Honda Atlas Suffers from 51% Decline in Profits
Honda Atlas Cars’ profit dropped 51% to Rs 509.7 million in the quarter ended 30th September 2019 due to reduced sales and a significant decline in other operating income.
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Pak Suzuki Suffering from a Massive Decline in Sales
Pak Suzuki is suffering from a massive decline in sales. The company is experiencing 64% reduction in sales compared to previous year.
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The New DFSK Glory 580 Pro Goes on Sale in China
The DFSK Glory 580 Pro which is the new facelifted version of the 7-seat SUV that was displayed at the 2019 Shanghai Auto Show earlier this year has went on sale in Chinese market.
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Daewoo Express Signs JV Agreement with Double Star Tires China
Daewoo Express in collaboration with MSD Tires have signed a joint venture agreement with Double Star China, one of the largest tire manufacturers in the world, to set up a state-of-the-art tire manufacturing plant in Pakistan.
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Car Sales Down by 44% Year on Year
Car sales in Pakistan continue to suffer as sales of locally assembled cars went down by 44% as of the first 4 months of this fiscal year. Between July and October 2019 sales of 40,586 units were recorded compared to 72,563 units in the same period of previous fiscal year.
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IMC Will Observe Non Production Days in November Also
With Toyota Corolla suffering from 60% decline in sales, IMC will observe 5 non production days in November while the company will continue to operate on single shift basis till the end of this year.
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Honda to Work for Only 7 Days in November
Honda Atlas has announced to work for only 7 days in November due to miserable sales and piled-up unsold stocks.
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Mitsubishi Xpander Cross Revealed
Mitsubishi has revealed the new Xpander Cross, which is basically an SUV-inspired version of the seven-seat Xpander MPV. The Xpander Cross will go on sale in Indonesia starting from tomorrow before being exported to other markets in the ASEAN region.
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7th Generation Honda City to Debut on 25th November
Honda is all set to unveil the 7th generation City subcompact sedan on the 25th of November in Thailand ahead of the 2019 Bangkok Motor Show. After debuting in Thailand, the 7th gen Honda City will go on sale in Thailand towards the end of this year followed by its Malaysian and Indian debut by early 2020, while it will begin reaching other markets there after.
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EV Policy will Have a Big Impact on Local Auto Industry
The EV Policy will not only help transform the auto industry but will also ensure reduced oil import bill and low carbon footprint in the country.
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