Startup Pakistan’s Post

Good morning 🌞 Here is your daily dose of updates & stories in the automotive industry. Maruti Suzuki hit with INR 2,159 cr Income Tax Draft Assessment Order -Verna becomes the first India-made Hyundai car to secure Global NCAP 5-star rating -BYD inches closer to global EV dominance as Tesla sales dip -Raju B Ketkale from TKM joins Lumax Group as ED Manufacturing & Corporate Planning Read all this and more👇 https://lnkd.in/dFYtCUw #newsletter #ETAuto

Good morning 🌞 Here is your daily dose of updates & stories in the automotive industry. -Hinduja Group Chairman passes away at 87 -E-scooters may get pricier on proposed subsidy cut -Pricol moves CCI over Minda plan to buy 24.5% stake -Tesla restarts India market talks with new factory proposal Read all this and more👇 https://lnkd.in/dFYtCUw #etauto #newsletter

This prediction could turn true in the coming years but these global giants are not about to give up easily.Technology and customers can be a transformative force that will give global giants an edge in the coming years. India is a cost effective automotive and ancillary manufacturing hub that will provide these low market share players who have high market shares abroad with a rational to stay on as they are more focussed on what India can do for them globally.

Get Free Request Sample Report @ https://lnkd.in/dHA4SG8A A vehicle type that belongs to the group of commercial vehicles is the light commercial vehicle (LCV). LCVs are made to deliver goods or provide services on a smaller scale than heavy-duty trucks or buses. They are often more portable and have lower weight capacities, making them ideal for urban and suburban settings. Businesses and organisations frequently employ LCVs for tasks like delivering goods, moving equipment, and offering a range of services. Competitive Players Ashok Leyland Ford Motor Company GAZ international LCC General Motors

Toyota Indus, the second-largest automaker in Pakistan, has revealed plans to shut down its facility there. Due to inflation and a tax increase, the plant has been shut down. Toyota Indus Motors has reportedly announced a plant closure from August 25 to September 6. According to the company's statement, the country's high taxes had an impact on purchasing power and contributed to the challenges the car sector encountered during the fiscal year 2022–2023. The documents state that the automobiles are pricey and there is little demand, prompting businesses like Toyota Pakistan to reconsider their production methods. The production schedule for Indus Motor Company Limited will be suspended from Friday, August 25, 2023, until Wednesday, September 6, 2023. #Toyota #ToyotaNews #toyotaupdates #toyotashutdown #toyotaplantclosure #ToyotaPakistan #toyotaimpact

The company that makes Toyota and Daihatsu cars in Pakistan, called Indus Motor Company Ltd , has told its investors that it will shuts down production plant for a short time. They say they don't have enough cars to sell and they're running out of parts needed to make more cars. This is because there are problems with getting parts from other places. They will stop making cars from March 6 to March 11, 2024. This decision follows the rules set by the government and the stock exchange to make sure investors know what's happening with the company. #company #cars #government #Indus #Motor #Toyota