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Articles for tag: auto industry, auto policy, Car Sales, Indus Motor, Pak Suzuki, PAMA

January 11, 2025

News Desk

Khalif Kairo arrested for fraud and car recovery

Joseph Kairo Wambui, also known as Khalif Kairo, a businessman and used car dealer, was arrested on Saturday after a customer accused him of selling a car with an existing loan. The vehicle, a 2014 Volvo V40, was repossessed from auctions when the buyer discovered it was saddled with debt, despite initial assurances of a smooth transaction. The news was first reported by blogger Cyprian Is Nyakundi, who revealed that Kairo was taken into custody at the Capitol Hill Police Station for questioning. This arrest follows a complaint from the buyer, who was frustrated after the issue remained unresolved for

February 14, 2024

News Desk

Car sales rose 81% in January

LAHORE: Pakistan’s auto sector has seen a promising start to 2024, with car sales in January reaching 10,500 units, up 81% from 5,816 units in December 2023. Including non-PAMA (Pakistan Automotive Manufacturers Association) members , car sales totaled 11,700 units, up 72% month-on-month. Despite a 5% year-on-year decline from 11,100 units in January 2023, PAMA car sales in the first seven months of FY24 totaled 49,990 units, down 48% from 95,240 units in 7MFY23. Factors contributing to the decline include escalating car prices, expensive car financing and low consumer purchasing power. Sunny Kumar, Deputy Head of Research at Topline Securities,

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