Home Blog Page 60

2019 MENA Vehicle Aftersales Congress to be held in Dubai from Mar 27-28

Muhammed Hanif Memon
-
0
2019 MENA Vehicle Aftersales Congress to be held in Dubai from Mar 27-28

Demand for cars in the Middle East is rising year by year, as well as the number of auto in the region is expected to reach 44.5 million by 2020, that makes the MENA a worth eye-catching market for automobile aftermarket business. In this context, the largest automobile aftermarket summit in Middle East region organised by Borscon Group — 2019 MENA Vehicle Aftersales Congress is to be held on 27th-28th March, in Dubai, gathering more than 280 decision-makers and stakeholders and providing participants with abreast of the times industry knowledge on market conditions and innovation.

The summit features two days sessions. Insight keynote Session on Day 1, the topic of the General Conference is “Market Overview and Policy Environment for the aftersales stakeholders”. Three Parallel Forums are to focus on IAM Special, OES Channel and Commercial Vehicle Aftermarket separately on Day 2. Concurrent activities during the summit include Panel discussion, Coffee Breaks and Networking, Lunch Breaks and Networking etc.

Why You Must Attend?
Largest C-Level Aftermarket Summit in Middle-east Region
280+ Global Decision-Makers
120+ Aftermarket Dealers/Distributors/Garages Concepts Delegates
28+ International Speakers
30+ Media exposures
15+ Global leading aftermarket solutions brands

Aftersales Stake Holders to Attend
OEMs, Parts Suppliers, Parts Distributors, Auto Garage Concept, Remanufacturers, Dealers, Vehicle Insurers, Used Car Dealers, Auto Finance Companies, IT Solution Companies, Lubricant Companies, E-commerce Platforms, Fleet Companies, Refinish Coating Companies, Assistance Companies, Associations, Other Related Industry Sectors, Government Authorities, Policy Makers and Regulatory Authorities, Research and Academic Institutions, Industry Trade Associations etc.

Companies and Brands to Invite

 

 

 

 

 

 

 

The TOP 20 first-Registered delegates could enjoy a 20%-OFF early-bird discount.

Hyundai Nishat Motor selects IFS applications for nationwide rollout in Pakistan

Muhammed Hanif Memon
-
0
Hyundai Nishat Motor selects IFS applications for nationwide rollout in Pakistan

Hyundai Nishat Motor (Pvt) Ltd., looks to IFS to enhance efficiencies and operational excellence across its entire distribution value chain, including franchises and third-party dealers.

IFS, the global enterprise applications company, announces that Hyundai Nishat Motor (Private) Limited will deploy IFS Applications™ 10 featuring robust, best-practice capabilities tailored for the automotive sector.

To empower staff and support the company’s long-term vision of becoming the most valued automobile brand in Pakistan, Hyundai Nishat Motors needed to implement a modern and comprehensive business platform.

The company selected IFS Applications based on the solution’s powerful capabilities for dealer management, including sales, service, spares and CRM, all tightly integrated with manufacturing, supply chain and finance.

The IFS industry solution will also help Hyundai Nishat Motors maintain optimum stock levels, keep records of past services and repairs, notify end-customers of future services, schedule and allocate workshop resources, and extract commercial insights related to prospects, sales staff, regions, models, and customer preferences.

“We are delighted to work with an organization like IFS, which has a successful track record in supporting companies in the highly specialized automotive sector,” said Hassan Mansha, Chief Executive Officer, Hyundai Nishat Motors (Private) Limited.

The implementation of IFS Applications across Hyundai Nishat Motors’ own outlets and franchise dealers will be carried out with the help of IFS channel partner Millat.

Mr. S M Irafn Aqueel, CEO of Millat Tractors (Private) Limited, added, “This is the fourth sale/implementation of IFS in Pakistan in less than a year by the Millat IFS Business team, which is an achievement we are proud of. By combining the functional and technological capabilities of IFS Applications 10 with the service delivery potential of our team, we are sure to fulfil the customer’s stringent business and operational requirements.”

