Airlink Communications, a leading distributor and retailer of smartphones in Pakistan, is gearing up to launch its first electric vehicle (EV) in partnership with Xiaomi. This move not only aims to tap into the burgeoning EV market but also holds significant export potential, according to insiders. The upcoming electric car...
Since the decades-old Suzuki Bolan, aka “Carry Daba,” has been officially discontinued, and Pakistan Suzuki Motor Company (PSMC) has also revealed the chassis number of the last unit, “locally assembled Suzuki Every,” will soon take its place. After a series of reports regarding the launch of this mini MPV, we finally received the price update....
For those who thought that an electric car for the masses of Pakistan was a far-fetched dream, they were awestruck as Eco-Green Motors Limited, under Yousuf Dewan Companies, took the automobile market by storm. Yes, it’s here—an electric car for Pakistanis, to be driven without worrying about fuel prices....
Indus Motor Company (IMC) announced its financial results for the nine-month period ending March 31, 2024, which witnessed a 61% increase in profit after tax, to PKR 9.41 billion, compared to PKR 5.84 billion, for the same period last year. IMC’s net sales turnover for the nine-month period decreased to Rs....
TPL Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic partnership with Regal Automobiles Industries Ltd. (RAIL), a renowned name in the automotive industry. The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two entities, paving the way for groundbreaking offerings...
Indus Motor Company (IMC) is honored to have received the esteemed Corporate Social Responsibility (CSR) Award from The National Forum for Health and Environment (NFEH). The recognition was bestowed upon IMC in the category of "CSR Initiatives", acknowledging its unwavering commitment and outstanding contributions to the United Nations' Global...
In a recent development, the Federal Board of Revenue (FBR) has dismissed a proposal to impose an 18% sales tax on locally manufactured cars. This decision reflects a strategic stance by the tax authority against introducing a higher tax burden on the domestic automotive industry. Key Points: Taxation Policy: The rejection...
In a strategic move, Toyota Indus Motor Company (IMC) is set to make a substantial investment of Rs 3 billion in the local production of auto parts. This development underscores the company's commitment to fostering domestic manufacturing capabilities and aligning with the broader objectives of promoting self-sufficiency in the...
Pakistani motorsports leaps forward as the Omni Racing team, comprised of the top 4 racing drivers of the country, Syed Ovais Naqvi (c), Shahzeb Qureshi, Omer Khuhro, and Sanaan Jamali, prepares to compete in the first round of the Dubai Endurance Championship 2024 on Feb 24. "Motorsports in Pakistan have...
Toyota Pakistan, one of the leading automobile manufacturers in the country, has announced a remarkable surge in sales for January 2024, marking an unprecedented increase of 304% compared to December 2023. According to official data released by the company, Toyota sold a total of 2,762 vehicles in January, a stark...