It’s that time of the year when every automaker in the Pakistani auto industry calculates its sales and profits. After Honda Atlas and Toyota Indus, we now know the profit numbers of Pak Suzuki, which are shocking and not in a good way.
Pak Suzuki Motor Company (PSMC) has announced its financial results for the first half of 2021, and here are the key numbers.
During the first six months of 2021 (Jan to June), PSMC sold 50,096 units against 21,116 units sold during the same period last year.
The company posted net sales revenue of Rs. 66.11 billion during the first half of 2021. Compared to Rs. 27.47 billion sales during the first half of 2020, the growth factor is 141%.
Pak Suzuki earned a profit of Rs. 1.2 billion during the first half of 2021 after a loss of Rs. 2.46 billion in the same period last year.
Toyota Indus vs Honda Atlas vs Pak Suzuki
For the record, Toyota Indus sold 57,731 units in a year (July 2020 – June 2021) and earned a profit of Rs. 12.82 billion.
On the other hand, Honda Atlas produced 7,826 units in three months (April 2021 – June 2021) and earned a profit of Rs. 1.6 billion.
Pak Suzuki sold 50,096 units in six months (Jan 2021 – June 2021) and earned a profit of Rs. 1.2 billion.
Although the period of these three companies is not the same, the difference in profit numbers is still shocking. The reason why Pak Suzuki sold the highest number of cars and still earned the least profit could be because Suzuki has only small cars in Pakistan with less profit margins while Toyota and Honda have bigger cars with more profit margins.
Why do you think Suzuki, the largest auto manufacturer in Pakistan, is behind Toyota and Honda in profit figures? What’s your take on this? Share with us in the comments.