Shiraz Lye, IFS Managing Director and Vice President for Sales, South Asia, added, “There is a reason why our solution has been implemented across 14 different automotive distributors in the region. It offers complete lifecycle support and powerful scalability to suit the rapidly growing vendors in this dynamic region. We are proud to support Hyundai Nishat Motor (Private) Limited plans to expand its market share and we are convinced IFS Applications is the ideal solution to help the company achieve its goals.”

About Hyundai Nishat Motor (Private) Limited
Hyundai Nishat Motor (Private) Limited (Hyundai Nishat), a Nishat Group company, is a joint venture among three leading international businesses; Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Ltd. Hyundai Motor Company (Korea) has partnered with Hyundai Nishat for the manufacturing, marketing and distribution of Hyundai’s product line in Pakistan in passenge and light commerical category. Since our inception in 2017, the Company is rapidly establishing its distribution network across the country through partner franchisees. Our manufacturing plant, being set up in the largest industrial estate of Pakistan which avows world class precision with the deployment of the most advanced production techniques

About IFS
IFS™ develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,500 employees supports more than 10,000 customers worldwide from a network of local offices and through our growing ecosystem of partners.

Courtesy: https://www.ifsworld.com

Ghandhara Industries becomes Forbes Asia “Best Under A Billion” Company for the second consecutive year

Muhammed Hanif Memon
-
0
Ghandhara Industries becomes Forbes Asia “Best Under A Billion” Company for the second consecutive year

Forbes has released their latest annual “Asia’s Best Under a Billion” list and the event was sponsored by Melco Resorts & Entertainment (Nasdaq: MLCO) in Tokyo last night.

Ghandhara Industries from Pakistan is honored to be selected as one of Forbes Asia “Best Under A Billion” companies for 2018. The company is known for manufacturing pickups, trucks and buses. The company qualified for the award from a pool of 24,000 because of the remarkable performance in 2018. This is the second time that Ghandhara Industries consecutively made into the Forbes Asia “Best Under A Billion” company.

CEO, Mr. Ahmed Kuli Khan Khatak, and Deputy Chief Executive, Mr.Muhammad Kuli Khan Khatak, received the award at Forum and Awards Dinner in Tokyo, Japan.

The event announced and celebrated an annual list of high-performing and entrepreneurial publicly-listed companies in the Asia Pacific region.

The Forbes Asia Best Under A Billion List features 200 exceptional small and medium-sized companies from all around the Asia that has an annual revenue between $5 million and $1 billion, positive net income and are publicly traded for at least a year. From a universe of 24,000 companies, the awardees were selected on the basis of sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.

The program of the awards dinner featured welcome remarks by Mr. Lawrence Ho, Chairman and CEO, Melco Resorts & Entertainment and Melco International Development after introductions by Makoto Takano, CEO & Editor-in-Chief of Forbes Japan and Christopher Forbes, Vice Chairman of Forbes Media.

Weather brings Pak-China bus service to a halt

Muhammed Hanif Memon
-
0
Weather brings Pak-China bus service to a halt

Pak-China bus service has temporarily halted its operation between the two countries due to weather condition unfavourable for travelling in Gilgit-Baltistan. “The bus will not operate between Lahore and Kashgar next week,” said Muhammad Anwar, the CEO of the North-South Transport Service the operator. It was all snowy and landsliding in Gilgit areas till Khunjrab Pass and travelling was impossible in these circumstances, he said, adding the service will resume on turning the weather normal. He said passengers were already informed about the situation.

The historic bus service had started its first operation on November 5 and it successfully completed its several journeys between the two destinations during last two weeks. The bus runs from Lahore to Kashgar four times a week — Saturdays, Sundays, Mondays and Tuesdays. It brings passengers from the Chinese city to the provincial capital on Tuesdays, Wednesdays and Thursdays. A one-way ticket for the bus service costs Rs13,000 and a return ticket is at Rs23,000. A passenger is allowed baggage up to 20 kilograms. Apart from the bus ticket, the passengers have to carry valid visa and. The bus takes 30 hours to complete the distance between the two cities. Passengers are served food and tea on different designated places.

