KARACHI: Pakistan’s Auto Industry faces big setback in the year 2019 interms of sale.
Pakistan’s auto sector continued to show dismal performance during thefirst seven months of 2019-20 with cars sales plunging by 44 per centyear-on-year, reported the data released by Pakistan AutomotiveManufacturers Association.
The rest of the segments followed as trucks sales dipped by 44.8pc, buses30.6pc, jeeps 49.7pc, LCVs (pickups) 47.3pc, farm tractors 37.6pc and two-and three-wheelers 11pc.
However, the figures for January showed a reverse trend as car sales wentup to 10,095 units, edging up 1.08pc over 9,987 units in December 2019whereas over the seven-month period, they nosedived to 69,192, from 123,391units in 7MFY20.
There was a massive improvement in Honda Civic/City car sales in January2020 as they rose to 1,878 units from 884 in December 2019 but these twomodels faced an overall drop in 7MFY20 by 66pc to 8,797, as compared to25,810 units in same period last fiscal year.
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Toyota Corolla sales fell 54pc in 7MFY20 to 15,187 units while increased to3,445 in January versus 2,085 units in December 2,019.
Suzuki Swift sales came down by 54pc to 1,280 units in 7MFY20 and 48pc to144 in January from 277 units in December last year.
