Record Auto Sales in July 2017!
Auto numbers disclosed by Pakistan Automobile Manufacturers’ Association (PAMA) uncover a 41% YoY hop in Total Car and Light Commercial Vehicle (LCV) deals in the long stretch of Jul-17, with add up to volumes checking in at a record 19,577 units, contrasted with 13,932 units in Jul-16.
Volumes for each of the three auto constructing agents saw development amid the month, drove by Honda Atlas Cars (HCAR), which posted 113% YoY development in unit deals, attributable to:
- effect of as of late propelled BR-V, and
- surging interest of the new Civic model.
Pak Suzuki Motor Company (PSMC) likewise recorded the solid development of 37% YoY on the back of:
- in number interest for the new Cultus (up 66% YoY) and proceeded with interest for Wagon-R (up 77% YoY), and
- resurgence sought after amid the month for LCVs.
Indus Motor Company (INDU) likewise recorded development in volumes, mostly by virtue of gigantic 543% YoY development in the patched up Fortuner, while Corolla and Hilux delineated development of 5% YoY and 3% YoY, which can be halfway inferable from the low base impact as Eid occasions matched with Jul-16. In different portions, Tractors emerged with 125% YoY development in Jul-17, with both Millat Tractors (MTL, 115% YoY) and Al-Ghazi Tractors (AGTL, 147% YoY) recording amazing surge in volumes.
INDU remain the most loved in the Auto universe with a TP of Rs2,316. Revamped Corolla variations to help support the organization’s volumes, while late cost increments in almost every one of its models are an impression of the organization’s valuing power.