Auto sales surge 80pc in 1st quarter of fiscal year 2022

The auto industry is booming after cut in prices after the announcement of budget FY22. The increase in the transportation activity in the country has been a deciding factor in the increase of auto sales in the country.

According to the data provided by Pakistan Auto­motive Manufacturers Association (PAMA), a total of 57,539 cars were sold in July-September period of 2021-22 versus 31,868 units in the same quarter last year.

In the 1,300cc and above segment, Toyota Corolla showed 83pc jump in sales to 6,596 units in 1QFY22 from 3,614 units in the same period last year. Honda Civic/City and Toyota Yaris sales posted a growth of 20pc each to 7,793 and 7,240 units from 6,483 and 6,009 units in 1QFY22.

The sales of new PAMA members —Hyundai Elantra and Sonata — stood at 724 and 496 units in the first quarter of the current fiscal year. In 1,000cc category, Suzuki Cultus and WagonR sales grew massively by 210pc and 123pc, respectively, to 10,114 and 5,488 units as compared to 3,263 and 2,460 units in 1QFY21. In below 1,000cc segment, Suzuki Alto 660cc excelled with 105pc jump to 15,681 units from 7,651 units followed by 67pc rise in Bolan sales to 2,941 from 1,758 units in 1QFY21.

In jeeps, Toyota Fortuner sales swelled by 311pc to 1,601 units from 390 while Hyundai Tucson and Honda BR-V sales soared to 692 and 1,379 units from 237 and 952 units, up by 192pc and 45pc, respectively, compared with 1QFY21.

In two-wheel sector the total sales stood at 449,468 units as compared to 448,736 units as Chinese bike assemblers face dwindling demand in contrast to soaring sales of Japanese bike assemblers.