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Pakistan Auto Sector Analysis Report:
Pakistan Auto sales have robust growth in the first quarter of the fiscal year 2022. That growth has happened after budget FY2022. The government has decreased taxes on automobiles, and manufacturing companies reduces the prices based on this tax cut. This is the main indicator behind the robust growth of the auto sector.
In Pakistan, transportation activity has increased in industrial manufacturing, which is also the reason behind the heavy vehicle’s sales growth.
Pakistan Auto market shows remarkable growth in all vehicle categories. Cars are sold 80.6% more than as compared to previous same period sales. Each car sales share is mentioned in the given below chart. The car sales chart is very interesting and informative.
As per PAMA (Pakistan Auto Manufacturing Association) sources, the Highest increment was seen in Suzuki Cultus sales, its sales rose from 3263 units to 10,114 units. This growth is more than 200% in sales units. The growth rate chart is given below for detailed information.
The jeep category has shown more than 100 % growth in 1QFY2022 compare to 1QFY2021. Total 3672 units have sold in the first quarter of FY2022, which is more than 2094 units as compared to previous quarter sales. The highest sales increase was seen in Toyota Fortuner vehicle, with a growth rate of 311%. Hyundai Tucson sales in the jeep category also rose by 192 %.
In the Light commercial vehicles (LCV) category, Suzuki Ravi showed the highest sales increment in the first quarter of the current fiscal year. Suzuki Ravi has sold more than double units compare to the same period last year sales. Overall LCV sales increase 95% in the first quarter of FY 2022.
The trucks category showed 100% growth in sales and Tractor’s category has the lowest sales growth compare to other peers’ categories. Tractor’s category showed only 12% growth in sales as compared to previous same period sales.
Disclaimer: This is not financial advice to invest in that particular coin/token /stock. It's just my own analysis based on history ,news and trends and anything can happen in Crypto/stock market anytime.
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Sources:
1: https://epaper.dawn.com/DetailNews.php?StoryText=13_10_2021_009_007
2: https://www.pama.org.pk/
3: https://www.brecorder.com/