Sunday, April 21, 2024

Suzuki Swift Sales Skyrocket By 1200% In March

According to the most recent statistics provided by the Pakistan Automotive Manufacturers Association (PAMA), automakers (association members only) sold a total of 9,351 automobiles in March 2023, a year-over-year (YoY) reduction of 66% but a month-over-month (MoM) increase of 54%.

Toyota Indus Motor Company (IMC) sold one thousand nine hundred twelve vehicles, representing a 6% MoM increase in sales. Pak Suzuki Motor Company (PSMC) sold a commendable 5,628 cars, recording a significant gain of 475% in monthly sales, compared to Honda Atlas Cars Limited (HACL), which saw a 49% MoM fall in sales of automobiles.

Last month, Hyundai Nishat Motors Private Limited (HNMPL) sold 836 vehicles, a 34% MoM decline in sales. Tucson continued to be the company’s top choice The following list includes several well-known cars’ monthly sales:

Sales of passenger vehicles
Passenger Vehicles Units Sold in February 2023 Units Sold in March 2023 Month-on-Month % Difference
PSMC
Cultus 72 475 560%
Alto 544 2,542 367%
Wagon R 93 489 462%
Bolan 91 782 759%
Swift 67 877 1,209%
Toyota IMC
Corolla and Yaris 1,091 1,119 3%
Fortuner and Hilux 712 793 11%
Honda Atlas
Civic and City 1,244 611 -51%
HR-V & BR-V 392 224 -43%
Hyundai Nishat
Tucson 708 380 -46%
Elantra 243 188 -23%
Sonata 197 118 -40%

The car sector has had to raise prices as a result of local currency instability and tax increases. A number of significant automakers, including Honda, Suzuki, and others, have raised the pricing of their automobiles by considerable margins.

This prognosis makes the fate of the auto industry seem dismal for the foreseeable future.

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