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Setting A New benchmark OLX and CARFIRST launched Pakistan’s first live auction platform for used cars in Pakistan

Karachi, 12th AUGUST 2018: OLX – the No.1 App in auto classifieds and CarFirst, a leading used-car trading platform, launched Pakistan’s first ever ‘Used Car Live Auction Platform’ at Expo Center Karachi on the 12th of August 2018.

Attendees were able to trade their used cars in the most secure, convenient, and transparent manner. Car owners were able to sell their used cars hassle-free, while car buyers got access to CarFirst Partner Dealer inventory to drive home a Certified Used Car. Car owners could also pre-book free inspections and appointments to sell their car at www.carfirst.com.

Joining CarFirst’s commitment to better the used car trading, OLX and CarFirst had PSO as their title sponsor, as well as other partners such as UBL Insurers Limited, Adamjee Insurance, and Suzuki Margalla Motors. The OLX CarFirst Car Bazaar provided amazing financing and insurance deals, fun outdoor activities, food stalls, and special giveaways for families, while car sellers also qualified for a chance to win CarFirst certified Daihatsu Mira.

Raja Murad Khan, CEO, and Co-Founder of CarFirst said, “We are extremely grateful and overwhelmed with how well Karachi responded to the first OLX CarFirst Car Bazaar. We have already received a number of queries about bringing the OLX Car Bazaar to other cities from buyers, sellers, dealers and potential sponsors.We would like to thank our current sponsors for joining our commitment to better used car trading in Pakistan. We are confident that our latest innovation ‘Used Cars Live Auction’, will add immense value to the car trading process.”, said Raja Murad Khan, CEO and Co-Founder of CarFirst.” He also added “I would especially like to thank my team who have worked tirelessly for weeks on end to bring to you our Car Bazaar and the first used car live auction to Pakistan.”

Bilal Bajwa, CEO of OLX Pakistan said, “OLX and CarFirst are revolutionizing the way people buy and sell cars in Pakistan whether it is online or offline. A few months ago OLX announced a major investment in CarFirst and we are proud to bring you Car Bazaar! Car Bazaar was a fantastic fun-filled event for anyone interested in buying/selling cars. There was a live auction for sellers interested in getting the best price for their car – this was the first time a live auction of such nature took place in Pakistan. For buyer, there were many certified cars on display for purchase. In addition, people availed amazing financing and insurance deals at the event.”

CarFirst is a first of its kind used-car online auction and trading platform, with a nationwide network of purchase centers and warehouses. CarFirst was founded in 2016 and has been the recipient of the largest Series ‘A’ investment in Pakistan from FCG, and the largest Series ‘B’ investment from OLX Group. CarFirst aims to revolutionize the way cars are traded in Pakistan by offering comprehensive solutions for all things related to cars, such as evaluation, certification, financing, insurance, live auctions, and many more. We aim to keep adding value across the customer’s journey, improving efficiency and transparency at every milestone of the car trading process.

OLX is the world’s largest online buying and selling platform powered by a team of 5,000 people, working on 17 brands, from 35 offices across five continents and 40 countries. In Pakistan, OLX is the No.1 Marketplace across 14 different categories. OLX gets more than 150,000 car listings every month/5000 in a day; which is 10 times bigger than any other player operating in Pakistan making it undisputed market leader. OLX generates more than 20 Million page views in a day having 5 million App downloads. Over 50,000 conversations take place daily on OLX with an ad being posted every 2 seconds a research study by Nielsen stamps this fact by indicating 87% awareness and preference level of OLX in comparison with any other tech company operating in classifieds and shopping category of Pakistan. According to SimilarWeb, OLX is Pakistan’s No.1 web platform (local domain/Engagement/Traffic). – PR

Indus Motor to launch Toyota Rush 1.5L SUV in Pakistan

Indus Motor Company (IMC) is going to launch the Toyota Rush in Pakistan on end of August-2018. The expected price is 3.5 to 4 million but it is not confirmed yet by any sources.

