ISLAMABAD: Production of motorcycle in the country have increased by 2.56 per cent during the first eight months of the current fiscal year as compared to the same period of last year. According to the data of Pakistan Bureau of Statistics (PBS), as many as 1,128,082 motorcycles were manufactured during July-February (2013-14) against 1,099,917 during July-February (2012-13). On year-on-year basis, the production of motorcycles increased by 8.63 per c ...

KARACHI:  Though the automobile industry has been a protected sector in Pakistan, it debates the abolition of the negative list and the tiny sensitive list in trade with India. In an interview with The Express Tribune, House of Habib Vice Chairman Automotive Sohail P Ahmed explained why the auto industry is not against trade with India and how it wants the government to ease restrictions steadily. Ahmed said that it is possible for the automobile i ...

Lahore - The auto industry’ bus manufacturing units are operating at record low level of less than 3 percent of their installed capacity, as  all plants have produced merely 630 units of buses in first three quarters of the current fiscal year against the total annual production ability of 26,150 units thanks to the rambling import policy of the government. At a time when almost all provincial governments are planning to facilitate their public ...

ISLAMABAD - A private company has proposed an innovative solar taxi system for the capital, claiming that it will not only provide a cheaper transport to the people but will also reduce import bill. The proposal came from Islamabad-based Economia, which grabbed huge media attention last month after it launched country’s first commercial solar car. According to the document available with TheNation, in this proposal to government the company has v ...

KARACHI: The local bus assemblers are operating at less than three per cent of their installed production capacity since almost all provincial governments are importing major chunk of vehicles for their mass transport projects. Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Chairman Usman Aslam Malik on Saturday said that Hinopak Motors, Gandhara Nissan, Gandhara Industries, Afzal Motors, Daewoo Pak Motors, Tayyaba Motors ...

BEIJING: Daimler AG can expand production capacity at its Beijing to 350,000 vehicles a year if customer demand calls for it, Rene Reif, the head of manufacturing at Beijing Benz Automotive, said on Monday. Daimler is expanding its new plant in Beijing before it starts making its long-wheelbase Mercedes-Benz C-Class model, a new car tailored for the Chinese market, as part of a global expansion push by the premium auto maker. The Chinese plant, which b ...

DETROIT: Mazda Motor Corp is recalling 109,000 Tribute compact sport utility vehicles in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter. The recall affects Tribute SUVs from model years 2001 to 2004 as corrosion on a part of the vehicle's frame could result in the loss of steering control, Mazda said in a statement. A Mazda spokesman said on Monday that there have been no r ...

LAHORE - In order to increase sales of locally made cars and increase revenue collection the auto industry has emphasized on need to curb undue concessions to illegally imported used vehicle and to revise the fixed duty set under SRO 577. The valuation done under the SRO 577 is based on old prices which puts local industry at a disadvantage.  Regarding Income Tax Ordinance 2001, the industry proposed that the government should reduce Turnover tax f ...

LAHORE: Askari Bank Limited (AKBL) has partnered with Atlas Honda Limited (AHL) by signing a memorandum of understanding for the launch of the Riba Free Motorbikes Ijarah Facility to cater to the salaried employees. “This initiative by Askari Bank and Atlas Honda aims to explore the untapped motorbike leasing segment by offering highly attractive financing terms to salaried class in accordance with the Shariah guidelines,” said a release issue ...

BEIJING: Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. The 5 meter long vehicle, officially called the "Vision Future Luxury" but also referred to as the 9-series, is aimed at a growing class of ultra wealthy clients which are coveted by rival brands such as Bentley. Ian Robertson, BMW Group' ...