KARACHI: Barring heavy commercial vehicles (HCVs), the entire auto sector gave a brisk performance during the first half of current fiscal year (1HFY21) on account of low interest rates and better farm incomes.
Buyers purchased more number of vehicles despite rising price trend in vehicles amid low cost of imports owing to a stronger rupee against the dollar from the last week of August 2020 — at Rs168 — compared to the current rate of Rs160 in the inter-bank market.
Car sales jumped by 13.4 per cent to 67,026 units followed by 134pc in jeeps, 32.4pc in light commercial vehicles (LCVs), 43pc in farm tractors and 19pc in two/three-wheelers.
According to the figures released by Pakistan Automotive Manufacturers (Pama), Honda Civic/City had left its rivals far behind by posting a sales jump of 73pc to 11,958. The second highest rise of 28pc was recorded in Suzuki Bolan with sales of