ANL 34.00 Increased By ▲ 0.90 (2.72%)
ASC 14.90 Increased By ▲ 0.55 (3.83%)
ASL 25.10 Increased By ▲ 0.62 (2.53%)
AVN 92.20 Decreased By ▼ -0.30 (-0.32%)
BOP 9.14 Increased By ▲ 0.08 (0.88%)
BYCO 9.85 Increased By ▲ 0.15 (1.55%)
DGKC 134.70 Increased By ▲ 2.51 (1.9%)
EPCL 50.62 Increased By ▲ 0.52 (1.04%)
FCCL 24.63 Increased By ▲ 0.33 (1.36%)
FFBL 25.86 Increased By ▲ 1.46 (5.98%)
FFL 15.49 Increased By ▲ 0.47 (3.13%)
HASCOL 10.56 No Change ▼ 0.00 (0%)
HUBC 86.33 Increased By ▲ 1.23 (1.45%)
HUMNL 7.02 Increased By ▲ 0.27 (4%)
JSCL 25.65 Increased By ▲ 0.40 (1.58%)
KAPCO 41.55 Increased By ▲ 2.80 (7.23%)
KEL 4.02 Increased By ▲ 0.04 (1.01%)
LOTCHEM 14.45 Increased By ▲ 0.02 (0.14%)
MLCF 46.42 Increased By ▲ 0.54 (1.18%)
PAEL 37.25 Increased By ▲ 0.55 (1.5%)
PIBTL 11.70 Increased By ▲ 0.27 (2.36%)
POWER 10.25 Increased By ▲ 0.10 (0.99%)
PPL 90.90 Increased By ▲ 1.20 (1.34%)
PRL 26.86 Increased By ▲ 0.61 (2.32%)
PTC 8.71 Increased By ▲ 0.11 (1.28%)
SILK 1.35 No Change ▼ 0.00 (0%)
SNGP 42.71 Increased By ▲ 1.31 (3.16%)
TRG 146.10 Increased By ▲ 3.00 (2.1%)
UNITY 30.20 Increased By ▲ 0.41 (1.38%)
WTL 1.41 Decreased By ▼ -0.01 (-0.7%)
BR100 4,965 Increased By ▲ 76.98 (1.57%)
BR30 25,754 Increased By ▲ 477.72 (1.89%)
KSE100 45,837 Increased By ▲ 558.82 (1.23%)
KSE30 19,174 Increased By ▲ 275.54 (1.46%)
Business & Finance

Car sales jump 48pc in November YoY

  • Indus Motor Company (IMC), Honda Car (HCAR) and Pak Suzuki Motor Company (PSMC) registered sales increase of 87% YoY, 72% YoY and 16% YoY respectively.
12 Dec 2020

The car sales as per the latest figures issued by Pakistan Automotive Manufacturers Association (PAMA), increased by 48 % Year-on-Year (YoY) in November 2020 to 14, 454 units.

Indus Motor Company (IMC), Honda Car (HCAR) and Pak Suzuki Motor Company (PSMC) registered sales increase of 87% YoY, 72% YoY and 16% YoY respectively. This is the first year increased in FY21 for PSMC as the production issues have been resolved.

Car sales increased by 3% Month on Month in November 2020. The increase was driven by PSMC increase of 12% MoM as Cultus sales grew by 86% MoM followed by Ravi sales improving by 255% MoM. Honda car sales were the same as last month Indus Motor volume declines by 10% MoM.

“We expect demand for cars to grow stronger owing to low-interest rates environment and pickup in economic activity,” said Topline Securities.

New entrants to Pakistan Auto space Hyundai Nishat sold 472 units witnessing a 63 % increase MoM in November 2020, while Lucky Motor sold around 1,500 units informed Topline.

Atlas Honda recorded motorbike sales of 108,005 units in November 2020 up 14% YoY in 5MFY21, sales have increased by 19% YoY.

Tractor sale in November 2020 are up 77% YoY while decreasing by 28% MoM.