It is a 1500CC mini-SUV, that the company previously released as the Daihatsu Terios in 2010 but later discontinued it. The car will might be for Honda BRV competition or Suzuki Vitara.

According to our sources, Indus Motors already started training in marketing and sales staff at the dealership across the country while few units of imported in CBU condition are already reached in Pakistan and displayed at one dealership in Lahore on Saturday evening.

Toyota Rush comes in two variants 1.5 E and 1.5 G, 5 and 7-seater respectively. 1.5 G variant offers roof rails and features like push start button, tilt-adjusted steering, and a reverse parking mirror.

Toyota Rush was first introduced to the Japanese domestic market in 1997 after which it earned good repute in several developing marketing in Asia, Africa, South America and Eastern Europe. The car is known by different names in different countries like Daihatsu Bego, Grand or the Perodua Nautica. Toyota IMC has now decided to first sell imported units in the country.

7-seater Toyota Rush’s 2018 model offered different features like upswept LED headlamps, Fortuner like styling, comfortable yet compact look. Right now it is not known which trim options will be available for Pakistani consumers but the car is targeting the urban young people.

by Aqsa Mirza

Supreme Court clarified it has not issued any order regarding tax reduction on locally-assembled vehicles

The Supreme Court of Pakistan has finally issued a statement regarding the fake order being circulated on the social media about the Price Hike Case against the automobile industry in Pakistan. Automark confirmed from Public Relation Officer SC.

As per the clarification letter, Supreme Court said it has not issued any order or judgment containing number Crl.O.P. NO.2158 of 2018 regarding lowering tax rates on locally-assembled vehicles. Neither did, the SC asked Finance minister and FBR to reduce taxes from 33% to 25%.
Therefore, yesterday the news published in one of the leading newspaper that the SC directed the Ministry of Finance and the Federal Board of Revenue (FBR) to reduce taxes imposed on locally-assembled vehicles is false and fake.

It is therefore clarified that the news is totally false and baseless as the SC has not passed such notice. The Supreme Court also has taken serious notice against those who are spreading fake and false stories.

On earlier, according to our sources and auto industry, there is no such statement and order issued by the Supreme Court as the document is only being circulated on the social media and it is fake. One leading newspaper has also published a news about this notification that the SC directed the Ministry of Finance and the Federal Board of Revenue (FBR) to reduce taxes imposed on locally-assembled vehicles from 33% to 25%. Automark reached out to the industry representatives but they were are also not aware of the situation and about this notification.

by Aqsa Mirza

Stakeholders, ACLC gear up efforts to improve bike security

The Anti Car Lifting Cell SSP Mr Asad Raza held a meeting with all local bike assemblers including Japanese and Chinese on July 23, 2018 at ACLC Head Quarter Karachi.
The meeting was called to find ways and means to improve motorcycles security features.
For the last two months the bike snatching and theft have increased manifolds.
According to ACLC, around 50 bikes are lifted or snatched daily in Karachi while market sources said that these those bikes whose FIRs have been registered in the Police stations while actual figure is more than 50 units per day.


