Automakers across Pakistan have been thriving despite persistentsupply-chain issues such as the shortage of the semiconductor microchip andraw materials, price hikes, and increased freight charges, which have alsoled to a new series of price hikes.
Data from the Pakistan Automotive Manufacturers Association (PAMA) showsthat the production of cars increased by 71 percent in the first fourmonths of the 2021-22 fiscal year. Additionally, the carmakers collectivelyproduced 74,952 units between July 2021 and October 2021 as opposed to43,865 units during the same period last year.
Honda Atlas Cars Limited’s (HACL) production climbed up from 8,341 units to10,444 units, resulting in a 25 percent increase in production on ayear-over-year (YOY) basis.
The production figures of the Toyota Indus Motor Company’s (IMC) mostfamous cars — the Corolla and the Yaris — increased from 13,356 units to19,214 units, which was a 44 percent increase in production on a YOY basis.
The Pak Suzuki Motor Company’s (PSMC) production also went up, with theexception of the Suzuki Swift which was finally discontinued in Pakistan afew months ago.
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The Alto performed the best out of all the cars in Pakistan in terms ofdemand, as its production rocketed by 97 percent, going from 10,544 unitsbetween July and October of FY 2020-21 to 20,773 units during the sameperiod in the current fiscal year.
The recent figures imply that the Pakistani car industry has not beenimpacted by the scarcity of the semiconductor microchip and the othersupply chain issues. Although the automakers had to suspend the bookings ofseveral vehicles to adapt to the ongoing concerns, the steady demand forvehicles had prompted high production numbers.
However, the recent price hikes might affect the rising demand forvehicles, but whether this happens will be revealed soon.
