Pakistan Autos_Strong Mar’21 signals back to normal, (AKD Daily, Apr 14, 2021)
AKD Daily
Pakistan Autos: Strong Mar’21 signals back to normal
- PAMA reported Mar’21 total automobile industry sales of 26,919 units (+27%MoM/+164% YoY), indicating demand comfortably trouncing even pre-COVID levels and reverting to levels not seen since April’18. This upturn was led by Passenger Car sales (17,105 units, +26%MoM/+195%YoY), LCV/Pickup sales picking up to 3,708 units (+29%MoM/+229%YoY), and Truck sales bouncing back with 508 units (102%MoM/70%YoY).
- The automotive industry realized 9MFY21 cumulative sales of 174,848 vehicles (+40%YoY) encompassing 112,244 Passenger Cars (+32%YoY), 22,474 LCVs & Pickups (+72%YoY), and 36,926 Tractors (+57%YoY), indicative of automakers capitalizing on changing operational landscape.
- Segment wise sales showcased broad based uptrend in sales, led by 1,300CC+ premium vehicle segment (8,447 units in Mar’21 +38%MoM/+141%YoY), 800CC- segment (5,762 units +12%MoM/+351%YoY), and the 1000CC+ segment sustaining growth (2,896 units 26%MoM/+184%YoY) for the month, tilting segment-wise composition to the premium segment (1300CC+/1000CC/800CC composition at 49%/17%/34% for Mar’21 vs. 45%/17%/38% during the preceding month.
- Amongst major OEMs, monthly uptick was evident across the board with INDU having a particularly strong month (6,695 units sold, +53%MoM/+1.58xYoY) followed by HCAR (3,153 vehicles sold, +30%MoM/+102%YoY), and PSMC (+14%MoM/280%YoY), with cumulative 9MFY21 sales up 13.2/69/54% YoY for PSMC/INDU/HCAR.
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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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