Ghandhara Nissan Launches Renault trucks in Pakistan

Muhammed Hanif Memon
-
0
Ghandhara Nissan Launches Renault trucks in Pakistan

• Renault Trucks introduces new C, K and D ranges
• French brand working with GNL has launched its full range of trucks

Renault Trucks, in partnership with Ghandhara Nissan Ltd (GNL) introduces the full range of Renault Trucks to the Pakistan market.

Renault Trucks and GNL signed co-operation agreement in early 2018 to represent Renault Trucks in Pakistan. GNL will be responsible for the import, distribution and after-sales service of the three new ranges, as well as the CKD assembly at its manufacturing site situated at Port Qasim, Karachi by the end of 2019; which demonstrates the company’s significant commitment to the country. Currently all the vehicles are being imported in Built-up condition from Lyon, France.

The new Renault Trucks range was unveiled to over 500 guests, including — corporate & individual customers, bankers, vendors, government officials, media persons and representatives from Renault Trucks.

Speaking at the launch, Olivier De Saint Meleuc, Senior Vice President of Renault Trucks International, said: “I am personally proud to witness this milestone for Renault Trucks in Pakistan with our partner GNL. Pakistan is an important market for Renault Trucks. Pakistan is rapidly developing with many large infrastructure projects specially under the China Pakistan Economic Corridor (CPEC); that require robust & reliable trucks to cater demanding operations. Renault Trucks offer fuel efficiency, engine performance and safety along with lower maintenance and operational costs, ultimately providing profitability to the customers. With our new range launched in 2013, we have deployed „significant resources to ensure these vehicles deliver maximum reliability. Each range has undergone rigorou-s-quaiity trials-and has been _exhaustively field-tested under actual operating conditions to meet the demands for reliability and robustness expected by our customers in Pakistan”.
Mr. Ahmed Kuli Khan Khattak, Chief Executive Officer of GNL thanked the management of Renault Trucks and esteemed guests. He further said,”

Whenever GNL has introduced any commercial vehicle to Pakistan, it is being well accepted in the market. By the blessings of Almighty Allah, GNL is taking yet another lead by bringing European Trucks. Subsequent CKD Operation of Renault Trucks from end 2019 will create new job opportunities and offer the highest standard transport solution for the benefit of customers. ”

Speaking at the event, Mr. Muazzam Pervaiz Khan, Sr. Executive Director Marketing & Sales of GNL highlighted over 50 years of relationship between customers and Ghandhara Group which is one of the major factors in company’s long-term success. He further said that with this huge opportunity available in the market for Robust, Fuel-Efficient & reliable trucks, introducing Renault Trucks was need of the hour. The demanding specs in terms of safety by all the major oil marketing companies can be 100% complied by Renault Trucks.

While company representative talking with Automark on sideline of the event says this is an official event of the launching the vehicles, while company already sold some remarkable units of the Renault truck to many customers. These France made vehicles are expensive but they have very special features and quality which are unique in Pakistan. It’s a onetime investments for the purchaser of this vehicle.

Chinese carmaker FAW to launch new Hongqi SUV model in 2019

Muhammed Hanif Memon
-
0
Chinese carmaker FAW to launch new Hongqi SUV model in 2019

CHANGCHUN – Chinese automaker FAW Group is set to launch a new Hongqi SUV model to target private buyers, the group said at this year’s World Internet Conference (WIC) that closed Friday.

The luxury SUV model Hongqi HS7 is scheduled to hit the market in 2019. Meanwhile, the company’s first Hongqi electric SUV, unveiled at the Beijing International Automotive Exhibition this year, is also scheduled to hit the market in 2019. Both the SUV and electric car models are being launched to explore the private car market.

