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Pakistan Automobile: Sales staging a strong comeback – By Foundation Research

  • By: Foundation Securities (Pvt.) Limited

  • - Published: Monday, 11 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Automobile (PC&amp;LCVs) sales surged 112% YoY (&uarr;27% MoM) in Oct&rsquo;24 to 13k units. During 4MFY25, sales have grown by a sizeable 50% YoY to 40,693 units given attractive auto financing schemes and declining interest rates. Total automobile sales clocked-in at 15,192 units (&uarr; 31/30% YoY/MoM) in Oct&rsquo;24. Player-wise breakdown unveils impressive volumetric jump of 2.4/3.3/4.0x YoY in INDU/HCAR/SAZEW respectively</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales showcasing robust recovery: The automobile sector witnessed a surge in sales during the month of Oct&rsquo;24 as 800/1300cc sales shot up 2.8/2.5x YoY. While sales of 1000cc segment depicted a modest growth of 8%. Duri...

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