The security system of costly bikes such Honda CB150F, all models of YBR 125cc Yamaha and Suzuki GR150cc and GD110S is effective because switch and handle lock are integrated with each other in the handle. This is much safer than manual handle lock.
In the main stand of these costly models the companies have put a hook and hole so that bike owners can hook the bike with chain.
Chairman Association of Pakistan Motorcycle Assemblers (APMA), Mohammad Sabir Sheikh informed the meeting that there is no need for any security system or tracker as it is not feasible in 70cc bikes which hold 80 per cent market share especially in Karachi.
A Japanese bike representative said it is impossible for the company to change the design without permission of Japan based Head Quarter. Design changing will need at least four to five years because Japanese companies make products for many countries and they cannot take decision for one country, he added.
Some participants of the meeting, however, agreed to take up the matter with design engineers. Bike assemblers (Chinese and Japanese) did not agree on this point. Manufacturers said change in design is a big task on which the SSP ACLC also endorsed this point.
Sabir said there is a dire need to check the record of Excise and Taxation as the department had installed computerized system a decade back and prior to that the department was dependent on manual records. In Karachi, huge number of bikes is more than 20 years old. There is also no law for age restriction of two wheelers.
SSP ACLC was of the view that assemblers must fix some extra lock or hooks for fixing extra locks or some electrical devices at manufacturing stage, but majority of assemblers did not agree with the SSP ACLC because the main Japanese producers need to change the design of bikes which looks impractical.
It was decided that a new meeting would be held in future in which more assemblers, who could not attend, would be called upon besides ensuring participation of Excise and Taxation Department, Ministry of Transport Sindh and Home Department so that its legal complication could also be discussed.
Sabir said electric bikes can help resolve the all issues of bike security.
Karachi police’s Anti-Car Lifting Cell (ACLC) in March busted a gang of motorbike snatchers involving employees of Pakistan Air Force (PAF) and Pakistan Navy.
The ACLC has busted a gang of criminals involved in motorcycle snatching and theft cases in various areas of Karachi, especially Defence, Tipu Sultan and Shahrae Faisal
The official said 14 motorcycles were recovered from the possession of the arrested suspects — identified as Sohail Murtaza and Younas Jones. “Their accomplice Shahjehan, an official of Pakistan Navy, is still at large, ACLC said.
Sohail Murtaza is a civilian employee of PAF while Shahjehan is part of the administrative staff at a Navy complex.

The arrested suspects would evade security checks after committing crimes by showing their service cards to the police, SSP Raza maintained. They took stolen motorcycles to chop shops for selling parts in other areas, he added.
The ACLC in July claimed to have arrested two bike-lifters in Karachi who are said to be a part of gang comprising many of their family members, all involved in stealing motorcycles.
The ACLC personnel arrested two suspects Sabir Khokhar alias Kala and Mohammed Ashraf Khokhar, said Asad Raza, adding that their gang has stolen around 2,000 vehicles from the metropolis over the last few years.
This gang of bikes-lifters is known as Khokhar group. The arrested suspects belonged to Punjab and had settled in different parts of the metropolis. Initially, their elders were allegedly involved in this criminal activity and later on their children also became involved in it.
Abdul Ghafoor Khokhar and his cousins, all hailing from Jhelum District of Punjab, formed a criminal gang in Karachi 1990s and started committing vehicular theft, SSP Raza said.
Around 25 to 30 members of Khokhar group are involved in bike-lifting. During the last 10 years, this gang has stolen 1,500-2,000 motorbikes, which were subsequently sold in Balochistan via their links with criminal elements in Khuzdar.
These efforts are not enough at a time of rising number of bikes in the city per day. In a big city like Karachi with population of over 20 million — ACLC needs to engage more manpower to thwart the plans of organized and un-organized bike lifters and snatchers.
ACLC has been running print media campaign asking bike owners to install additional locks like tyre locks and hook below the handle for putting the lock.
Always park your bike in allotted parking areas and get authorized parking slip, the campaign says. In case parking is not available try to find parking where CCTV is installed. Avoid parking in deserted and low lights areas. It has been proved that those bikes are safer which have tracker and anti theft switch installed.
It has been observed that many people do not like to park their bikes in parking area to avoid Rs 20 per bike being charged by the local administration. For many Rs 20 holds a lot of importance when earnings are low.
They said an illegal practice is going on as most of the parking fee collectors do not give KMC parking slip.
People said that it is not clear as to where KMC utilizes this parking fee and how much amount is collected on daily basis in Karachi.
Bike owners said sometimes they pay multiple parking fees like one parking fee before purchasing any ready made garments and again pay the fresh fee after a gap of few hours or the next day in case of any alteration in the ready made garments.
They said there should be some time relaxation period between the first parking fee and the second parking at same place to avoid multiple parking fees.
Due to rising number of bikes and limited parking spaces – the KMC has started charging parking in almost every markets and shopping malls where the volume of bikes is soaring. Now the KMC officials are also seen charging parking fees at hospitals which is an additional burden on consumers’ pocket. Again multiple fees are charged if the persons frequently visit their patients.
Sabir said time has come to encourage electric vehicles in the country. The PML-N government has already reduced customs duties on import of CBU electric cars to 25 per cent from 50 per cent while the rate of duty for CKDs is 10 per cent.
The SRO 644(I)/2018 dated May 24, 2018 under PCT Code 8703-8090 relating to duties on electric cars is confusing as the last government has mentioned the word “vehicles” which means all vehicles including two wheelers.
“This confusion now needs to be rectified by the new government or the interim government as number of investors is working on electric vehicle projects,” APMA chief said.
A new trend is coming into Pakistan where young girls and ladies are purchasing bikes to meet daily routine work, he said.
“Electric bikes are ideally suited for the ladies and young girls as all over the world the sale of these bikes are rising,” he said.
In Pakistan conventional or petrol engine two wheelers are now considered as flop as Atlas Honda Limited has been working on only two models (CD70cc and CG-125cc) for decades and all Chinese assemblers have been producing replica models of these two bikes.
Yamaha and Suzuki have tried to bring change by introducing new models and engine technology but higher prices do not lure more buyers.
If the government immediately removes confusion over electric bike SRO relating to the word “vehicles” the bike market will see a big change within a year in terms of models and designs of electric bikes. Commercial vehicles and small cars will throng the markets.
Pakistan’s small car market has also failed in providing any variety to the consumers as locally assembled Suzuki Mehran 800cc rules the market with no competitor.
He said this trend also needs to be changed by replacing Mehran with small electric vehicles.
The imported used 660cc vehicles have changed the dynamics of car markets owing to its rising demand.
Two and four strokes rickshaws are already posing serious threat to the environment of big cities. Electric three wheelers will change the scenario by providing pollution free environment in big cities especially Karachi and Lahore.
With the introduction of small electric vehicles – the heavy vehicle industry may also shift towards electric commercial vehicles.

