Monday, March 16 2026

Nora EV enters Pakistan market with Rs1.89mn starting price
Pakistan’s electric vehicle (EV) segment has gained a new entrant as Nora EV has officially launched in the local market with a starting price of Rs1.889 million. According to details on the Nora EV website, the vehicle has been introduced in three variants, targeting buyers seeking relatively lower-cost EVs. The Eco variant is priced at Rs1,889,000, while the Eco+ variant costs Rs2,099,000. The top-tier EcoX variant will be available for Rs2,299,000. As per the company, this is “Pakistanʼs first EV that lets you swap batteries and power up in seconds”. The Nora EV is a compact four-seater electric vehicle designed primarily for urban commuting. The vehicle measures 2900mm in length, 1450mm in width, and 1600mm in height, with a wheelbase of 1900mm and ground clearance of 160mm.
Related news categories: auto-assembler business economic-indicators misc

Tuesday, March 10 2026

MG Motor Pakistan begins delivering MG U9 pickup trucks
In a move that sets a new benchmark for delivery reliability in Pakistan’s automotive sector, MG Motor Pakistan has begun delivering its highly anticipated MG U9 pickup trucks ahead of the originally committed timeline. The first batch of MGU9 vehicles was officially handed over to customers in mid-February, several weeks earlier than the previously announced late-February delivery window. The early handover reflects the company’s strong focus on operational reliability and its commitment to placing customers at the center of every decision. In an industry where delivery timelines often shift due to supply chain pressures and logistical constraints, the early arrival of the MGU9 represents more than just an operational milestone. It signals a clear intent by MG Pakistan to strengthen customer confidence by honouring commitments and in this case, exceeding them.
Related news categories: auto-assembler business economic-indicators misc

Friday, March 06 2026

MG Motor announces USD20m investment
In a major vote of confidence in Pakistan’s economic outlook and industrial potential, MG Motor Pakistan, backed by global automotive giant SAIC Motor, has announced a USD 20 million investment to expand its vehicle manufacturing plant. The expansion is set to introduce advanced automotive technologies to Pakistan and will support the company’s plans to broaden its product lineup through the launch of new vehicle models. This initiative will generate new employment opportunities while strengthening the local automotive supply chain and supporting the continued development of Pakistan’s manufacturing ecosystem. “This investment reflects our long-term confidence in Pakistan’s economic potential and its rapidly evolving automotive ecosystem,” said CEO of MG Motor Pakistan, Shao Jian Qiang.
Related news categories: auto-assembler business economic-indicators misc

Tuesday, March 03 2026

Automobile industry remains uncompetitive: CCP
Pakistan’s automobile industry remains structurally uncompetitive due to high entry barriers, inconsistent policies, and market distortions, the Competition Commission of Pakistan (CCP) warned in its automobile sector study. These challenges are limiting investment, innovation, and consumer welfare, the report notes. The study highlighted that market contestability - the ease with which new firms can enter and compete — is constrained by restrictive import policies, shifting tariffs, strict localisation requirements, and limited access to technology and financing. Macroeconomic instability, supply chain disruptions, and the absence of a predictable long-term industrial policy have further increased business risks, discouraging new entrants.
Related news categories: auto-assembler business economic-indicators misc

Monday, March 02 2026

Bestway Cement enters auto sector after CCP nod
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited, a wholly owned subsidiary of Bestway Cement Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. According to a statement released on Saturday, Bestway Automotive (Private) Limited filed a pre-merger application on January 26, 2026, for the acquisition of Al-Haj Automotive (Private) Limited, under Section 11 of the Competition Act, 2010. The transaction arises from an asset purchase agreement executed on December 22, 2025, between the merger parties. Meanwhile, the acquirer, Bestway Automotive (Private) Limited, is a private limited company incorporated in Pakistan and a wholly owned subsidiary of Bestway Cement Limited, a company listed on the Pakistan Stock Exchange.
Related news categories: auto-assembler business cement economic-indicators psx stock-exchanges
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