Pakistan Auto_Auto volumes all time high in 1QFY22 , (AKD Daily, Oct 13, 2021)
AKD Daily
Pakistan Auto: Auto volumes all time high in 1QFY22 ,
- The total industry sales in Sept’21 clocked in at 27,119 units (+46%YoY) compared to 25,679 units in Aug’21 (+6%MoM). The sales consisted of 18,971 passenger cars, growing by 60%YoY and 6%MoM. Other sales consist of 3,264 LCVs (-15%MoM/+54%YoY), 466 trucks (-16%MoM/36%YoY) and 4,377 tractors (+32%MoM/3%YoY).
- 1QFY22 total industry sales ballooned by 68%YoY to stand at 82,391 units which consist of 57,548 passenger cars (+81%YoY), 11,365 LCVs (+106%YoY), 1,339 trucks (+71%YoY), and 12,025 tractors (+12%YoY). The volumes in 1QFY22 remain all time high on the back of budgetary measures, handsome GDP growth, low interest rate environment and rising farmers’ income.
- Amongst major OEMs, PSMC registered sales of 11,188 units up 72%YoY but a slight decline of 7%MoM basis due to slightly lower offtake in Alto, Bolan and Ravi. In contrast, the sedan offerings (Corolla, Yaris & City) led the volumes, taking the total offtake for INDU/HCAR to 6,292/3,635 units, up 12/13%MoM and 44/34%YoY. During 1QFY22, the sales of PSMC/INDU/HCAR stand at 38,440/18,646/9,172 units, up 120/59/23%YoY.
- In terms of displacement wise sales, the sales of 1,300CC+ segment led the pack, depicting growth of 21%MoM/42%YoY to register at 8,803 units while the volumes of 1000CC segment depicted slight increase of 4%MoM basis but grew sharply by 143%YoY basis. In contrast, 800CC segment contracted by 11%MoM but remain robust at 5,434 units (+46%YoY).
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Pak Suzuki Motor is engaged in assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, and 4X4 vehicles. Co.'s product models include Baleno, Margalla, Mehran, Kyber, Ravi Pickup, Bolan Van and Potohar Jeep.
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