Cars sale rises, tractors dip in 1st Q

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Cars sale rises, tractors dip in 1st Q

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The automobile sector registered growth during first three months of current fiscal year.

11 October,2011 09:14 pm

The production of vehicles surged by 5 percent, while its sale increased by 30 percent during first quarter as compared with last year.The tractor industry was hit by imposition of 16 per cent GST in March, thus making growers and farmers reluctant to pay additional price.Even rising prices of locally produced cars and high cost of fuel (petroleum products and CNG) did not make any adverse impact on vehicle sales.Pak-Suzuki Motor Company Limited (PSMCL) raised the prices by Rs14,000-30,000 followed by two to four per cent by Indus Motor Company (IMC).Honda City also became costlier by Rs25,000 while Civic price was raised by Rs38,000. Pakistan Automotive Manufacturers Association (PAMA) claimed rise in overall car sales to 38,065 units in July-September 2011 as compared to 30,030 units in the same month of last year.Overall sale of costly cars (1,300cc and above) rose to 16,936 units as compared to 14,949 units. Sale of Honda Civic, Honda City and Toyota Corolla stood higher at 1,710, 2,562 and 10,682 units as compared to 1,558, 2,274 and 10,371 units respectively. Suzuki Swift sales also surged to 1,826 units from 673 units.In 1,000cc segment, overall car sales jumped to 7,343 in July-September 2011 from 5,679 units in the same period of last year in which sales of Suzuki Cultus and Suzuki Alto swelled to 3,710 and 3,633 units from 2,860 and 2,819 units respectively.Increase in Suzuki Mehran sales to 8,415 units from 5,356 units made a positive impact on overall sales of 800cc and below 1,000cc cars which rose to 13,786 units from 9,402 units.Sale of Daihatsu Cuore and Suzuki Mehran went up to 1,282 and 4,089 units as compared to 1,136 and 2,910 units.