Tag: Car production
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Here’s why Toyota Indus Motor Company is halting car production for one month
Indus Motor Company (IMC), the leading manufacturer of Toyota vehicles in Pakistan, has announced a temporary production suspension lasting a month due to inventory shortages.
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‘Insufficient inventory levels’ force Toyota IMC to suspend car production for two weeks
Due to the continuing economic crisis, Pakistan’s automobile industry is struggling much like all other businesses. In the most recent development, Toyota Indus Motor Company (IMC) has temporarily halted automobile production. Non-production days (NPDs) will be observed by the automaker from February 1 to February 14, 2023. Due to limited supply, the corporation will also…
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Pak Suzuki announces second plant closure in less than 10 days due to parts shortage
Due to a persistent lack of imported components and accessories, Pak Suzuki Motor Company Ltd (PSMCL) has prolonged the factory shutdown from January 9 to 13 after keeping manufacturing operations paused from January 2 to 6. However, the business stated in a stock filing on Friday that the motorbike facility will continue to be in…
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SBP to lift import restrictions next week
The government has lifted import restrictions on commodities intended for vehicle manufacturing, mobile production, solar power equipment, and nuclear reactors for power generation projects commencing in 2023, despite Pakistan’s limited foreign exchange reserves.
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Hyundai Pakistan launches another variant of obsolete Elantra
Hyundai-Nishat has introduced the long-awaited Elantra GL 1.6, with a hefty price tag of Rs4.3 million for the ‘base trim’. This model was predicted to compete with the Altis X 1.6, but Rs4.3 million for a base model does not seem to attract much for a car that already existed. The ‘latest sedan’ is now…
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Here’s a look at the upcoming Honda Vezel 2023
Honda’s mini-SUV, the HR-V is finally approaching its second generation. The upcoming model will have some significant upgrades from styling to engine performance. It will be bulkier, futuristic, and more powerful than the previous model, with better looks than the smaller, hybrid-only European variant introduced in 2021. VEZEL and HR-V confusion For those who may…