Published in Automark Magazine’s August-2018 printed edition.

Industry 4.0 and Predictive Maintenance

How a Local Company is Preparing Pakistani Auto Industry

Energy used for Compressed Air can account for up to 72% of the electricity used in the Auto industry. In order to keep costs in control and stay competitive, Compressed Air merits serious attention.

The new iConn service from CompAir provides compressed air users within-depth and real-time knowledge about their system, essential for accurate production planning, reliability and peace of mind. The iConn system generates and delivers insight and statistics that keeps compressed air managers informed of the performance of their installation, highlighting potential issues before they become a problem

Compressor performance has a key role to play in the overall cost efficiency and productivity of a process or plant. Industry figures estimate that many compressed air systems can waste up to 30% of the compressed air through leaks, poor control or maintenance. Add to this the fact that the older the machine the less energy efficient it is likely to be and it becomes clear that implementing a thorough maintenance programme can pay quick dividends.

Choosing the Correct Program

Typical maintenance cover can range from reactive or breakdown maintenance, where the compressor is left to run until any fault is identified and subsequently repaired, through to predictive maintenance, where sensor devices provide data to help predict when maintenance is required or when a part may be under stress and could fail.

An independent survey indicates that a comprehensive planned maintenance system, whereby maintenance is carried out at scheduled intervals, can result in a 70-75% elimination of breakdowns, a 35-34% reduction in downtime and a productivity increase of up to 25%.

Further improvements can be made with a predictive maintenance programme. By fitting a compressor with a range of sensor devices, which are connected to a remote monitoring system operated by the compressor OEM, the system can monitor the compressor around the clock and can use the data to predict when maintenance is required or when a part may be under stress and could fail.

