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Pakistan Automobile Industry Analysis 2020

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In 2020, growth of almost every industry was effected as the consumption of goods was very less as compared to its production. Similarly, automotive industry also faced similar situation and went through constant decline as according to research there was not a single car sold in Pakistan in the month of September and the industry was completely dead. People were even struggling to fulfil their basic needs so in this situation no one will prefer to buy a car. Automotive industry news in the new concern of people due to fluctuation in the prices. There was an adverse effect to automotive industry as sales had dropped drastically and profit margin for companies was reduced. 2020 was a tough year for vendors as they faced heavy losses and made a very little profit. Original equipment manufacturers helped them in this moment of crisis as they helped   them by paying direct cash to them. This provided them some ease in business and they maintained their position in market. Indus motors...

Latest Automotive News in Pakistan

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There are many resources to follow latest automotive news but a very few of them are really authentic. In this article we will enlighten you with a website which gives us latest and authentic news about automotive industry. Blog automoteve is an one of the best website which provides you about the latest news and has many more features. There are plenty of facilities that are provided by them as they are working really hard to satisfy there customers. We will explain you some of their specialties. They are having a blog which provides users latest automotive news and it is in a uniform manner. There are various categories on which they provide authentic information. 1) Auto Events: You can find all the latest automotive news of the events which are going to take place in near future. They will provide you with all the details regarding to event such as date,time,location etc. In Pakistan, they even organise such events and people are really getting benefits. 2)Cars in Pakistan: Curren...

Impact of COVID-19 on Automotive Industry in Pakistan

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COVID-19 Affecting Global: The novel Corona virus known as COVID-19 is severely affecting global economy and financial economy. We can see a rise in unemployment, transportation activities disrupted and businesses are temporarily shutting down. People are bound to live in their house. Unfortunately, the outbreak of this disease has also effected automotive industry in various ways. Effect of COVID-19 on Automotive Industry in Pakistan: If we talk about Pakistan, even before this deadly virus our automotive industry was not booming as our currency was fluctuating and there was a constant rise in Dollar against Rupee. The excess burden of tax further diminished boom of this industry. Automotive parts became expensive, sales declined further due to heavy price hike of cars in Pakistan. It became almost impossible for a middle class person to purchase a new car. Corona Virus pandemic further worked as an ice on cake. People were unable to work due to lock down. Many companies in Pakistan s...

How Tesla Defined a New Era for the Global Auto Industry

Tesla roadster   fast   upward push  to  turn out to be  the world’s  maximum   treasured  carmaker  may want to  mark the  begin  of  a brand new   technology  for  the worldwide   car  industry,  described   via way of means of  a Silicon Valley  method  to  software program   this is  overtaking old- college   production  know-how. Tesla’s ascent took many  buyers   via way of means of  surprise. But executives at Daimler AG, the  discern   business enterprise  of Mercedes-Benz , had a close-up view  beginning  in 2009  of ways  Tesla and its  leader  executive, Elon Musk,  have been  taking  a brand new   method  to  constructing   automobiles  that challenged the  hooked up  system. Daimler, which bears the  call  of ...