Car sales rise 29% in October in Pakistan

As Pakistan’s economy moves to recoup losses borne on account of COVID-19, the automobile sector has registered modest growth with two out of the three main automakers reporting sharp increase in sales

Nov 12, 2020
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As Pakistan’s economy moves to recoup losses borne on account of COVID-19, the automobile sector has registered modest growth with two out of the three main automakers reporting sharp increase in sales.

According to the Pakistan Automotive Manufacturers Association (PAMA), car sales rose 29% to 14,054 units in October 2020 compared to 10,853 units in October 2019.

Topline Securities analyst Fawad Basir pointed out that if sales of Lucky Motor Corporation (non-member of PAMA) were added to the equation, car sales would be up 43% on a year-on-year basis.

Indus Motor Company reported the highest rise in sales as it dispatched 120% more units in October 2020 compared to October 2019. The company sold 5,481 cars last month compared to 2,496 cars in same month last year.

https://tribune.com.pk/story/2271949/car-sales-rise-29-in-october

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