As the industry saw a 20% increment in sales from last year, Pakistan’s local auto-manufacturing market is on a swing .The rising success of the local market is because of a change in the process of getting imported cars. Just last year in October, the import procedure and taxes were altered for both new and used cars which showed the way to a decrease in their levels.
Statistics of Locally Assembled Car Sales
In December , Pakistan Automobile Manufacturers Association (PAMA) sales data for cars was released. Here are a few of its key findings:
- Sales of locally assembled automobiles amplified to 19,237 units in December. Last year for the duration of the same month 16,042 units were sold. These figures also comprised of jeeps and light commercial vehicles.
- In general during the first half of current fiscal year, 124,138 units were sold as evaluated to last year’s 97,533 units (27% increase).
Ride-hailing services such as Uber and Careem also contributed to the raised demand of cars. Suzuki profited the most from it as the company remains well-liked for its smaller-engine units. The local market imports smaller-engine segments; consequently a decline in their imports denoted that Suzuki’s market share rose.
Pak Suzuki
Suzuki’s sales rose by 29% year-on-year from last fiscal year. Suzuki’s low and medium priced models put in most to the company’s growth. Mehran sales amplified by 22% from last year, sales of WagonR rose by a huge 100% from last year. Cultus which was rather criticized too managed to attain 15% more sales from last year.
Throughout the first six months of current fiscal year Suzuki’s sales rose by 32% from last year through the same time span. Suzuki has by now sold 69,224 units this fiscal year.
Toyota Pakistan
Toyota Pakistan was last amongst top 3 auto makers of Pakistan in terms of sales. Indus Motors is at present facing a bit of crisis for the reason of its limited capacity constraints.
Year-on-Year sales of Toyota went down by 3% whereas month-on-month declined by a huge 14%. In general throughout the year, Toyota managed a 6% sales growth from last year.
Honda Atlas
Honda has had a firm year so far. Their car sales was 3,213 units for the month of December up 33% from last year. Nevertheless sales turned down by 28% month-on-month because of heavy demand of Honda models.
Honda brought in new Civic, City and BR-V models which swiftly turned out to be popular in public making company’s sale raise by 50% during first six months of current fiscal year. Honda has sold a total of 24,780 units up till now during fiscal year 2017-18.
