Business

KARACHI – The automobile sector of Pakistan recorded an increase of 32 percent to 83,809 units in sale of locally produced cars, jeeps, vans and light commercial vehicles (LVCs) during first four months (July-October) of running fiscal year 2017-18.

According to data released by Pakistan Automotive Manufacturers Association (PAMA), 23,341 units of these vehicles were sold in October showing an increase of 46pc on year on year basis.

With the launch of new models, Honda Atlas Cars observed an increase of 55pc to 17,110 units during the four months. It sold 4,506 units in October marking an increase of 50pc year on year basis.

Pak Suzuki Motor Company Ltd (PSMCL) topped the list as the company registered a surge of 53pc in sales of its products during October as compare to last year. Sales of WagonR observed 141pc increase.

The company’s overall sales went up 36pc to 46,941 units during four months.

Indus Motors Company’s sales of Toyota increased 4pc in October, while the growth remained 10pc in four months.

During the first four months, the sales of Massey Ferguson and Fiat tractors reached 13,318 and 8,385 units from 7,628 and 4,627.

Sales of trucks increased to 2,917 during July-October of 2017 as compared to 2,183 units of last year, while a decline has been observed in sales of bus.

Motorcycle/three-wheeler sales registered a growth of 18pc in October, and 74pc in the first four months.