Page 2 - Auto Development News Today

The policy of government has been to promote industrial activities through competition among local auto manufacturers leaving market forces to determine open market value in the automotive industry.

Honda is preparing to unveil a new, 800 horsepower hybrid race car... built out of a CR-V of course.

Initiative will promote local manufacturing as demand for solar panels soars

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KARACHI: The car sales volume increased by around 50 percent in the first nine months of the financial year 2022, but industry experts see auto volumes coming down in the next fiscal amid increasing...

KARACHI: Lucky Motor Corporation (LMC) on Saturday officially launched the country’s first locally assembled...

A representative image. KARACHI: Government’s previous auto policy – Auto Development Policy 2016-21 – brought many new...

For Alto 660cc, the new price is expected to stand at Rs1,093,542 after deduction in duties

ISLAMABAD: The government is considering different proposals to slash down Additional Customs Duty and Regulatory Duty on different brands of cars and other vehicles under the upcoming Auto...

The government has showered auto assemblers with a number of incentives like a cut in the Federal Excise Duty (FED) by 2.5 per cent, additional customs duty (ACD) from 7pc to 2pc and general sales tax (GST) to 12.5pc from 17pc on cars up to 1,000cc. Consumers have recently witnessed price cuts of Rs11,000-400,000 on different engine power vehicles. Industry people believe that the cut in duties and taxes in Budget 2021-22 is an integral part of the new Auto Development Policy 2021-2026 and some...