Pakistan Autos_ Another milestone for INDUS, (AKD Daily, Nov 12, 2021)
AKD Daily
Pakistan Autos: Another milestone for INDUS
- The total industry sales in Oct’21 clocked in at 26,847 units (+42%YoY) compared to 27,119 units in Sep’21 (-1%MoM). The sales consisted of 17,413 passenger cars, growing by 45%YoY but down 8%MoM. Other sales consist of 3,589 LCVs (+10%MoM/+72%YoY), 441 trucks (-5%MoM/+37%YoY) and 5,361 tractors (+22%MoM/20%YoY).
- 4MFY22 total industry sales ballooned by 61%YoY to stand at 109,238 units which consist of 74,961 passenger cars (+71%YoY), 14,954 LCVs (+97%YoY), 1,780 trucks (+61%YoY), and 17,386 tractors (+15%YoY). The volumes in 4MFY22 remain all time high on the back of budgetary measures, handsome GDP growth, low interest rate environment and rising farmers’ income.
- Amongst major OEMs, INDU led the pack with 6,897 units (+10%MoM/+26%YoY), hitting all time high monthly volumes. PSMC registered sales of 10,247 units up 69%YoY but a slight decline of 8%MoM basis due to lower offtake in Cultus and Wagon-R. Similarly, HCAR remained laggard with 2,658 (-27%MoM/+19%YoY) units due to maintenance shutdown of its plant. During 4MFY22, the sales of INDU/PSMC/HCAR stand at 25,543/48,687/11,830 units, up 49/107/22%YoY.
- Displacement wise, the 800cc segment depicted growth of 13%MoM/72%YoY at 6,163 units while 1,300cc segment depicted slight decline of 2%MoM but grew by 34%YoY. In contrast, 1,000cc segment contracted by 44%MoM to stand at 2,631 units (+31%YoY).
AKD Research
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
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