In our today’s morning report we will discuss the latest data released on the automobile industry by the Pakistan Automotive Manufacturing Association (PAMA).
Cumulative sales up by 17%
As per data available, overall auto sales (Car, LCV & Pickup) reached 102,491 units in 8MFY15 compared to auto sales of 87,951 units in 8MFY14, depicting surge of 17%. The higher sale was mainly attributed to robust sales volume of Indus after introduction of new model and better farmer income. In February’15 alone the auto sales stood at 17,356 units surge by 36% hpw YoY from 12,789 units sold in Feb’14.
Production levels too moved up
Likewise sales, the auto production too remained higher during the period as the cumulative production of Car, LCV & Pickup reached 102,661 units in 8MFY15 growing by 19% against production of 86,322 units during the similar period in FY14. In February’15 alone, the auto production increase by 23% totaled to 14,644 units against 11,893 units produced in February’14.
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