Earlier this month, the company unveiled a partnership with Baidu to develop a near-full autonomous vehicle in 2019 and achieve mass production by the end of 2020. The company’s first fully autonomous Apolong minibuses, rolled out earlier this year, are now running in over 10 locations.

Hongqi has set sales targets of 100,000 cars in 2020, 300,000 in 2025 and 500,000 in 2035, said FAW Group Chairman Xu Liuping. It will introduce 17 car models, including electric and SUV models, by 2025.

The first Hongqi, or Red Flag, car was made in 1958. Hongqi is one of China’s iconic sedan brands and has been used as the vehicle for parades at national celebrations.
Established in 1953 in the northeastern Chinese city of Changchun, FAW was the first automaker in China.

KA Hanteng Motor Company gets Greenfield status under auto policy 2016-21

Muhammed Hanif Memon
-
0
KA Hanteng Motor Company gets Greenfield status under auto policy 2016-21

Under automotive development policy 2016-21, the Government of Pakistan has awarded category-A Greenfield Investment status to KA Hanteng Motor Company Pvt. Ltd. to set up an assembly plant and start manufacturing commercial vehicles. The automaker is anticipated to bring an investment of about $50 million for the local auto sector. M/s KA Hanteng Motor Company (Pvt) Ltd., has collaborated with a famous Chinese car maker M/s. Hanteng Automobile Co. Ltd., to initiate manufacturing passenger cars & SUVs. The agreement between both companies was signed in May 2018 in Shangrao, China and it also includes technology transfer, manufacturing of electric and hybrid vehicles.

Automark has verified this news from the company representative and the joint venture is all set to establish an assembly plant at M3 Industrial Zone in Faisalabad with a capacity to build 15000 units annually. The local compay from the sports industry of Sialkot. The company has also revealed its plan to introduce Hybrid Cars & SUVs in near future.
The agreement is subjected to the following conditions:

• M/s KA Hanteng Motor Company (Pvt) Ltd shall strictly adhere to the conditions mentioned in Notifications No. 2(9)/2013-LED-II dated 2nd June 2016.
• EDB will issue manufacturing certificate and list of importable components after it verifies that the assembly/manufacturing facilities developed by the company are sufficient enough to produce quality and roadworthy vehicles.

This agreement shows increasing trust of Chinese private companies in Pakistani auto sector, economy, and investment opportunities. The joint venture will further strengthen the relationship between two countries through industrial cooperation and economic growth which is a step ahead in the CPEC project.

by Aqsa Mirza

Honda Inaugurates New Motorcycle Factory in Bangladesh

Muhammed Hanif Memon
-
0
Honda Inaugurates New Motorcycle Factory in Bangladesh

DHAKA, Bangladesh, November 11, 2018 – Bangladesh Honda Private Limited (BHL), Honda’s motorcycle business joint venture in Bangladesh, today held the grand opening of a new motorcycle factory on its own property in the Abdul Monem Economic Zone, Char Boushia, Gazaria, Munshiganj Disrict, Dhaka Division in Bangladesh.

The ceremony was graced by representatives of the Bangladesh government, namely Mr. Amir Hossain Amu, Member of Parliament and Minister of Industries; Mr. Saber Hossain Chowdhury, Member of Parliament and Ex Chairman of Inter-Parliament Union (IPU); Mr. Mrinal Kanti Das, Member of Parliament for Munshiganj-3; Mr. Md. Mosharraf Hossain Bhuiyan, Senior Secretary of Internal Resources Division and Chairman of National Board of Revenue (NBR); Mr. Paban Chowdhury, Executive Chairman of Bangladesh Economic Zones Authority (BEZA); Mr. Muhammad Abdullah, Secretary of Ministry of Youth and Sports; as well as His Excellency Hiroyasu Izumi, Ambassador Extraordinary and Plenipotentiary of Japan to Bangladesh. Representatives from Honda were Mr. Yoshi Yamane, Senior Managing Director and Chief Officer for Production Operations of Honda Motor Co., Ltd.; Mr. Noriaki Abe, Operating Officer and Chief Officer for Motorcycle Operations of Honda Motor Co., Ltd.; Mr. Masayuki Igarashi, Operating Officer and Chief Officer for Asia & Oceania Regional Operations of Honda Motor Co., Ltd., and President & CEO of Asian Honda Motor Co., Ltd.; and Mr. Yuichiro Ishii, Managing Director and CEO of BHL.

