Pakistan Autos: Outlook for OEM sales improving; tractors/trucks continue to impress
​Pakistan Auto Industry sales posted a growth of 24%YoY in Feb’17 driven mainly by HCAR’s Civic and PSMC’s Cultus and Wagon-R. Robust demand for automobiles is likely to be a result of an all time high auto financing in the country (up 33% YoY).
Pakistan Tractors posted a phenomenal 77% YoY growth in 8MFY17 suggesting strong buying power in the rural sector, which is aided by lower tractor retail prices following GST reduction in FY17 budget.
GHNI (volumetric sales up by 103%YoY for 8MFY17) showed phenomenal sale again, clocking in at 250 for Feb’17 primarily led by growth in truck segment as a result of ongoing robust public and private sector investment.
Intermarket Securities Limited (IMS) is a full service corporate brokerage firm based in Karachi, Pakistan. We service both domestic and international clients. IMS was ranked #2 Best Local Brokerage and #3 Best for Overall Country Research for 2016 by AsiaMoney.
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