Strict orders issued from PAC to Carmakers

Strict orders issued from PAC to Carmakers

Strict orders issued from PAC to Carmakers!

Strict order to car makers to hand over new cars to the customers has been issued by Public Accounts Committee (PAC). As per the order, the car makers should hand over the car to the customer within a month who made cent per cent advance payment.

The issue took place on Tuesday, 18th October, 2022 in the session chaired by chairman Noor Alam Khan post to receiving delayed delivery of vehicles complaints.

During the session, it has been revealed that the car makers have been receiving a huge sum of Rs127 billion from the customers as advance payment against the vehicle. The ministry of Industries and production confirmed the committee that the automakers have received 20% to 100% of advance payment from the vehicle customers. He also added that the manufacturing plant was not 100% operational and it was mandatory to hand over advance payment within 60 days.

The secretary further added, If an aauto company fails to deliver car within 60 days, then it will make the reimbursement of KIBOR + 3% as penalty. Since the past two years, the auto companies had paid Rs.1.9 billion to the customers.

As per PAC chairman, the automakers were demanding an additional payment of Rs4 lac from buyers despite full payment.

PAC chairma, Noor Alam firstly issued directives to change the name of the carmakers to car assemblers besides ordering auto companies to hand over vehicles to the customer who have made complete 100% advance.

The committee also restricted the auto firms to 20% advance payment at the time of car booking. Auto companies will be eligible to pay KIBOR + 3% as penalty if they fail to hand over car within one month!

Strict orders issued from PAC to Carmakers!