According to the data, the auto sector has recovered somewhat from the months after the close, with 13,984 vehicles sold in September 2020, representing an increase of 20% over a month (monthly) and 10%. more than a year. year. Increase (year after year).
Data released by Topline Securities further shows that Pak Suzuki Motor Company (PSMC) sales were up 8% month-on-month, while sales were down 20% year-over-year. the other. Toyota Indus Motor Company (IMC) continues a strong upward trajectory, with sales up 106% year-on-year and a 32% monthly increase in sales.
Honda Atlas Cars also experienced promising growth, with sales up 20% month-on-month and 87% year-on-year. One of PAMA’s entrants, Hyundai Nishat, has sold 215 units of the Tucson and 101 units of the Porter, selling a total of 316 vehicles by September 2020.
In general, this is how all manufacturers have fared in terms of sales:
Surprisingly, as can be seen from the table, Honda Atlas and Toyota BMI continue a steep upward trajectory, while Suzuki continues to see a downward trend for the second consecutive month year on year. Hyundai experienced quite decent growth from last month, but not quite as well as Kia, which still has strong sales figures.
However, market dynamics are likely to take a hard hit as new carmakers arrive, and already existing carmakers are also planning something new to offer early next year. Whether the change is for the better or not, we have yet to see.