Pakistan's Auto Industry faces big setback
KARACHI: Pakistan's Auto Industry faces big setback in the year 2019 in terms of sale.
Pakistan’s auto sector continued to show dismal performance during the first seven months of 2019-20 with cars sales plunging by 44 per cent year-on-year, reported the data released by Pakistan Automotive Manufacturers Association.
The rest of the segments followed as trucks sales dipped by 44.8pc, buses 30.6pc, 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 went up to 10,095 units, edging up 1.08pc over 9,987 units in December 2019 whereas over the seven-month period, they nosedived to 69,192, from 123,391 units in 7MFY20.
There was a massive improvement in Honda Civic/City car sales in January 2020 as they rose to 1,878 units from 884 in December 2019 but these two models faced an overall drop in 7MFY20 by 66pc to 8,797, as compared to 25,810 units in same period last fiscal year.
Toyota Corolla sales fell 54pc in 7MFY20 to 15,187 units while increased to 3,445 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 to 144 in January from 277 units in December last year.