In comparison to using reaction-based breakdown maintenance, organisations can easily reach savings of up to 30-40% through the use of predictive maintenance.

Next generation Connectivity Platform

iConn is a flexible platform enabling extended data analytics and pattern recognition algorithms leveraging CompAir‘s application know-how.

Maintenance Checklist

As well as choosing the right type of maintenance schedule to suit the operation, plant managers should also ensure that their service provider is incorporating the following checks into its maintenance routines.

Firstly, filter elements should be changed at least once a year to help reduce pressure drops, meaning that the compressor will consume less energy to supply the required air pressure. In addition, poorly filtered intake air can raise the compressor’s internal temperatures which will have the effect of increasing the overall power consumption.

In oil-lubricated machines it is also essential to carry out regular oil changes, with the appropriate grade of oil to ensure machine longevity and reliability.

Regular checks for air leaks should also be carried out. As air is non-hazardous, leaks in the pipework will not affect process safety and can often go undetected. However, any leak in the network means that energy is being wasted, sometimes by as much as 20% – put simply, the compressor has to work harder to produce the required air pressure at the point of use.

A simple leak detection survey can identify any problems quickly, with remedial action undertaken at little cost.

Size Matters

Determining the right size of compressor for an application is an important consideration; especially as the capital cost of buying it is just a small part of the overall equation. What matters most is what it will cost to run the compressor over its whole operational lifetime.

Operating at a higher pressure than is necessary or with a poorly designed, leaky system will use more energy than required and lead to higher running costs.

One of the simplest ways to achieve this is to carry out an air audit that will identify potential and current compressed air demands and assess energy usage.

Where there is an existing compressed air system the site can be monitored over a fixed period of time to gather quantifiable data via a data-logging unit attached on each compressor in the network.

The results enable real time data to be analysed to ensure the selection of the most energy-efficient compressors. This will include the size and mixture of fixed and variable-speed compressors. The audit may also determine if a multiple compressor installation requires better control via a dedicated management control system.

Replacement Parts – A Genuine Concern

Operators should carefully consider their spare parts supply. Choosing non-genuine or third party spares can have a negative impact on compressor efficiency and energy consumption.

Non-genuine spares and lubricants are generally a cheaper alternative to the manufacturer’s original parts and, when cost is an issue, can appear to be a sound investment.

However, as well as a shorter operational life and the associated issues of compressor downtime, the wrong spare part can in some cases, cause real damage to the compressor, ultimately meaning the machine can fail completely. This won’t just result in an expensive repair bill, but will affect productivity with unscheduled machine downtime.

Replacement Is Necessary

Any compressor, whether brand new or one that has been performing well for many years will, in the normal course of operation, require components to be periodically replaced. These can include items such as filters, valves, seals and oil.

Unless a genuine, like-for-like replacement part is used, there can be no guarantee that the original performance will be maintained. Non-genuine parts are not manufactured to the same specification as the manufacturers’ original. By virtue of the fact that they are engineered to cost less, they will typically incorporate inferior components that cannot offer the same levels of energy efficiency or performance reliability.

In contrast, genuine parts have been manufactured to meet the same standards as the compressor they are intended for. This means that they have passed the same stringent manufacturers’ testing regimes, in a quality-controlled environment, to offer the repeatable, dependable operation that plant manager’s need to keep production costs down..

For further information please visit: http://rastgar-co.com/iconn/

By: Imtiaz Rastgar, Chairman and CEO of Rastgar & Co., Published in Monthly #Automark magazine August-2018 printed edition.

