Tag: Local Assembling
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Air Link partners with Xiaomi for assembling TVs in Pakistan
Air Link Communication Ltd. will start assembling Xiaomi televisions in Pakistan in January 2024. This noteworthy development, reported by Bloomberg, marks a strategic move forward for the company.
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Inventory shortage forces Pak Suzuki to temporarily halt operations
Pak Suzuki Motor Company (PSMC) announced on Wednesday that it will temporarily halt operations at its automobile plant from February 13th to 17th, due to an insufficient inventory. The management of Pak Suzuki, the local assembler, manufacturer, and marketer of Suzuki vehicles and related spare parts, has informed the Pakistan Stock Exchange (PSX) that it…
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Kia increases car prices by up to Rs1.3 million ‘due to significant devaluation of Pakistani rupee’
As the value of the Pakistani rupee (PKR) against the US dollar falls to an all-time low, Kia Lucky Motors Corporation (KLMC) has announced a significant hike in their car prices in Pakistan. Details indicate that, depending on the model, the manufacturer has increased the price of the Kia Picanto, Kia Sportage, Kia Stonic, Kia…
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Pak Suzuki increases motorcycle prices by up to Rs25,000
Pak Suzuki Motor Company Ltd. (PSMCL) has increased motorcycle prices by Rs20,000-25,000, effective February 1st. The new rate for GD110 S, GS150, GSX125, and GR150 is Rs264,000, Rs286,000, Rs384,000, and Rs410,000. However, the company’s communication to authorised dealers lacked any explanation for the price increase. PSMCL had temporarily ceased taking new bike orders as of…
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Yamaha Pakistan increases bike prices by up to Rs13,500 due to an increase in production costs
Yamaha Motor Pakistan on Tuesday announced an increase in the prices of its overall motorcycle lineup owing to an increase in production costs.
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Pak Suzuki extends plant closure due to low inventory
The State Bank of Pakistan (SBP) has imposed import restrictions that have negatively impacted the clearance of import consignments, which has in turn affected the inventory levels, according to Pak Suzuki Motor Company (PSMC), which announced on Monday that the shutdown of its auto production plant has been further extended from August 29 to August…
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Pak Suzuki suffers losses of Rs17.23 million due to rising production costs
Pak Suzuki Motor Company Ltd. (PSMC) reported its half-yearly results, which were completed on June 30, 2022. The company reported a net loss of Rs17.23 million against a net profit of Rs1.19 billion, according to the automaker’s latest filing on the Pakistan Stock Exchange (PSX). According to Mettis Global, the company’s sales revenue climbed 30…
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Changan is not reducing the price of Alsvin variants
With the exception of Alsvin, Changan has announced price reductions for all locally assembled vehicles. While Changan and every other brand in Pakistan increased the price of automobiles to an all-time high, it appears that the Chinese manufacturer has noted that Alsvin variants were far less expensive and still seemed like a good option for…
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Govt lifts import ban on luxury goods with heavy duties
On the recommendation of the International Monetary Fund (IMF), the Federal Minister for Finance and Revenue, Miftah Ismail, announced lifting of the ban on the import of luxury and non-essential goods on Thursday. He added, however, that the Regulatory Duties (RDs) would be increased significantly to deter the import of such items. “It is requirement…
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Hyundai-Nishat announces a hefty price hike following KIA
Hyundai-Nishat Motors raised the pricing of its Tucson variants by Rs1.1 million, citing the decline in the currency as the primary cause, following Lucky Motor Corporation’s price increases for its KIA-brand vehicles. After an increase of Rs1.1 million price increase for the c, the Hyundai Tucson FWD model is now offered for Rs6.89 million. The…