Taking a customer-oriented approach, Honda is expanding its business in Bangladesh to deliver products that meet customers’ needs for the growing market. As one of its core responsibilities, BHL is leading the development of the country’s motorcycle industry and contributing to the industrialization of Bangladesh. The company has relocated its factory, which is being officially inaugurated today, from Gazipur to the new location in the Abdul Monem Economic Zone.

Honda, along with its partner Bangladesh Steel and Engineering Corporation (BSEC), has invested a total of 2.3 billion Bangladeshi Taka on buildings, equipment, facilities, and a land area of 25 acres for the new factory in Munshiganj District, Dhaka Division. The factory itself, which currently occupies one-third of the property, took a year to complete following the groundbreaking ceremony held on November 5, 2017. It will have an initial annual production capacity of 100,000 units of motorcycles. In line with market trends, BHL plans to continue to invest in expanding its production capacity to 200,000 units by 2021, and will build its full-phase factory on the remaining two-thirds of the property to accommodate future market growth.

The motorcycle industry in Bangladesh is undergoing rapid growth with strong government support, including promoting a localization policy and reducing supplemental duty in December 2016. This enables BHL to enhance the localization of component parts, which will increase cost effectiveness for the models of motorcycles produced at the new factory. For example, the new factory is introducing welding and painting sections for localization with technical support from Honda Motor in Japan. Initially, BHL will localize the body frame and swing arm and then gradually expand localization to other parts assembled at the new factory in the future.

The new factory opens up more opportunities for employment and technology transfer to local associates. Currently, the company has 390 associates, and BHL plans to increase the number of associates in line with its business expansion. The company will also provide associates with training in the skills necessary to deliver the best-quality products that will bring joy and satisfaction to Honda customers.

Mr. Yoshi Yamane, Senior Managing Director and Chief Officer for Production Operations of Honda Motor Co., Ltd., said, “Honda’s 2030 Vision states ‘Serve people worldwide with the joy of expanding their life’s potential’ and ‘Lead the advancement of mobility and enable people everywhere in the world to improve their daily lives.’ The inauguration of the new factory demonstrates one of the most important initiatives to realize this 2030 Vision. Bangladesh Honda will aim to develop further by providing reliable, quality products from this new factory.”

Mr. Yuichiro Ishii, Managing Director and CEO of BHL, said “As the leading motorcycle manufacturer, and with the guidance and expertise of Honda Motor in Japan, we believe that the motorcycle industry will expand and contribute to the national economy by generating more employment, developing a skilled workforce, transferring technology, encouraging the growth of a parts supplier industry, and attracting more direct foreign investment.”

Bangladesh Honda is committed to offering the highest-quality products at reasonable prices while contributing to society by providing people with the joy and freedom of mobility. Through these efforts, BHL will strive to be a company that society wants to exist in Bangladesh. Driven by strong passion, the company will take on new challenges to fulfill this mission.