Toyota to sell entire stake in Isuzu

Toyota will dissolve its capital tie-up with Isuzu by selling off its 5.89 percent stake in the latter; carmakers to continue collaborating on projects.
Toyota Motor Corporation will be selling its 5.89 percent in Isuzu Motors in the future, thus dissolving their capital tie-up. However, the two companies will continue their strong relationship through ongoing joint development projects related to basic technologies and will remain open to the possibility of future collaboration.
In November 2006, Isuzu and Toyota signed a basic agreement to utilise each other’s operational resources in the fields of development and production focusing on diesel engines, to provide mutual technical assistance and to create a framework capable of capitalising on the resulting synergistic effects, and to examine the feasibility of collaborative projects. At the same time, Toyota also agreed to obtain a stake in Isuzu.
However, with changes in the market environment prompting the companies to suspend some of the originally considered projects and little specific progress achieved in other collaborative efforts, Toyota and Isuzu have agreed to re-examine the capital relationship based on the current business situation.
As the automotive industry faces sweeping changes, Isuzu and Toyota intend to accelerate their efforts to improve competitiveness in the commercial and passenger vehicle markets, respectively.

Indus Motors launches Toyota Corolla XLi Automatic variant in Pakistan

Pakistani automaker Toyota Indus Company launches Toyota Corolla XLi with 4-speed automatic Transmission and Eco-meter. It will be the first XLi that is going to feature an automatic gearbox.

Other than the automatic transmission and ECO meter, the XLi A/T will come with the following features:

• Dual SRS Airbags
• LED Clearance Lamps
• Side-View Mirror with Turn Signals
• Immobilizer
According to our sources Indus Motors have import CKD of automatic transmission and install in their currently available model 178B of XLi version with minor changes.
It is expected now that they will launch this car with a price tag of over 2.5 million rupees, making it out of reach for many customers as Honda Aspire Automatic 1.5L variant has a lower price. With the new XLi, now Toyota is having all models available in manual and AT variant. It is worth noting that Toyota Indus has already an automatic variant for its Corolla GLi, a car with a minute difference compared to XLi.

CEO IMC Ali Asghar Jamali said “Corolla is the most loved automobile brand made in Pakistan and we are thankful to the overwhelming appreciation and response of our customers. Toyota has always strived to provide products that satisfy customers and compete in the market. After continuous demand requests and to capitalize on our 1.3L segment, IMC is pleased to announce the introduction of 1.3L XLi Automatic.”

Initially the variant will be available in two” colors i.e. White and Attitude Black and the Moreover, vehicle performance, safety features, braking system, interior, exterior, infotainment system will create a good driving experience for the customers.

The booking is already open from 6th August 2018 on first come first serve basis. We will be featuring the launch and will come up with full specifications of the car and its review, so stay tuned and do tell us your views about Toyota’s move in the comments section.

Earlier, there were rumors that Toyota IMC might discontinue the production of Corolla XLi and GLi. Recently, Honda has also announced that they are not planning to launch a 1200cc hatchback Honda Brio.

by Aqsa Mirza

Malaysian car Proton reaching high hope after stake sold to Chinese automotive Geely

History of Malaysian ‘Proton’

Proton‘ is the Malaysian based automobile manufacturer which holds a major share in the Malaysian automotive industry. Established in 1983, it was a symbol of national pride and a country moving towards industrialization.

In Britain, it sold 10,300 units in its first year, far above expectations. By 1998 and thereafter, Proton grabbed some 80% of the passenger car market.

However, Proton never picked up speed, having been overtaken by foreign competitors and subsequently and struggled over its future direction.

Proton was set up by the Government in 1983 and started building cars two years later in association with Mitsubishi of Japan, which took up a 30% equity interest.

The new millennium was a difficult one for Proton. The launch of GEN.2, which saw the first Proton model that featured the company’s proprietary Campro engine, did not meet expectations. By March 2004, Proton ended its long-time association with Japan’s Mitsubishi and was left to chart its own future.

Chinese Geely buys shares of ‘Proton’

In May 2017, Zhejiang Geely Holding Group and DRB-Hicom signed a deal according to which Zhejiang Geely Holding Group bought a 49.9% stake in Proton Cars. Under this deal, Geely Holding Group was committed to seeing a full revival of Proton Cars to being the number one Malaysian domestic brand and the leading brand in South East Asia.

