest car manufacturer, said Thursday the recall was issued for Corolla and Corolla Matrix vehicles built between 2005 and 2008 “to address some engine control modules (ECM) that may have been improperly manufactured.”Read More »Toyota recalls 1.13m Corolla vehicles in N America

Following are the car prices in Pakistan as of July 2010

TOYOTA

CAMRYRead More »Car prices in Pakistan