Business
Toyota invested $100 million in Pakistan to manufacture hybrid electric cars
Toyota Indus Motor Company (IMC) recently confirmed that it will start local manufacture of hybrid electric vehicles (HEVs) in Pakistan as soon as the end of this month. The company announced in an official statement to the PSX that it will invest $100 million over the next three years in the local production of hybrid and electric vehicles.
Toyota IMC also stated that the business will use the funds to upgrade the local assembly plant in Karachi’s Port Qasim, which will also allow for further localization of auto parts in the future.
The corporation also expressed gratitude to the government for the recent duty and tax breaks offered to manufacturers in order to boost the local production and sale of environmentally-friendly vehicles.
There are also indications that Honda Atlas Cars Limited (HACL) intends to make a significant investment in the local production of hybrid and electric vehicles in the not-too-distant future.
The first electric vehicle from Bugatti is not something you expect
boAt launched Airdopes 181 with 20 hours playback and Beast Mode
Podbike stylish electric bike-car will deliver to customers later in 2022
Leak: Realme 9 Pro in Render Design, Hinted for February release
Pakistani-American woman kidnapped and murdered by her Ex-husband
Spider-Man: No Way Home has made over $1 billion at the box office
The first desert crossing Xinjiang Expressway is now open to traffic
Honor 60 SE 3C certified with 40W turbo charging; expected launch December 31
-
Tech5 days agoLeak: Realme 9 Pro in Render Design, Hinted for February release
-
Tech5 days agoPodbike stylish electric bike-car will deliver to customers later in 2022
-
Tech5 days agoboAt launched Airdopes 181 with 20 hours playback and Beast Mode
-
Tech5 days agoThe first electric vehicle from Bugatti is not something you expect