On 3rd August, China’s Zhejiang Geely Holding Group signed an agreement to acquire a 49.9-percent stake in Malaysia’s carmaker Proton, 30 days after an initial deal was reached between Geely and DRB-Hicom, the Malaysian conglomerate that owns 100 percent of Proton.

The deal was valued at 460.3 million ringgit (108 million U.S. dollars), including a cash injection of 170.3 million ringgit into Proton by Geely, and a sports utility vehicle platform that is worth 290 million ringgit, DRB-Hicom Managing Director Syed Faisal Albar told a press conference following the signing ceremony.

‘Proton’ launched in Pakistan in 2006 but unsuccessfully left

Proton launched in Pakistan back in 2006 with a hope of development and expansion. Launching ceremony which was held on Friday 15th September 2006 was honored by the then Chief Minister of Sindh Mr. Arbab Ghulam Raheem. Four models were introduced namely the Impian 1.6, Gen-2 1.3 & 1.6, Wira 1.5 and Saga 1.3.
Most of the Proton vehicles were based on Mitsubishi’s technology as Proton had a technical collaboration agreement with the Japanese manufacturer. The vehicles entered in Pakistan being CNG equipped and were priced quite economically but sadly probably due to the lack of vision and finances of the local distributor in Pakistan Proton vehicle could not get the attention it deserved and thus was discontinued very soon. However, we can still see few Proton cars running on Pakistani roads.

The public stopped relying on this new venture due to some obvious reasons such as no after sale services and incompetent mechanical services provided by the local company representing Proton in Pakistan.

Undoubtedly, Pakistani automobile industry has a lot of potentials and it is rapidly growing but the consumer pattern is quite divergent here and which was the reason why Proton did not have a success story in Pakistan. Some customers would prefer resale, while others would go for the most unique car with best features. Some would prefer fuel economy, the other would want a gas guzzling V8s; just to flaunt it to the public. Therefore, it would be wrong to say that resale was the only reason to the Proton’s end.

Future Prospects

Looking at the number of used imported cars on the road, it seems that if Proton had improved on their after sales and quality of labor, they could have been a great company.

We are hopeful that Malaysian ‘Proton’ would come back soon in Pakistan enriched with innovative and modern features with the backing of Geely/Volvo Technology, Safety and reliability along with the complete backup support and reasonable priced vehicle.

By Aqsa Mirza / Hanif Memon

Motorcycle production up 15.44pc to over 2.650 million units

The production of motorcycles during the first eleven months of fiscal year (2017-18) increased by 15.44 percent as against the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.

As many as 2,650,233 motorcycle were manufactured during July-May (2017-18) against the output of 2,295,846 during July-May (2016-17), showing growth of 15.44 percent, the latest PBS production data revealed.
The production of cars and jeeps witnessed 20.10 percent increase during the period under review as 214,904 jeeps and cars were manufactured during July-May (2017-18) against the production of 178,944 units during July-May (2016-17).
The production of light commercial vehicles (LCVs) witnessed an increase of 18.54 percent in production during the period under review by growing from 22,927 units last year to 27,178 million during 2017-18.
The production of tractors also increased from 50,049 units last year to 67,371 units, showing growth of 34.61 percent while the production of trucks increased by 20.27 percent, from 7,104 units to 8,544 units.
However, the production of buses during the period under review witnessed negative growth of 31.54 percent by going down from the output of 1,043 units to 714 units.
Meanwhile, on year-on-year basis, the production of motorcycles increased by 14.57 percent by growing from the output of 231,295 units in May 2017 to 264,984 units in May 2018.
The production of tractors also witnessed upward growth of 19.56 percent by growing from 5,746 units in May 2017 to 6,870 units in May 2018.
The production of jeeps and cars increased by 0.74 percent as the country manufactured 18,227 jeeps and cars during May 2018 against the production of 18,094 units during May 2017, the PBS data revealed.