Sunday, April 21, 2024

Pak Suzuki Sets New Highest Sales Record in Pakistan

According to reports, the increase in sales is due to a decrease in the rate of interest on car loans and a recent decrease in vehicle pricing.

Pak Suzuki Motor Company (PSMC) has set a new record for monthly sales in Pakistan’s automotive industry. Over 15,200 vehicles were sold by the end of July 2021, according to the business.

According to sources, the firm is increasing production to meet the rising demand for its vehicles. PSMC will continue to hold the greatest market share in Pakistan as long as it is the only manufacturer of a variety of small city cars.

One of the key reasons for the large figures is that the Japanese automaker faces little to no competition in the Pakistani vehicle sector. That theory is supported by the fact that PSMC presently has a 66 percent market share in the automotive sector and has sold 37,730 Alto units in the fiscal year 2020-21.

PSMC saw a massive MoM sales fall of 39 percent in June, selling only 5,106 units. However, the sales fall was caused by a restricted quantity of units being created due to COVID-19-related issues worldwide.

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