Pakistan Autos_ Apr’21 auto sales tumbled 18%MoM, (AKD Daily, May 18, 2021)
AKD Daily
Pakistan Autos: Apr’21 auto sales tumbled 18%MoM
- Total industry sales for the month of Apr’21 came in at 22,067 units (-18%MoM) constituted by 14,435 units of passenger car (PC) sales (-16%MoM), LCV sales of 2,798 units (-25%MoM), truck offtake of 282 units (-44%MoM) and 51 Buses (-24%MoM) where sequential decline is attributable to low working hours, supply side issues and rising COVID cases.
- As a result, cumulative 10MFY21 total industry sales amounts to 196,915 units (+55%YoY) with cumulative passenger car sales at 126,679 units (+48%YoY), LCVs at 25,272 (+93%YoY), tractors sales climbed to 41,427 units (+62%YoY), while truck sales remained flat at 2,982 units (+8%YoY),
- Segment wise sales indicated across the board decline with the most witnessed in premium vehicle segment of 1,300CC+ (6,838 units in Apr’21, down 19%MoM). 800CC and 1000CC segment contracted by 16%MoM and 5%MoM to stand at 4,838 and 2,759 units respectively.
- With respect to major OEMs, HCAR sales diminished most to 2,287 units (down 27%MoM) possibly due to new model effect of CITY variant. It was followed by INDU (5,355 units, down 20%MoM), and PSMC with units sales of 8,606 units (15%MoM) where stronger Wagon-R sales provided some respite to the company (+15%MoM).
AKD Research
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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