Day: June 16, 2021

Car sales witness 247 per cent growth in May 2021

Car sales in Pakistan have witnessed a steep growth of 247 per cent in May 2021, compared to the same period last year in May 202, when there was a lockdown due to covid-19.

As per the data released by the Pakistan Automotive Manufacturers Association (PAMA), a total of 15,696 units were sold by the automakers in May 2021 against 4,527 units in May 2020.

While on a month-on-month basis, auto sales have dropped by 9 per cent due to the impact of double digit inflation rate.

A JS Global report has revealed that the Pak Suzuki Motor Company (PSMC) has enjoyed a robust sales growth of 131 per cent year-on-year, recording total sales of 8,307 units in May 2021. “Alto contributed 41 per cent to the company’s unit sales,” said the report.

 

It added, “Sales of Indus Motor Company jumped by 755 per cent year-on-year to 4,676 units as

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Car makers demand smooth trade links ‘closer to home’ after Australia agreement

Car makers have called for smooth links “closer to home” following the UK’s free trade deal with Australia.



a person standing next to a car engine: Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)


© Martin Rickett
Car makers have called for smooth links ‘closer to home’ following the UK’s free trade deal with Australia (Martin Rickett/PA)

Figures released by the Society of Motor Manufacturers and Traders (SMMT) show the UK sold 20,000 cars to Australia in 2019, compared with 578,000 to the EU.

A Downing Street statement claimed the agreement with Australia means car makers in the Midlands and northern England will see “tariffs of up to 5% cut, boosting demand for their exports”.

SMMT chief executive Mike Hawes said: “Australia is an important growth market and the industry welcomes the agreement in principle of a trade deal between the two countries.

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“If tariffs can be

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