Automotive News
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PM witnesses inking MoU on developing automotive industry in Egypt
The MoU was inked by head of the automotive industry unit Gomaa Mohamed Madany and CEO of the AAAM David Coffey.
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Egypt approves local initiatives to convert vehicles to run on electricity
The platform stated that electric power would cost customers 30 percent less than fuel.
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Egypt’s automotive industry has the potential to become the largest on the continent
This is supported by existing incentives and market dynamics, along with government plans to localize the industry.
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Egypt and Japan's Sumitomo start construction of $100 million car electric-wiring factory
The Minister of Trade and Industry Ahmed Samir laid the foundation stone at Sumitomo Electric Egypt's new vehicle electric-wiring harness factory.
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Egypt’s automotive sales fell by 69% y-o-y in April, passenger car sales down by 70%
The AMIC attributed the downtrend to the continued impact of the foreign currency shortage.
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Transfer delays won't affect duty-free car import eligibility: Egypt’s finance minister
Minister of Finance assured Egyptian expatriates that the delay in their transfer of imported car fees will not make them ineligible for duty free.
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Tender: Supply of auto spare parts
Supply of auto spare parts and ball bearings under two contracts in Cairo, the deadline is on June 21st.
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India’s Ashok Leyland to bring electric cars to Egypt
The share of electric vehicles in the Egyptian car fleet is expected to increase from mid-2023.
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Egypt's duty-free car import initiative brings in nearly 30% of target
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers.
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Goodyear upbeat about Egypt’s tire market - company official
A young demography and growing demand for premium cars will further boost Africa’s second largest automotive market.
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Toyota Tsusho is exploring establishing a car factory in Egypt
Toyota Tsusho, a Japanese car maker, announced plans to establish two car factories in Africa, with an annual production capacity of 100k cars each.
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Egypt raises fees for triptik vehicles
The Egyptian Customs Authority has increased the fees of imported cars with a temporary release system, known as triptik vehicles.
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Project: Automotive spare parts
Cairo: Supply of tractor spare parts
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Egypt’s passenger car sales drop 76% YoY in March
Nissan topped the best-selling passenger car brands in March with a market share of 33%, accounting for 1,515 cars, AMIC added.
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Egypt converted 50,000 cars to bi-fuel models in first 9 months of FY2022/23
The Egyptian government converted around 50,000 cars to run on gasoline and natural gas between July 2022 and March 2023.
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105k Egyptian expats register for tax-free car import initiative
There are only 19 days left until the end of the initiative and it will not be extended, Maait added on Tuesday.
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Tax-free car import initiative for Egyptian expats receives $500m worth of payments
Maait added that 100,000 Egyptians residing abroad have registered electronically to benefit from this initiative.
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Nigeria-based Autochek acquires majority stake in Egypt’s Autotager
AutoTager is an Egyptian automotive technology company that makes it easier to find and buy cars.
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Egypt’s First Railway Tracks Factory Will Be Built in Ain Sokhna
The new factory is set to start production by the end of 2023, and is expected to not just cover the country’s railway track needs, but export too.
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Project: Supply of traction equipment
Cairo: Supply of traction equipment for Automotives