CarWheels.com.pk

08/02/2023

22/01/2023

The Kia EV9 is nearing completion of testing, with an expected release date of H1 2023. According to recent spy shots, Kia is close to revealing the production prototype of its new electric SUV. A recent Motor1.com report, citing a comment from a Hyundai Motor Group meeting, attests to this foresight.

Kia promises a "total package" with its new full-size SUV. The EV9 has been subjected to extensive testing in terms of performance, vehicle dynamics, driving range, design, performance, comfort, high-speed driving, handling, and off-road capability.

20/01/2023

The Federal Tax Ombudsman (FTO) has directed the Karachi Large Taxpayer Office (LTO) to refund extra paid sales tax on vehicles to the Bank of Punjab (BOP) in order to provide tax relief to end customers.

In this regard, the FTO issued an order (Informal Resolution of Disputes) against Pak Suzuki Motor Company Limited on Thursday.

According to an FTO order, the BOP filed the complaints under Section 33 of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance), along with a copy of the NOC from the complainant/buyers of the cars through a bank lease.

The bank filed complaints on behalf of the buyers, seeking relief from the charging of a higher rate of sales tax on these cars purchased by the complainant from the aforementioned car manufacturer.

In brief, the bank booked these vehicles when the sales tax rate was 17 percent. Meanwhile, the sales tax on cars up to 1000CC was reduced to 12.5 percent, and federal excise duty (FED) was eliminated as part of the Finance Act 2021, which went into effect on July 1, 2021.

Despite the fact that the company waived FED, it charged sales tax at the rate of 17 percent at the time of booking rather than the invoice/delivery date, depriving the complainant of the reduced tax burden. The bank has now filed an application on behalf of the buyers to refund the difference in sales tax based on the rate in effect on the date of delivery of the vehicle.

According to FTO, all of these cases are currently being implemented in Karachi. The FTO's regional office in Karachi has devised an effective implementation strategy in collaboration with the LTO Karachi and the car company. Because this is a 100% parallel case, no further investigation is necessary because the petitioner is entitled to the relief sought and granted by the competent authority in other similar cases.

In light of the foregoing, the LTO Karachi is directed to grant relief to the bank in accordance with the referred cases upon submission of an undertaking to the LTO Karachi that the benefit of the refund of extra paid sales tax will be shared with the end customers/clients, according to the FTO order.

18/01/2023

In an effort to attract compact family car buyers, Master Changan Motors Limited (MCML) has announced a discount offer for Alsvin.

A registration rebate of Rs. 200,000 is included in the offer. It also includes insurance, priority delivery, and a price lock for customers.

The offer is only valid for Alsvin and does not apply to the Oshan X7 or the Karavan minivan. Furthermore, while the company has not specified an expiration date for this offer, it is most likely only available for a limited time.

17/01/2023

15/01/2023

14/01/2023

Due to the massive economic downturn, Pakistan's auto sector saw a drastic drop in sales in H2 2022. Non-approval of letters of credit (LCs), import restrictions, price inflation, production cuts, and restrictions on auto financing have all contributed to the decline.

Pak-Suzuki Motor Company (PSMC) continues to be the top car seller in 2022, selling 125,947 units in a year, while Honda Atlas Cars (HCAR) and Toyota Indus Motor Company (IMC) sold 31,007 and 54,768 units, respectively.

Because of the economic turmoil, demand for automobiles has dropped significantly in recent months. Nonetheless, certain vehicles have outperformed others in the local market.

12/01/2023

To ensure road safety, the National Highways and Motorway Police (NHMP) will take harsh action against overloaded vehicles.

NHMP Khalid Mahmood, Inspector General (IG), stated that the department will enforce Section 43, Schedule 6 of the National Highways Safety Ordinance 2000. He also stated that violators of the weight limit will face harsh penalties under the law.

NHMP launched a campaign earlier this month to educate bikers on the proper use of rearview mirrors and helmets. According to Asad Shabbir, a spokesman for the NHMP, bikers frequently violate highway rules, resulting in property and life losses.

The department also sent a letter to the Engineering Development Board (EDB) requesting a safety awareness campaign for motorcycle manufacturers.

He stated that the NHMP provided helmet safety briefings and distributed free helmets.

On the orders of NHMP Inspector General Khalid Mahmood, Shabbir added, the department has launched a campaign called to raise awareness about traffic rules among bike riders.

09/01/2023

سرجانی ٹاؤن میں سلنڈر دھماکا ، گرین لائن بس بال بال بچ گئی

دھماکے کے وقت گرین لائن بس فلائی اوور سے گزر رہی تھی

گرین لائن بس آگ کے شعلوں کے پاس سے گزری

09/01/2023

The government has reduced customs duties on the import of small vehicle assembly equipment. In this regard, the revenue division has also issued an amendment notification.

According to the notification, the customs duty on assembly kits for cars with 1000cc or smaller engines has been reduced from 30% to 15%. In addition, the customs duty on tyre tube imports has been reduced from 25% to 16%.

In addition, the government has reduced the customs duty on older models with comparable engine displacements from 32.5% to 30%. The notification also states that the 15% discount is only valid for three years and applies to new model cars certified by the Engineering Development Board (EDB).

The State Bank of Pakistan (SBP) has relaxed import restrictions on Completely Knocked Down (CKD) kits for local automakers.

The SBP announced in an official notification that the central bank has decided to lift import restrictions beginning January 2, 2023. The decision is to allow the SBP to accept import transaction requests that have already been filed.

The removal of import sanctions and the reduction of import duties on small cars will allow companies such as Pak Suzuki, Kia Lucky, Prince, and other small car manufacturers to rev up production and sales.