Latest in Automotive Highlight
Latest in Automotive
Hybrid cars set new challenge in local market: car market analyst
The current recession experienced in the Egyptian automotive market was caused by customers’ anticipation of the new car prices after the full removal of customs on European-origin cars which would lead to similar changes in other brands’ prices, said Mohamed Sheta, a car market analyst and editor-in-chief of Auto Arabia Media Group. He added that …
“We aim to see a 35% decline in car prices by June”: campaign’s founder
The founder of “Let It Rust – Duty Free” campaign, Ahmed Abdel Moez, was interviewed by Daily News Egypt. He said the campaign’s Facebook page has 400,000 followers until now. The move aims to control car prices and reduce financial burdens on customerss who are already suffering from price hikes. He told DNE that unlike …
Customers’ high expectations led to current car market recession: AMIC
About 180,000 cars were sold in 2018, of which 60% were imported
Experiencing new challenges
Starting 2019, all European-manufactured vehicles have become duty-free after applying the last phase of duties’ exemption in accordance with the Egypt-EU Association Agreement which caused a notable decrease in vehicle prices ranging from 8% to 15%. Customers in the Egyptian market had high expectations that this step will push car dealers to significantly reduce prices …
Disabled await activation of Article 31 to reduce prices of imported cars
Will state subsidise disabled peoples’ cars?
Mercedes-Benz will start assembling its cars in Egypt soon
2019 will be year of achievements, representing new breakthroughs in Egyptian automotive sector
Mercedes-Benz considers resuming car assembly in Egypt
Mercedes-Benz plans to start a new assembly plant in Egypt in cooperation with a local business partner.
First electric bus pulled from Alexandria after 3-month pilot run
Equipped with surveillance cameras, internet, GPS, AC, and system to help people with special needs
Electric cars in Egypt: need to cope with global market or social significance?
Egypt unprepared, there is no infrastructure, experts warn
Stay with those who commit to promises… Stay with El sabea Auto
Because the confidence of our customers is the foundation of our success, El sabea Auto announces its commitment to its promise and offers cash refunds to customers who purchased cars from 14 November to 31 December 2018. We invite our customers to contact us through 16449 or go to visit our showroom at 40 Nozha …
Removing European car import customs tariffs causes inertia in Egypt’s used vehicle market
First week of 2019: traders maintain prices, customers wait for reductions
Tredco invests EGP 30m in first assembly line of electric scooters in Egypt
Factory’s production capacity reaches 100 units per day
Supporting feeding industries may be government door to manufacture Egyptian cars
Sector awaits incentives to launch, boost investments is linked to announcing the automotive strategy
Customs cuts will have negative impacts on feeder industries in Egypt
Egyptian industry qualified for global competition, absence of incentives main obstacles
ETA considers offering incentives to encourage use, local manufacturing of electric cars
Income tax reduced to encourage companies to manufacture electric cars locally: George
Investments in feeding industries amounted to EGP 16bn, employs 50,000: El Kady
No country completely manufactures entire car, focusing on components better alternative
Environment ministry submits a study on electric vehicles to Cabinet this month
We aim to reduce carbon emissions, NAC to be first environment-friendly city: Minister
Toyota continues to prioritise customers’ interests, offers highest quality products in Egyptian market
Company introduces its lubricants brand in Egypt for the first time
Aston Martin is preparing to launch its first SUV by 2021: brand manager
DBS Superleggera to arrive in a few weeks
Insurance companies await propagation of electric cars
Batteries represent 40% of car’s value: El Kafrawy
Automotive market welcomes new price
European-manufactured vehicles will not be affected much by decision
Electricity price for cars will be sold without subsidy
Pilot programme for recharging cars in subsidiaries: Shaker
EIT launches assembly line of Kia Sorento in Egypt
Local components in Sorento exceeds 45%: Nosseir
Electric cars: opportunities, challenges
Inclusive infrastructure, traffic law, maintenance services, obstacles to automotive sector
Nassar, Tawfik open 5th session of Egypt Automotive
EGP 47bn expected car sales this year, with hopes to sell 300,000 cars by 2020: Hussein
IPO’s high committee will look into first phase next month: Tawfik
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors
Elsaba Automotive establishes holding company in preparation for IPO
Company currently comparing amid 4 major consulting firms to conduct restructuring studies on operations and implementation of governance rules
Half of car companies operating in local market desires to cooperate with government to develop El Nasr Automotive Company: Trade Minister
Partnerships with global investors to establish export-oriented projects: Nassar
“European cars make up 15% of sales, increases in 2019”: secretary-general EAMA
Sales will increase in 2019 to between 10%, 15% compared to 2018
Automotive market reaps rewards of economic reforms, says AMIC spokesman
GATT will be applied by January 2019