KARACHI
The total car sales of the local manufacturers and assemblers enhanced to 172,911 units, up by 3.12 per cent in last eleven months of the current fiscal year compared to 167,507 units sold in the same period last year, the data revealed by Pakistan Automotive Manufacturers Association (PAMA) here on Monday.
Car sales have increased despite the inclusion of Punjab taxi scheme, while sales of Suzuki Motors Company have declined by 2.199 per cent only because of Punjab taxi scheme in 2015-16.
In May 2017, the automotive industry sold 17,478 units up by 12.5 per cent compared to 15,278 units sold in May 2016 and up by 9.24 per cent or 15,863 units compared to April 2017.
“Auto sales continued to witness robust growth in eleven-month of current fiscal year (ex-Taxi scheme),” analyst said. According to analyst car sales in 2016-17 will stand firm at 270,000 units, including imports of 60,000 units.
In May 2017 car sales (including LCV’s and Jeeps) came at par with the expectations,” the analyst said. On an MoM basis, sales registered a growth of 3.12 per cent.
Pak Suzuki Motor Company’s (PSMC) volumes remained strong (ex-Taxi scheme) due to robust sales volumes of Wagon-R and Bolan in 11-months 2016-17. Wagon-R reached new heights with 16,006 units during the said period.
The PSMC sold 88,347 car units in last eleven months down by 2.19 per cent compared to 90,290 car units sold in same period 2015-16. The major reason for this decline was the Taxi scheme of Punjab government, the analyst said.
‘Cultus’ production increased to 2,012 units (21 per cent MoM) as PSMC launched its new ‘Celerio’ named as ‘New Cultus’ in April this year. For the first time ever, ‘Wagon-R’ sales crossed 1,927 in May 2017.
Indus Motors (INDU), despite its operational issues in the plant, sold its 49,667 units in July-May 2016-17 up by 37.56 per cent compared to 53,410 units sold in the same period last year. In May 2017, it sold 4,220 units compared to 5,207 units in May 2016.
Honda Car (HCAR) sales continued its upward trend in the market and it sold 34,896 units throughout the country up by 31.79 per cent, compared to 23,800 units sold in the same period last year. Moreover, it also sold new brand ‘BR-V’ 1,403 units till May 2017.
Tractor manufacturers continued to witness buoyancy in sales with off-take growing by 39.4 per cent in eleven months 2016-17. The analysts said better off-take during FY17 on the back of lower retail prices (reduced GST) and improving crop yield, while the continuation of fertilizer subsidy will further support liquidity among farmers.
Volumes of two and three wheelers continued to post growth on the back of improvement of law and order situation in the country.
