China’s roaring auto industry has roared past Japan, claiming the title of the world’s biggest vehicle exporter in 2023. This historic shift marks a significant victory for China’s electric vehicle (EV) focus while leaving Japan’s traditional hybrid approach in the dust. Key Takeaways: China’s electric surge is fueled by heavy government support and a booming […]
The Indus Motor Company (IMC), assembler of Toyota vehicles in Pakistan, takes a bold step to counter increasing fuel prices in the country by planning to launch Corolla Cross Hybrid vehicles by end of December or start of January next year. This launch is considered to be a strategic move by the company to bounce […]
The assembler of Toyota vehicles in Pakistan, Indus Motor Company (IMC), announced a 39% decline in net profit for the current financial year that ended on June 30, 2023. The company believes diminishing demand of four-wheelers, rupee devaluation and skyrocketing cost of car financing are responsible for the decline in profit. The company’s profit after […]
Pakistan’s two leading car assemblers, Toyota and Suzuki, plan partial plant shutdowns next month due to the unavailability of raw material amid import restrictions and exchange rate volatility, officials at both companies said on Wednesday. The government in recent weeks has attempted to curb imports in the face of fast depleting foreign reserves, a declining […]
