Latest in Tag: Cars Highlight
Latest in Tag: Cars
Parliament approves in principle draft law exempting cars imported by Egyptian expats from taxes, customs
On 16 October, the House of Representatives referred the draft law to a joint committee of the committees of plan and budget, economic affairs, constitutional and legislative affairs, and foreign relations.
Madbouly signs MoU to produce electric braids for cars in Egypt
The signing was attended by Ambassador of Japan to Cairo Oka Hiroshi, Mirsha Serbo, Chief Operating Officer of Sumitomo Europe Limited, and Deputy Managing Director of the company Rudi Rudolph.
Contracting procedures for old car replacement standardised across all banks: Trade Minister
Citizens can access payment plans up to 7-10 years under initiative
Converting, replacing cars to natural gas: What you need to know
Find full facts for converting and replacing vehicles to dual-fuel system, steps needed to participate, and who to go to
20,000 citizens register data under Car Replacement Initiative: Trade Minister
Egypt’s Minister of Trade and Industry Nevine Gamea has revealed that 20,000 citizens registered their data, during the recent Go Green Exhibition, to benefit from the government’s Car Replacement initiative. Gamea said that the initiative aims to convert and replace vehicles to run on clean energy and natural gas. Of the registrants, more than 10,000 …
Auto dealers support extending deadline for electronic traffic sticker installation until March
No further extensions to e-sticker installation deadline expected: Egyptian Automotive Dealers Association Chairperson
Auto market escapes wave of price hike in January thanks to Egypt-UK Association Agreement
Egypt-UK Association Agreement will ensure that the prices of cars coming from the UK will not be affected by Brexit.: El-Sabaa
Looking for affordable cars to buy? DNE presents 6 cheapest vehicles in Egypt
With over-pricing an issue of debate in Egypt’s vehicle market, it can be difficult for potential customers looking to purchase new cars to decide what best option suits their needs. Daily News Egypt has identified the six lowest priced cars available in the domestic market, with prices ranging from EGP 125,000 to EGP 169,000.
250k natural gas vehicle conversions, replacements planned over 3 years
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt’s auto parts market sees calm demand despite discounts
Value of Egypt’s car imports reach $6bn per year, says Cairo Chamber of Commerce Official
Egypt takes serious steps to convert petrol-run cars to natural gas
Government starts converting old cars to work on natural gas, and limits new licences for bi-fuel vehicles
Pandemic to change automotive industry; price hike likely in near future: Naggar
Egypt’s automotive market unlikely to return to pre-coronavirus levels before August 2020, says Kayan Chairperson
Preliminary contract remedy for commercial transaction affected by notary’s offices closures
To protect rights of sellers, date of contract should be written down to disclaim responsibility for any violations that may occur after date of transaction
Egypt’s car sales up 10% in January; European brands denominate market
Sales to increase by 15% in the coming period: El Saba
How would zero customs on European, Turkish cars affect Chinese brands?
Chinese car companies, for the new year, did not reduce car prices in anticipation for market conditions improving, Saad explained. He noted that the recent drop in car prices is not solely due to custom removals of Turkish cars, but also to the decline in exchange rates.
Auto Store to expand its network to 6 branches by 2020-end
Company offers full warranty on used cars
International EV sales expected to reach 56m cars in 2040: Bloomberg
China is sweeping EV charging station market internationally
Car prices expected to continue downtrend in 2020
“Turkish cars” next year’s sales’ password
Automotive market anticipates impacts of eliminating customs on Turkish-origin cars
Turkish car prices expected to fall by 2.5% in 2020
Chinese cars receive hard hit after Egypt removes custom duties on Turkish cars
Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively affect Chinese car sales, says Saad
Volkswagen unlikely to establish car assembly plant in Egypt: Kayan
Facilities provided by Rwanda enhanced the economic feasibility of opening Volkswagen plant there, says Naggar
KIA Egypt considers increasing its models in 2020
“I expect the car market to grow by 10-15% in 2020,” says Fahim
Egypt’s auto market witnesses new wave of price cuts as automakers introduce 2020 models
Up to EGP 200,000 price cuts on 2019 car models, cashback rewards rolled out by many companies
Increased fuel prices raise sales of small cars
Egyptian market unqualified to receive electric cars, hybrids
AMIC’s reports between cars’ sales figures, actual sales
Parent company does not review its reports with us, says chairperson of IFG for Trading
Nissan willing to support Egypt’s automotive policy, make Egypt an export base in region: Senior VP, Chairperson for AMI region
NMEG to increase production to 28,000 in 2019, aims to reach more than 20% market share
Tawfik announces initial partnership deal between Nissan, El Nasr Automotive to produce 100,000 cars annually
Ministry owns 250 untapped land plots with area of 19m meters, to be sold to reinvest, pay debts, support public treasury
Officially…Establishment of first Egyptian company to import cars with low profit margin of 6%
The Nile Car Gate Company for car importation was established on Monday 18 February 2019 with a profit margin of 6%. The company will play the role of a broker. Clients would choose a car, and the company would buy it and complete all the custom measures for the new owner. A conference by the …
In the shadow of stagnation, Egypt imposes notary fees on cars
90% of sales in used market is conducted through power of attorney, say traders
Mercedes-Benz will start assembling its cars in Egypt soon
2019 will be year of achievements, representing new breakthroughs in Egyptian automotive sector