During the first five months of financial year 2016-17, the local car assemblers saw a decline of 13% in automobiles including jeeps, commercial vehicles and vans.
According to the latest data released by PAMA (Pakistan Automotive Manufacturers Limited), automobile companies could sale 81,491 units during this period.
During month of November 2016, total 17,800 cars were sold that were 6% below the sale of the same month of previous year but it improved a bit in the later part due to taxi scheme.
The top three sellers were Toyota Corolla, Suzuki Mehran and Suzuki Bolan who managed to sell 5019, 3051 and 1799 units of cars respectively.
Despite the end of ‘Apna Rozgar’ scheme, the sales of cars in the current fiscal year 2016-17 will increase due to high local demands and they are expected to reach 21,000 units.
There was 25% declines in sales of Pak Suzuki in 5MFY 16 as it sold 43,553 units during the period. It was because of end of taxi scheme that declined the sale of ‘Ravi’ and ‘Bolan’ vehicles.
Indus Motor Company (IMC) has sold 23,783 units in 5MFY16 which shows the decline of 8%. The reason for this decline was production breakdowns of the company which the company just recovered in November this year.
But Honda showed the increase of 49% as it sold 14,155 units in 5MFY16. This reason for this increase was the manufacturing of 10th Generation Civic with turbocharged engine for the first time in Pakistan.
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