Auto
Pakistan Autos – Car sales fell by 22% MoM to 10.2K units in Nov 2024 amidst year end impact
ISLAMABAD: Based on PAMA numbers, Car sales in Pakistan clocked in at 10,163 units in Nov 2024, reflecting a 57% YoY rise but a 22% MoM…
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Auto
CCP Approves Merger of Millat Equipment Limited with Millat Tractors Limited
ISLAMABAD, November 28: The Competition Commission of Pakistan (CCP) has granted approval for the merger of M/s. Millat Equipment Limited (MEL) with M/s. Millat Tractors Limited…
Auto
Govt Plans Subsidy up to Rs 0.2M on electric wheelers
Staff Report: The government plans a subsidy of Rs 50000 for electric two wheelers and Rs 200000 for three wheelers.Policy rate has been reduced from 22…
Auto
Millat Tractors’ Sale Up 64% in FY24
Staff Report:Millat Tractors (MTL)’s sales rose 64% to 30,620 units, capturing a 66% market share in financial year 2024.MTL’s export sales grew by 66%, reaching 2,761…
Auto
Car Sales Surge 27% MoM in October 2024
Staff Report: Car sales in Pakistan saw a significant surge in October 2024, reaching 13,108 units, which represents a 27% month-on-month (MoM) growth and a remarkable…
Auto
Car Sales Likely to Rise by 30% in Oct 24
Staff Report:The provisional auto sales figures indicate that sales of four leading car assemblers are expected to increase by 30% month-on-month (MoM) to 12,347 units in…
Auto
Different Models of Electric vehicles unveiled in exhibition ceremony held at EDB
Islamabad: Govt to setup 10,000 EV charging stations by 2030: Rana Tanveer Hussain, Minister for Industries and Production on Wenesday unveiled the government plan to transform…
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Hub Power invests in lithium mining, battery manufacturing under SIFC
ISLAMABAD: Hub Power Company has invested in lithium mining and battery production with the support of the Special Investment Facilitation Council. In this context, Hub Power…
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First Consignment of Pakistani Tractors Reached Tanzania
ISLAMABAD: Under the guidance of Federal Minister for Commerce Jam Kamal Khan and Secretary Commerce, Mr. Jawad Paul, Pakistan High Commission in Kenya, Nairobi facilitated a…
Auto
Millat Tractors Earnings Drop 72% YoY, Missing Expectations
Staff Report:Millat Tractors Limited (MTL) reported a 1QFY25 profit of Rs570 million (EPS of Rs2.97), a decrease of 75% YoY and 72% QoQ, slightly below expectations.…
