Pakistan’s total auto output in January 2021 stood at 182,878 units, up by 19pc from 153,725 units produced in Jan 2020 and by 3pc from 177,613 units in December 2020, according to data released by the Pakistan Automotive Manufacturers Association (Pama).
The country’s total auto sales in the same month grew by 18.3pc to 185,651 units from 157,066 units in the previous year and by 6.2pc as compared to 174,734 units in the prior month.
Auto sales in Pakistan grew due to higher demand during January. New model launches in January also resulted in consumers buying more vehicles during the month.
Of the total, passenger car output in January grew by 20.5pc to 13,826 units from 11,475 units in the same month in the year prior and by 20.1pc from 11,514 units in the preceding month.
Passenger car sales in Jan stood at 14,543 units, up by 44.1pc from 10,095 units sold in the previous year and by 29.3pc as compared to 11,247 units sold in December 2020.
Pakistani auto companies in January produced 2,901 units of light commercial vehicles (LCVs), vans, and jeeps, 131.7pc higher from 1,252 units in the year before and up by 7.6pc from 2,696 units in the month before.
Sales in Jan grew by 59pc to 2,972 units from 1,869 units in the preceding year and by 9.7pc from 2,709 sold units in Dec 2020.
Buses and trucks
Bus and truck output in January fell by 38.1pc to 232 units from 375 units the prior year and by 16.8pc as compared to 279 units produced in the previous month.
Bus and truck sales stood at 363 units, down by 18.2pc from 444 units in Jan 2020 but grew by 6.1pc as compared to 342 units in the preceding month.
Two and three-wheelers
Pakistan’s two-wheeler and three-wheeler production in January stood at 162,308 units, up by 16pc from 139940 units produced in the year before and by 2.1pc as compared to 158,928 units in the previous month.
Sales for the same in Jan rose by 14.1pc to 162,564 units as compared to 142,445 units in the preceding year and by 3.5pc from 157,116 units sold in Dec 2020.
The country’s tractor production in January increased significantly by 428.7pc to 3,611 units from 683 units produced in Jan 2020 but fell by 13.9pc as compared to 4,196 units in the prior month.
Sales for the same were up by 135.4pc to 5,209 units as compared to 2,213 units in the preceding year and by 56.9pc from 3,320 units sold in the previous month.
The bullish sales momentum is expected to continue in Pakistan’s auto sector due to lower interest rates and an improving economy, resulting in better purchasing power of the consumers, as per media reports. The demand for cars is projected to grow stronger in the coming months.