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