Automotive News
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Egyptian government probes development of El-Nasr Automotive
El-Nasr was founded in 1960 as the first automotive production firm in the Middle East.
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Egyptian imports of passenger cars decline by $22.9M in June 2024
Overall imports dropped by 3.3 percent in June 2024 to $6.0 billion, down from $6.21 billion in the same month the previous year.
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Sales of passenger cars rose by 97.6% in July: AMIC
The sales of passenger cars increased by 97.6 percent in volume in July 2024 compared to July 2023.
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Automotive sales jump by 42.2% MoM in July
Passenger cars led the sales increase, rising 50.7 percent from June to approximately 9,700 units, making up 85.5 percent of total sales.
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What's driving high prices of autos in Egypt?
The US dollar's surge against the Egyptian pound, coupled with a shortage of imported vehicles, has fueled the re-emergence of the "over-price".
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The rapid transformation of Egypt’s automotive industry
The automotive industry is transforming rapidly, here's a look at the latest developments, key players, and future plans in Egypt's automotive sector.
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General Motors seeks boosting presence in Egyptian market
GM also expressed its desire to accelerate the implementation of the national Automotive Industry Development Programme (AIDP).
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PM Madbouly probes expanding automotive industry in Egypt with Nissan director
Prime Minister Mostafa Madbouly met with representatives of Nissan Motor Corporation to probe into expanding the automotive industry in Egypt.
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PM advances Egypt's automotive industry with Kasrawy Automotive Group
Kasrawy Automotive Group aims to achieve an annual production target of 5,000 cars with a total investment of $16 million.
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Mansour Automotive plans for expansion in local manufacturing sector in Egypt
The group aims to expand its exports to additional markets, particularly the Gulf Cooperation Council (GCC) countries and Africa.
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Popularity of Chinese-made EVs grows rapidly in Egypt
The Egyptian market is witnessing remarkable growth in the number of electric cars, with many Chinese-made EVs traveling on Egyptian roads.
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Egypt's automotive market to be digitized
Founded by Engineer Amr Allam, Biddex aims to digitize the entire car buying and selling process.
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Egypt considers new incentives to boost local automotive industry
Egypt targets deepening autos local manufacturing by providing incentives to enhance domestic production and attract global companies.
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Volkswagen chooses Egypt over Nigeria for auto assembly plant
The agreement between Volkswagen and Egypt underscored the commitment of the government to bolster its automotive industry.
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Volkswagen Group Africa Signs New Agreement with Egypt To Develop Assembly Lines
Government of Egypt aims to establish a Special Purpose Vehicle (SPV) to construct the buildings for the Body Shop and Assembly Line.
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Auto sales in Egypt decline 14.2% YoY in May
The report also showed that car sales fell by around 2.3% YoY in the first five months of 2024, totaling 29,811 units.
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Egypt’s Automobile Dealers Association anticipates 25% increase in car prices
There are 39,000 cars held at customs, anticipating an increase in car prices and the return of overpricing.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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Egypt anticipates $2bln revenues from tax-free car import initiative
Moreover, the minister said that over 250,000 import approvals have been issued and more than 35,000 imported cars have been released so far.
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28,000 new cars rolled out to replace old ones
The new cars were assembled in Egypt, as part of government efforts to boost local manufacturing.