Minister asks automobile manufacturers to end premium on new cars

Federal Minister for Industries and Production Shahzada Ahsan Ashraf Sheikh met leading automobile manufacturers to discuss the issue of charging a hefty premium referred to as ‘ON money,’ for early delivery of vehicles by different manufacturers in the country. On receiving numerous complaints from customers across the country, it has been observed that up to Rs 200,000 has been charged for early delivery of top of the line variants by different dealers. The minister directed all leading automobile manufacturers to take stringent actions against such dealers, which may try to swindle the ordinary customer. Furthermore, the minister directed all manufacturers to deliver new vehicles between 30 to 45 days otherwise the concerned dealer would be held responsible and liable to cancellation/ suspension of the dealership. Representatives from the automobile industry ensured the minister over compliance of these directives. Moreover, they apprised him in detail on the supply and demand shifts in the automobile industry. In addition, they said they will take coercive action against all dealers involved in charging premium on purchase of new cars. The manufacturers said they would submit a copy of new provisional booking order conditions to the ministry within seven days.



5 Comments

  1. SHB said:

    At the end of the day it is all supply and demand.

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