Pakistan car sales plummet by 50% on import restriction

Sep 13

Automotive

Pakistan car sales plummet by 50% on import restriction

KARACHI: Pakistan car sales have plummeted by 50 per cent during first two months (July – August) 2022 owing to condition imposed for import of Completely Knocked Down (CKD) units. According to statistics released on Tuesday, the sales of major players fell to 23,498 units during first two months of the currency fiscal year as […]

by Faisal Shahnawaz

Pakistan car sales drop 59% in July 2022

Aug 12

Automotive, Top stories

Pakistan car sales drop 59% in July 2022

KARACHI: The total sales of car in Pakistan have dropped by 59 per cent Month on Month (MoM) in July 2022. The sales are also included non-members of Pakistan Automotive Manufacturers Association (PAMA). READ MORE: Pakistan car sales surge 54 per cent in FY22 Analysts at Topline Securities on Friday said Pakistan car sales (including […]

by Hamza Shahnawaz

Pakistan car sales surge 54 per cent in FY22

Jul 15

Automotive

Pakistan car sales surge 54 per cent in FY22

KARACHI: Pakistan car sales have surged by 54 per cent in fiscal year 2021/2022, according to data released on Friday. The car sales – as reported by Pakistan Auto Manufacturers Association (PAMA) on Friday – increased to 279,267 units in the fiscal year 2021/2022 as compared with 181,397 units in the preceding year. READ MORE: […]

by Faisal Shahnawaz

Pakistan car sales climb up by 50% in 11 months

Jun 13

Automotive, Top stories

Pakistan car sales climb up by 50% in 11 months

KARACHI: The sales of locally assembled cars in Pakistan have surged by 50 per cent during 11 months (July – May) of 2021/2022 as compared with the same period of the last fiscal year, according to data released on Monday. The car sales climbed up to 250,888 units in first 11 months of the current […]

by Hamza Shahnawaz

Car sales register 50% growth in 10MFY22

May 12

Automotive

Car sales register 50% growth in 10MFY22

KARACHI: The sales of domestic manufactured cars have registered a growth of 50 per cent during first ten months (July – April) 2021/2022. However, auto sales plummeted by 18 per cent Month on Month (MoM) to 22,370 units during April 2022 on the following grounds; increased car prices; and increased cost of financing, analysts at […]

by Hamza Shahnawaz

Pakistan considers fixing locally assembled car prices

May 3

Automotive, Top stories

Pakistan considers fixing locally assembled car prices

ISLAMABAD: The government of Pakistan is considering to fix prices of locally assembled cars in to order discourage abnormal price hike. According to an official statement on Monday, apropos frequent price hike of locally manufactured and assembled automobiles in past few months. READ MORE: OICCI suggests duty cut on locally manufactured cars Spokesperson has expressed […]

by Mrs. Anjum Shahnawaz

Car sales surge by 53% in nine months despite rupee fall

Apr 12

Automotive, Top stories

Car sales surge by 53% in nine months despite rupee fall

KARACHI: Sales of locally manufactured / assembled motor cars have registered 53 per cent growth during first nine months (July – March) 2021/2022 of the current fiscal year despite massive depreciation in rupee value. According to data released by Pakistan Auto Manufacturers Association (PAMA), the sales of locally assembled cars increased to 205,469 units during […]

by Faisal Shahnawaz

Investigation into high car prices in Pakistan ordered

Mar 31

Automotive, Top stories

Investigation into high car prices in Pakistan ordered

ISLAMABAD: A monitoring committee for automobile industry has directed investigation into massive increase in prices of motor cars in Pakistan during past few months. The meeting of monitoring committee for automobile industry met under the chairmanship of Federal Secretary for Industries and Production, Jawad Malik this afternoon. READ MORE: Pak Suzuki Motor declares Rs2.68 billion […]

by Mrs. Anjum Shahnawaz

Indus Motors estimates 15% sales dip on PKR fall

Mar 17

Automotive

Indus Motors estimates 15% sales dip on PKR fall

KARACHI: Indus Motors Company Limited has estimated up to 15 per cent decline in car sales this year due to massive depreciation in Pakistan Rupee (PKR) value. In a corporate briefing on Thursday, the Indus Motors informed that this year’s sales volumes remained impressive however, the company anticipates demand to receive a hit during 2022/2023 […]

by Hamza Shahnawaz

Pakistan’s car sales surge 56% in eight months of FY22

Mar 10

Automotive, Top stories

Pakistan’s car sales surge 56% in eight months of FY22

KARACHI: Pakistan’s car sales recorded a surge of 56 per cent during first eight months (July – February) 2021/2022, according to data released by Pakistan Auto Manufacturers Association (PAMA). The data revealed that 178,250 cars were sold during the first eight months of the current fiscal year as compared with 113,905 units in the corresponding […]

by Hamza Shahnawaz