Passenger cars sales surge by whopping 81% in 1QFY22

October 12, 2021 (MLN): The number of passenger cars sold in the country witnessed an upsurge of whopping 81% YoY to 57,539 units during 1QFY22 on the back of the announcement of duty and tax relief in the federal budget fiscal accompanied with reduction in car prices.

The sale and production of passenger cars in Pakistan have increased in the month of September 2021, according to the monthly data released by Pakistan Automotive Manufacturers Association (PAMA).

The sale of passenger cars has surged by 60%YoY and 6% MoM to clock in at 18,971 units during the month of September 2021.

According to a monthly report, the total production of passenger cars was recorded at 19,032 units in September 2021.

Going by the report, the maximum number of sales were made within the '1300 cc and Above' category at 8,803 units, up by around 42%YoY. Within this category, Honda Cars (Civic and City) beat Toyota Yaris as it recorded the highest sales at 3,367 units while later registered the sales of 2,515 units. This was followed by Toyota Corolla, Hyundai Elantra, Hyundai Sonata and Suzuki Swift which sold 2,334, 309, 191 and 87 units, respectively.

The second-highest number of sales was made within the 'Below 1000cc' category at 5,434 units i.e. 46% YoY. In this segment, Suzuki Alto recorded the highest sales at 4,540 units, followed by Suzuki Bolan that sold 894 units in the month of September 2021.

Similarly, the '1000 cc' category also witnessed a volumetric growth of nearly 2.4x YoY to clock in at 4,734 units in the month of September 2021. Within this category, Suzuki Cultus recorded the highest sales at 3,056 units, followed by Suzuki WagonR which sold 1,678 units.

The total sale of Trucks during the month stood at 466 units, up by 36% YoY. Isuzu emerged as the best-selling truck, with sales of around 202 units during the month, followed by MASTER with 161 units. HINO and JAC made sales of 81 units and 22 units, respectively.

On a cumulative basis, the total trucks sold during the first quarter of FY22 were recorded at 1,570 units.

The overall sale of buses was recorded at 41 units, which signifies a decrease of 5% as compared to the same period last year. Within this segment, MASTER and HINO both made the maximum sales at 19 units while Isuzu recorded sales of 3 units during the month of September 2021. During 1QFY22, the total sales of buses clocked in at 141 units.

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