Tag: Pakistan auto industry

  • Chinese electric car maker set to invest big in Pakistan

    Chinese electric car maker set to invest big in Pakistan

    In a momentous development, a prominent Chinese electric vehicle (EV) manufacturer is making preparations to establish its EV production facility within Pakistan. However, their ambitions extend far beyond this endeavour, as they are also poised to inaugurate showrooms in key urban centres nationwide.

    This momentous announcement materialized following a productive meeting involving a delegation led by GU Xongquan, Assistant Chairman of the Xinjian Jingyi Cheng Group, and Amin Ullah Baig. Notably, Amin Ullah Baig holds the esteemed position of Vice President at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

    GU Xongquan astutely emphasised a pivotal aspect of this development. In a country where automobiles hold paramount importance for commuting, and with gasoline prices incessantly soaring due to global oil market fluctuations, the exigency for alternative energy solutions is abundantly clear. Electric vehicles (EVs) have emerged as a seamlessly fitting answer to this imperative.

    This undertaking transcends the realm of mere vehicular transportation; it signifies a substantial stride towards embracing more environmentally sustainable mobility alternatives within Pakistan.

    In an era marked by an escalating emphasis on sustainability worldwide, the presence of a prominent Chinese entity in the EV sector within Pakistan holds the potential to revolutionize our automotive industry. It offers the promise of a greener, more sustainable future that aligns with global imperatives.

  • Pak Suzuki follows Atlas Honda’s lead, raises motorcycle prices amid economic crisis

    Pak Suzuki follows Atlas Honda’s lead, raises motorcycle prices amid economic crisis

    In the midst of Pakistan’s economic crisis, the country’s automobile industry is struggling to stay afloat. One of the major players in the two-wheeler market, Pak Suzuki Motors, has recently increased the prices of its motorcycles due to the continuous devaluation of the rupee.

    This comes as no surprise since Pakistan’s auto industry heavily depends on imports and has been facing obstacles due to restrictions on the opening of letters of credit (LCs) after the rupee’s depreciation.

    According to a notification sent by the company to its dealers, the new rates will apply from May 9 and remain unchanged until further notice. The retail prices include the ex-factory product price and freight charges incurred on motorcycles that are delivered to dealerships.

    The notification mentioned that the rate of GD110s has increased to Rs335,000, GS150 to Rs364,000, GSX125 to Rs488,000, GR150 to Rs521,000, and GW250JP to Rs1.04 million.

    It’s worth noting that this isn’t the first time the automobile industry has seen such a price hike. Atlas Honda, Pakistan’s biggest player in the two-wheeler segment in terms of market share, recently increased its motorcycle prices for the fourth time this year, making them more expensive by Rs5,000-15,000.

    As the industry continues to face hindrances, it remains to be seen how it will adapt to the current economic conditions.

    Here are the new prices for all Suzuki motorcycles:

    Motorcycle Price (in PKR)
    GD110s Rs335,000
    GS150 Rs364,000
    GSX125 Rs488,000
    GR150 Rs521,000
    GW250JP Rs1,040,000