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The second generation of the Toyota Fortuner made its debut in Egypt in 2018 [citation needed], with the top trim receiving a facelift for the 2024 model year. [ clarification needed ] [ 65 ] The Fortuner comes in three grades as of the 2025 model year: the Smart 4×2, which has the 2.7-litre 2TR-FE engine, the Elegance 4×4, and the Sport trim ...
In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine. [6] In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of Rs. 370 (equivalent to Rs. 1,900 or US$6.50 in 2021) per share. [7]
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 ...
Toyota Samrong plant, Samrong Tai, Samut Prakan – Hilux (mostly domestic models), Hilux Champ, Fortuner; Toyota Ban Pho plant, Lad Kwang – Hilux (export models only) Siam Toyota Manufacturing Co., Ltd., Chonburi – Engines [20] Toyota Auto Works Theparak plant, Samut Prakan — HiAce, Commuter
However, the widespread availability of used Japanese imports prompted official importers to reduce the price of brand new cars, and in 1998, New Zealand became one of the few countries in the world to remove all import tariffs on motor vehicles. [58] Grey market vehicles comprise a majority of cars in the national fleet.
The Automotive Development Policy (2016–2021) and the launch of the China-Pakistan Economic Corridor (CPEC) encourage foreign investments for new automobile brands to enter the Pakistani market. The leading manufacturers in the automobile industry in Pakistan are interested in introducing electric vehicle (EV) models with a wide range of ...
United Auto is now engaged in manufacturing of loaders, scooters, rickshaws and bikes in Pakistan. It has a joint venture with a Chinese automaker to produce these two new vehicles for the Pakistani market. [2]
After the entry of new models and brands by new entrants and due to the significantly low benchmark interest rate of 7%, consumer financing hit an all-time high in 2021. This trend started when a new Automotive Development Policy (2016–2021) was first approved by the ECC in its meeting held on 18 March 2016.