Skip to main content

Auto sales witness 15 percent growth


































































































Thursday, 12 Apr 2012 
 

Auto sales witness 15 percent growth

April 12, 2012
RECORDER REPORT
PrintPDF
Business Recorder Logo The auto sales in the nine-month period of FY12 increased to 128,217 units witnessing a healthy growth of 15 percent on year-on-year basis against the sales of 111,269 units in the corresponding period last year.

Similarly on monthly basis, the auto sales grew by 12 percent to 16,665 units in March 2012 against 14,940 units sold in the previous month.
"Overall sales were higher because of the low-based effect while upsurge in the sales on monthly basis can be attributed to prompt deliveries by PSMC to the government of Punjab," Sarfraz Abbasi, senior analyst at Summit Capital said.
According to Pakistan Automotive Manufacturers Association's (PAMA) data, Pak Suzuki Motor Company Limited (PSMC) witnessed a 32 percent growth to 81,360 units in the nine-month period as against the sales of 61,693 units in the same period last year.Highest growth of 87 percent was observed in the sales of Suzuki Swift with 5,201 units as against 2,774 units in the same period last year.
Suzuki Cultus under the domain of 1000cc segment, witnessed a handsome 27 percent growth in its sales to 10,598 units against 8,354 units in the same period last year, followed by Suzuki Alto, whose sales also experienced a massive 26 percent growth to 11,818 units against 9,395 units in the same period last year.Above all, Suzuki Mehran and Suzuki Bolan posted a growth of 34 percent and 48 percent respectively, primarily because of timely deliveries to the government of Punjab on account of yellow cab scheme, he said.
Indus Motor Company Limited witnessed a 4 percent growth in its sales to 38,858 units in the nine-month period against 37,259 units in the same period last year.Hilux, under pick up segment, led the company's sales with a huge 61 percent increase to 2,858 units against 1,776 units in the same period last year.
Toyota Corolla posted an increase of 6 percent to 32,814 units as against 30,820 units in the same period last year.
Cuore remained the only segment of the company, whose sales experienced a substantial decline of 32 percent to 3,186 units as against sales of 4,663 units in the same period last year.Honda Atlas Cars Pakistan Limited (HCAR) witnessed a biggest decline of 34 percent in its sales with 7,999 units sold in the nine-month period against 12,114 units in the same period of previous year.
The plunge in the sales of Honda Cars was primarily because of the substantially lower sales of its brands Honda City and Civic.Sales of Honda Civic declined by 27 percent to 3,747 units as against the sales of 5,151 units; while sales of Honda City decreased by 39 percent to 4,252 units as against 6,963 units in the same period last year.
The main reason behind overall decline in sales of the company was the suspended operations owing to unavailability of auto parts due to devastating floods in Thailand from where the company imports CKD kits.
 

Comments

Post a Comment

Popular posts from this blog

Dark days for fertiliser industry continue

Dark days for fertiliser industry continue Published: December 28, 2011 Sales of urea, the most widely used fertiliser, declined by 5% in the period from January to November 2011 due to persistent gas outages faced by manufacturers which has led to a drop in production levels. The four plants which are on the Sui Northern Gas Pipelines Limited network remained the main victims of the chaotic situation due to gas shortage. The dark days are expected to continue as the government in a new gas load management plan has agreed to cut-off gas supply to the four plants on the SNGPL-based pipeline. The four plants include Engro Corporation’s Enven, Pak-Arab Fertilizer, Agritech Fertilizer and Dawood Hercules Fertilizer. Similarly, another fertilizer, di-ammonia phosphate (DAP) witnessed a decline in sales by 18% to 1.01 million tons on a yearly basis against 1.24 million tons in the same period last year, according to data released by National Fertiliser Development Centre on Tuesday....
Post a Comment
Read more

Corporate results: Pak Suzuki posts lower than expected results

                           Corporate results: Pak Suzuki posts lower than expected results By  Farhan Zaheer Published: October 31, 2013 Pak Suzuki sold 59,292 cars in 9MCY13 compared to 69,589 in the same period of last year, down by a significant 15% YoY. PHOTO: FILE KARACHI:  Pak Suzuki Motor Company – the biggest automobile manufacturer by market share in Pakistan – has posted a handsome earning of Rs371 million in the July-September quarter, against a loss of Rs193 million in the corresponding period last year. The company recorded per share earnings of Rs4.51 in the third quarter of 2013 against a loss per share of Rs2.35 last year. In comparison to the third quarter of previous year, the company’s gross profit increased significantly to Rs890 million against a negative growth of Rs49 million. However analysts had projected better results, blaming the ...
Post a Comment
Read more

Car sales surge by 20.5 per cent

Car sales surge by 20.5 per cent Aamir Shafaat Khan   | Business |  From the Newspaper (13 hours ago) Today Nauman Khan of Top Line Securities said December 2011 sales declined as buyers preferred to defer orders due to year end phenomenon. - File photo KARACHI : Car sales in the first half of current fiscal year went up by 20.5 per cent amid negative developments including the government’s decision to impose a ban on CNG kits and cylinders, suspension in production of Honda Civic and City and increase in prices of all vehicles. According to figures shared by the Pakistan Automotive Manufacturers (PAMA), consumers purchased 12,240 more cars in July-December 2011 to 71,886 units as compared to 59,646 units in the same period of 2010. Increase in production of Suzuki Mehran and Suzuki Bolan for onward supply to Punjab government’s Yellow Cab Scheme was the main reason that averted the negative impact of ban on ...
Post a Comment
Read more