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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 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 ...
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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.
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]
Pakistan Auto Show 2019 was held at Karachi Expo Center from April 12 to 15. The PAPS 2019 event welcomed new entrants by providing them with a platform to show their mettle in order to make the auto industry more competitive. Stalls of 244 exhibitors, including 89 local and 106 international companies were present at the event.
In September 2021, Toyota India officially discontinued the Yaris from the Indian market. The Yaris sedan was launched in Pakistan in March 2020 as a locally-assembled model. It is available in three variants with two engine options, 1.3-litre 1NR-FE and 1.5-litre 2NR-FE. The model grades are 1.3 GLi, 1.3 Ativ, and 1.5 Ativ X.