To resolve the issue, chairman and senior vice chairman of the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) Abdul Rehman Aizaz and Abdul Razzak Gauhar had informed Industries Minister Khusro Bakhtiar in a recent meeting about the Rs6 billion stuck-up sales tax refunds of the tractor assemblers for the past 18 months. Every… Continue reading World NM: Tractor assemblers seek release of Rs6bn sales tax refunds001445
Author: World_Newz Mon
World NM: Experts: Fresh steps will ease auto chip woes001444
New probe expected to rein in price gouging amid persistent shortages The Ministry of Industry and Information Technology, the nation’s industry regulator, has asked local automobile makers and semiconductor companies to compile a brochure on auto chips, to match supply and demand better. Go to Source
World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443
LAHORE – The Federal Board of Revenue (FBR) and its sub-organs have been creating unfair hurdles and using delaying tactics to clear the billions of rupees’ sales tax refunds of the tractor industry despite the full assurance of the Ministry of Industries and Production and FBR’s high-ups. The delegation apprised the minister that tractor manufacturers… Continue reading World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443
World NM: Renault Samsung, Lynk & Co to develop eco-friendly car001442
Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday it will partner with Lynk & Co. to develop an environment friendly vehicle in the Korean market. Lynk & Co. is the automotive brand formed as a joint venture between Geely and Volvo in 2016. Renault Samsung badly needs a new model,… Continue reading World NM: Renault Samsung, Lynk & Co to develop eco-friendly car001442
World NM: The five best premium family cars001441
Luxury and prestige combine with practicality in our pick of the most desirable family transport Inside, it might not be quite as fancy as Volvo’s larger models, but the XC40 is way more interesting to look at and to interact with than a family car has any right to be, while there’s also plenty of… Continue reading World NM: The five best premium family cars001441
World NM: Inquiry into third-party chip dealers001440
China’s top market watchdog has launched an investigation into third-party auto chip dealers. Several major carmakers have had to shut down some production lines because of the semiconductor chip shortage. Most chip producers sell products through dealers with transparent prices. Go to Source
World NM: Tesla again cuts the price of its Model 3001439
Tesla has again trimmed the price of its Model 3 in China. Since Tesla started production of the entry-level model at its Shanghai factory in late 2019, it is the fourth time the price has been dropped. In China, Tesla’s market share slipped to 11 percent in the electric vehicle market. Go to Source
World NM: Reporting of defective vehicle parts set out001438
The Defective Product Administrative Center of the State Administration for Market Regulation issued a specification on the reporting of defective automobiles last week, clarifying the ways in which such products can be reported. Mercedes-Benz will recall 40 imported and China-made vehicles, including the A-class, C-class, G-class, GLA SUV, GLB SUV and GLE SUV, produced between… Continue reading World NM: Reporting of defective vehicle parts set out001438
World NM: Tasjeel opens new vehicle testing centre in Al Rahmania Mall, Sharjah001437
Spanning over 175 sqm and equipped to serve more than 100 vehicles daily, the new Tasjeel centre will offer automotive services to residents of Al Rahmania and nearby areas. ENOC and Dubai Police partnered in 1999 to set up Tasjeel to offer fast and convenient vehicle testing services in the Emirate. In 2006, Tasjeel began… Continue reading World NM: Tasjeel opens new vehicle testing centre in Al Rahmania Mall, Sharjah001437
World NM: Automobile export surge: Catching the trade winds001435
At a time when domestic auto sales have been choked by Covid-19, Indian manufacturers finally have something to cheer about: the export market. India’s total auto exports in the first quarter of fiscal 2021-22 (Q1, from April to June) was 1.4 million units, over three times the figure in the same period in the previous… Continue reading World NM: Automobile export surge: Catching the trade winds001435