Car sales in Pakistan surge by 55% in February

Atlas Honda Ltd (ATLH) sold 104,005 units in the motorbike category in Feb 2021, up 16% YoY.

Car sales grow 18pc to 13,882 in SeptemberThe sale of passenger cars, including KIA vehicles, surged 55% year-on-year (YoY) in February 2021.

According to data disclosed by the PAMA (Pakistan Automotive Manufacturers Association), PSMC (Pak Suzuki Motor Company Ltd.) once again took the lead with a massive 66% YoY increase in sales.

PAMA attributed this growth to a 162% increase in Alto and a 106% surge in Ravi sales, with Alto sales clocking in at 4,245 and Ravi at 1,268.

Among other industry leaders, Honda Atlas Cars Pakistan Ltd. (HCAR) registered a 13% YoY surge in sales, whereas Indus Motor Company (INDU) reported a 3% YoY drop.

New entrants into the South Asian country’s auto space, Hyundai Nishat and Lucky Motor (KIA) sold 651 units and 2,500 units in February 2021, respectively.

Meanwhile, on a month-on-month (MoM) basis, sales of passenger cars declined 6% in February 2021 as compared to January 2021.

“The decline came on the back of a decrease in INDU sales (-20% MoM), which was mainly due to seasonally high January sales and some supply-side disruptions,” PAMA stated.

Atlas Honda Ltd (ATLH) sold 104,005 units in the motorbike category in Feb 2021, up 16% YoY.

Moreover, tractor sales increased 42% YoY in Feb 2021 but were down 15% MoM.

Millat Tractors (MTL) recorded a growth of 49% YoY (-22% MoM), while Al-Ghazi Tractors (AGTL) sales increased 30% YoY (+7% MoM), respectively.

What are your views on this? Share with us in the comments below.

  • PAMA is spreading fake news about increase in sale, thus prompting more people to buy their cars as they want their cars to sell quickly before the big change comes to the automobile market in Pakistan.

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