The Pakistan Automotive Manufacturers Association (PAMA) has released carsales figures for January 2021. According to the figures gathered andshared by Topline Securities link, the auto sectorhas recorded a remarkable 17,515 vehicle sales in January 2021, which is upby 46 percent compared to the sales in January of last year.
Topline security’s report further suggests that if KIA’s sales are alsoadded to the equation, the percentage is bumped up to 67 percent on a Yearon Year (YoY) basis. It bears mentioning here that Lucky Motors – thecompany that reintroduced KIA in Pakistan – is still not a member of PAMA.
The data further shows that the Pak Suzuki Motor Company (PSMC) has onceagain taken the lead in sales volume, having sold 9,013 vehicles in January2021, recording a Month-on-Month (MoM) sales increase of 19 percent and aYoY sales increase of 62 percent.
Toyota Indus Motor Company (IMC) sold 5,452 vehicles in January 2021,recording a YoY sales increase of 36 percent and MoM sales increase of 36percent. Honda Atlas Cars sold a respectable 2,450 vehicles last month,recording an MoM sales increase of 39 percent and a YoY increase of 11percent.——————————
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Hyundai Nishat sold 515 vehicles during the same month, resulting in an MoMincrease of 1 percent in sales. Kia – which is not a member of PAMA – soldapproximately 2500 units last month as per the reports from Topline.
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Overall, car sales increased by 26 percent on an MoM basis in January of2021.
Here is how the automakers affiliated with PAMA performed in terms ofpassenger vehicle sales during January 2021 (excluding commercial vehicles):*Passenger Vehicle Sales (As Reported By PAMA)**PSMC**Passenger Cars* *Units Sold in December 2020*Cultus 1,470Alto 3,827Wagon R 1,316Bolan 986Swift 364*Toyota Indus*Corolla 1,525Yaris 2,992Fortuner 387*Honda Atlas*City & Civic 2,063BR-V 419*Hyundai Nishat*Tucson 387
With the new EV-policy for four-wheeled vehicles soon to be released, plusthe Automotive Industry Development and Export Plan (AIDEP 2021-26) alsosoon to be formed, the auto industry of Pakistan is in for a massiveparadigm shift. Whether or not it would serve the current automakers wellremains to be seen.
