The automotive industry is undergoing one of the most significant transformations in its history, driven by the rapid adoption of electric vehicles (EVs), stringent emissions regulations, and technological advances. Amid this backdrop, reports have surfaced that two of Japan’s automotive giants, Honda and Nissan, are exploring the possibility of a merger to strengthen their positions in the evolving market.
As winter grips the roads, Hyundai has taken a bold step forward in automotive innovation with the introduction of its next-generation heated windscreen technology. Designed to enhance driver safety and convenience, this state-of-the-art feature promises to make icy mornings and frosted windows a thing of the past.
In a proactive move to facilitate citizens and reduce the hassle of token tax payments, the Excise and Taxation Department in Islamabad has announced extended office hours. This decision comes at a time when the deadline for token tax payments is fast approaching, and the department aims to accommodate the growing number of taxpayers.
In a remarkable feat of engineering and dedication, the Jinnah Avenue Underpass project is nearing completion in an unprecedented time frame of just 42 days. Located at the bustling intersection of Jinnah Avenue and [insert relevant crossroad or landmark], this underpass promises to alleviate traffic congestion and significantly enhance connectivity in the area.
The automotive industry has hit the brakes, with bank loans for car purchases dropping by a notable 10.7% in October 2024 compared to the same period last year. This decline reflects broader economic shifts and evolving consumer preferences, with far-reaching implications for lenders, automakers, and prospective car buyers.
Here’s a closer look at the factors behind this trend and what it might mean for the automotive and financial sectors.
In an unexpected yet increasingly common move in the global automotive industry, Toyota Indus Motors Company (IMC) has announced a temporary suspension of production at its manufacturing facilities. This decision comes amidst significant supply chain disruptions that have been affecting the automotive sector worldwide.
The 9th edition of the Thal Desert Rally 2024 concluded with roaring engines and spectacular performances over the weekend. Despite facing heavy fog, which forced the organizers to shorten the track, the event was a massive success. Top drivers from all over the country competed in various categories, including Prepared, Stock, Women, Bike, and Veteran, showcasing their skills and determination on the challenging terrain of the Thal Desert.
In an exciting move aimed at boosting sales and making premium SUVs more accessible, Hyundai Pakistan has announced a staggering discount of up to Rs. 800,000 on its popular models, the Hyundai Tucson and the recently launched Hyundai Santa Fe. This limited-time offer comes as a pleasant surprise for car enthusiasts and potential buyers, especially as the automotive industry faces economic challenges and fluctuating currency rates.
The government of Pakistan is gearing up for a potential increase in petroleum prices starting from November 16, 2024. The decision is expected as part of the fortnightly review of fuel prices, influenced by fluctuating global oil rates and adjustments to the exchange rate. This development is likely to have a significant impact on the economy, particularly affecting transportation costs and inflation rates across the country.
In a significant development for SUV enthusiasts and KIA fans, the KIA Sportage Hybrid has been spotted undergoing road tests, sparking speculation about its potential launch in the coming year. With increasing demand for hybrid vehicles in Pakistan, the arrival of the Sportage Hybrid could mark a new era for KIA’s SUV lineup, catering to customers seeking performance, efficiency, and sustainability.
