Pakistan's Automobile sales rise by 32% in Feb

Automobile sales registered a handsome growth of 32% year-on-year to 21,664 units in February 2022.

On a month-on-month basis, the sales increased by 5%, according to data released by the Pakistan Automotive Manufacturers Association (PAMA).

During the first eight months of current fiscal year, automobile sales registered an increase of around 56% year-on-year to 178,250 units.

Talking to The Express Tribune, Ismail Iqbal Securities analyst Muqeet Naeem underlined that the growth was led by vehicles below 1,000cc engine capacity, as Suzuki Alto sales doubled to 7,175 units.

However, vehicles of 1,300cc and above capacity showed a decline of 32% in sales, mainly led by the dip in sales of Corolla/ Yaris and City/ Civic by 34% and 37% respectively.