About Bangladesh Honda Private Limited (BHL)
Established in Bangladesh
December 2012

Representative
Yuichiro Ishii, Managing Director and CEO

Location
Head office and factory: Abdul Monem Economic Zone, Char Baushia, Gajaria, Munsiganj, Bangladesh

Capital
3.6 Billion Bangladeshi Taka

Capitalization ratio
70% Honda Group (Honda Motor Co., Ltd. and Asian Honda Motor Co., Ltd.)
30% Bangladesh Steel and Engineering Corporation

Business
Import, production, and sales of motorcycles and parts

Employment
390 associates (as of November, 2018)

Sales models
7 models
(Models produced by BHL): Dream Neo 110, LIVO 110, CB Shine125, CB Trigger 150, CB Hornet 160R
(Imported models): Dio 110, CBR150R

Factory land area
25 acres (with future expansion area)

Factory size
14,000 square meters (first phase)

Production capacity
100,000 units/year (as of November 2018)

Start of production
October 2018

Source: Honda Global

German Volkswagen’s commercial vehicles will soon be manufactured/produced in Pakistan

Muhammed Hanif Memon
-
0
German Volkswagen’s commercial vehicles will soon be manufactured/produced in Pakistan

Pakistan Premier Motors Ltd (PML) signed the final legal agreement with the German auto giant – Volkswagen (VW) AG, the largest automotive group in the world. The agreement was signed on 7 November 2018 for manufacturing and assembling of commercial vehicles under the licensing contract of CKD Assembly in Karachi. The automotive industry is considering it a major breakthrough in the automotive sector of Pakistan. The Commercial Section, Berlin has been actively engaged with the VW and PML for the last two years and especially since signing of Letter of Intent ( LOI) on 22 June 2017.

Automark is the first source to break the news and it is hoping that the new entrant would be warmly welcomed in the country because the current local auto manufacturers are working at full capacity and still not keeping up with the demand and supply, with VW’s advent the demand and supply of the vehicle would undoubtedly increase in the country.

The news is very refreshing for the people of Pakistan because as new automakers come in the country, the more diverse the local industry would become and people can have a variety of vehicles to choose from.

Premier Systems (Pvt.) Ltd. gears towards bringing an even better experience to Pakistan to enable consumers in the country to enjoy a new level of performance and luxury. Hence, Audi was introduced in Pakistan and Premier Motors is the legal distributor of it. With the entrance of Audi in Pakistan, consumers now had access to sporty, sophisticated and progressive premium vehicles.

by Hanif Memon / Aqsa Mirza

Petition filed in IHC against ban stopping non-filers from purchasing new cars

Muhammed Hanif Memon
-
0

The Islamabad High Court (IHC) on Tuesday issued notices in a petition challenging a ban on buying of new vehicles by non-filers of income tax returns. A single bench of IHC comprising Justice Aamer Farooq heard the petition and directed the attorney general to assist the court in this matter on the next hearing.

Amir Awan, a citizen, filed a petition against section 227C to the Income Tax Ordinance, 2001 through Finance Act, 2018. The petition is filed through Babar Awan Advocate and it made Federation through finance secretary and ex-officio chairman Federal Board of Revenue (FBR), director general (DG) Vehicle Registration Wing, Excise and Taxation and commissioner FBR as respondents.

The petitioner, an authorized dealer of Indus Motor Company Limited adopted that amendment introduced in section 227(c) of Finance Act 2018, offends and blatantly violates the provisions of (A) (B) (C) to Article 18 of the Constitution of Pakistan 1973 which guarantees fundamental freedom of business and trade.

He said that section 227-C is also discriminatory in nature. It is only in relation to motor vehicles and immovable property above Rs 5 million that impediments have been introduced transaction with or by non-filers.

Babar Awan submitted that the move to bar non-foilers from purchasing vehicles was illegal and unconstitutional. He added that if someone is purchasing a used Mercedes there is no bar on him/her.

He further argued that the Parliament cannot legislate any law against the wishes of the people. The Parliament is required to make laws for the welfare of the people.

The petitioner said, “This is a clear violation of Article 25 of the Constitution of Islamic Republic of Pakistan, 1973 as there is no reasonable justification based upon any objective criteria or intelligible differentia so as to introduce such a hindrance only on immovable properties and motor vehicles.”

The court had adjourned the hearing for two weeks and issued notices to the secretary of finance, FBR chairman and DG for Motor Registration.

by Aqsa Mirza

1...596061...98Page 60 of 98
© Newspaper WordPress Theme by TagDiv