Automotive News
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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
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Egypt attracted $500 million from expat customs-free car import initiative
The minister shed light on the recent facilitations issued under the initiative, which include cutting customs tax by 70 percent.
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Application deadline for tax-free car import is 14 May
Maait added that the Egyptians abroad imported 600 cars under the initiative, and the total value of payment amounted to $385m so far.
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Egypt treasury gained $385 mln under special car-import deal for expats
The deadline for receiving requests to import cars under the initiative is 14 May, Maait stressed.
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Finance min.: Cars replacement initiative spearheaded in 15 governorates in 2 years
This falls within the framework of the government’s efforts to realize green transition and promote use of eco-friendly vehicles.
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Abou Ghaly Motors ranks 1st in Africa, 6th worldwide as GEELY Auto agent for 2022
GEELY Auto recently announced the performance evaluation of its global agents for 2022.
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Auto sales in Egypt plunge 76% YoY in February
Passenger car sales dropped by 78.4% YoY to 4,263 units during February 2023, compared to 19,700 in February 2022.