By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
    Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
    June 8, 2023
    Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
    Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
    June 8, 2023
    AUR Capital concludes second securitized bond issuance of EGP 1.124bn 
    AUR Capital concludes second securitized bond issuance of EGP 1.124bn 
    June 8, 2023
    Matouk Bassiouny & Hennawy consults on more than 18 deals currently: Founding partner
    Matouk Bassiouny & Hennawy consults on more than 18 deals currently: Founding partner
    June 8, 2023
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    June 8, 2023
  • Politics
    PoliticsShow More
    Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
    Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
    June 8, 2023
    Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    June 8, 2023
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    June 8, 2023
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon 
    June 8, 2023
    A legally binding agreement must be reached on GERD: Al-Sisi
    A legally binding agreement must be reached on GERD: Al-Sisi
    June 8, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Automotive Division discusses sector crises
Share
Notification
Latest News
Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Business Automotive
Egyptian drama and cinema industry: challenges and solutions
Egyptian drama and cinema industry: challenges and solutions
Cinema Culture
Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
Opinion Politics
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion Business
AI outperforms standard risk model for predicting breast cancer
AI outperforms standard risk model for predicting breast cancer
Science
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Automotive > Automotive Division discusses sector crises
Automotive

Automotive Division discusses sector crises

Ahmed Hassan Abdul Karim
Last updated: 2019/04/22 at 9:05 PM
By Ahmed Hassan Abdul Karim 3 Min Read
Share
SHARE

The General Federation of Chambers of Commerce in Cairo held a conference on Wednesday for the Automotive Division, which was attended by Omar Belbaa, Head of Division and Head of Belbaa Trading and Import Company; Wael Tarek Ismail, chairperson of Al Tareq Company for Trading, Importing and Distribution of Cars; Amr Hassan Sulaiman, chairperson of Al Amal Auto Group; Mohamed Abaza, chairperson of Abaza Auto Autodrade; Mohammad Ezzat Al Kafrawi, chairperson of Al Kafrawi Car Showroom; Salah Anwar Mahmoud Al-Kamouni, chairperson of Directors of Al-Kamouni Agricultural Machinery and Accessories Company; Montaser Zeitoun, chairperson of Zeitoun Car Showroom, and Samir El Sayed El Sayed, chairperson of Auto Samir Rayan.

The conference discussed a number of issues related to the automotive sector, topped by the executive regulations issued by the Consumer Protection Authority (CPA) about a few weeks ago, and the impact of one of its items on the return of the commodity within 14 days, and the extent of their negative impact on the car trade, which may cost the trader, the distributor, or the agent huge sums of money in the event of an attempt to return the vehicles, as once the car has moved, its price decreases, making it a vulnerable item. They called for cars to be exempted from this item to maintain the local industry, the reputation of traders, and transparency between sellers and consumers.

The conference discussed the necessity of exempting the customs of the components of hybrid cars and gasoline to create a gap between them and imported cars, especially that since the Egyptian consumer is attracted toward imported cars compared to the cars assembled locally, if their prices are equal. Locally, there will be a price advantage which attracts the consumer toward locally assembled cars, which would also positively affect the development of small and medium enterprises, and overall feeder industries.

Among the issues discussed in the conference was licensing the use of pavements, as per the law, through certain mechanisms without any damage.

The conference concluded its session by allowing corporate sales representatives to be present within various traffic departments to license and clear cars to customers or renew their papers without causing any irregularities.

Balbaa pointed out that the ‘Let it Rust’ campaign coincided with the implementation of the European partnership, which led to decreased sales. He pointed out that traders do not have any mechanisms to return sales to where they were, except to enlighten the media and the consumer by explaining the real cost of cars and the extent of profits they obtain, adding that when the prices of gasoline increase, it will affect the categories of high-capacity cars, not the larger 78% segment.

You Might Also Like

Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally

Abou Ghaly Motors ranks 1st in Africa, 6th worldwide as GEELY Auto agent for 2022

Egypt Automotive Summit’s 7th edition reviews national strategy to develop auto industry

Production of first batch of BMW cars assembled in Egypt to kick-off in 1Q 2023: Global Auto Group

Mercedes-Benz Egypt on track to open logistics hub in Suez Canal Economic Zone 

TAGGED: Automotive, Automotive Division
Share this Article
Facebook Twitter Email Print
Previous Article BMW first brand to officially launch electric vehicles in Egypt
Next Article Toyota Launches 12th Generation Corolla in Egyptian Market
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Toyota Egypt Group, Edraky LLC celebrate successful first implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Toyota Egypt Group, Edraky LLC celebrate 1st implementation of phase 1 SAP S4 Hana & Proaxia VSS globally
Business Automotive
Egyptian drama and cinema industry: challenges and solutions
Egyptian drama and cinema industry: challenges and solutions
Cinema Culture
Opinion| The suspension of Russia's participation in the START Treaty portends an imminent nuclear war
Opinion| The suspension of Russia’s participation in the START Treaty portends an imminent nuclear war
Opinion Politics
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion| Will the BRICS group give a lifeline to the Global South against the dominance of the US dollar?
Opinion Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?