Volvo Cars sold 171,501 vehicles during the second quarter ended June, marking a 5.6% year-on-year decline. Despite lower overall sales, deliveries of electrified vehicles, including fully electric and plug-in hybrid models, increased 10%. Electrified vehicle sales rose 8% in Europe to 64,989 units and surged 144% in China to 9,909 units, highlighting strong demand for low-emission vehicles.

Pakistan’s auto industry has been warned that the federal budget could weaken local manufacturing by reducing import duties on completely built vehicles and auto parts. Industry experts believe the move will discourage localisation, increase reliance on imports, and put nearly 1,200 auto parts manufacturers at risk. Stronger safeguards have been urged to protect domestic production, jobs, and long-term industrial growth.

A delegation from Chinese EV giant BYD met Finance Minister Muhammad Aurangzeb and highlighted Pakistan’s growing potential in the electric vehicle sector. The company reaffirmed plans to begin assembling vehicles in Pakistan by mid-2026 and outlined its vision of making the country a regional hub for EV manufacturing and exports. BYD also plans to develop charging infrastructure with local partners and train Pakistani engineers. Discussions focused on electric mobility, renewable energy integration, investment opportunities, and supporting Pakistan’s transition toward a greener economy.