ISLAMABAD: The coronavirus pandemic increased the trend of buying cars in the country as sale of passenger cars during the first month of the financial year 2021-22 increased by 85 percent as compared to the same month of the last fiscal year 2020-21.
According to the data released by Pakistan Automobile Manufacturing Association (PAMA) on Tuesday, as many as 15,325 cars were manufactured in the country during July 2021 against the production of 8,280 units in July 2020, showing an increase of 85.08 percent on a year-on-year (YoY) basis.
The production of Toyota Corolla cars went up by 43.11 percent from 1,561 units to 2,234 units during the month under review whereas the production of Suzuki Swift also rose by 213.11 percent from 61 units to 191 units.
Similarly, the newly launched Toyota Yaris also witnessed an increase as its production jumped to 1,947 units in the month under review from 1,879 units in July 2020.
Production of Suzuki Cultus increased from 1,428 units to 3,051 units, witnessing an increase of 113.65 percent while the production of Suzuki Wagon-R also witnessed an increase of 385.66 percent from 300 units to 1,457 units during July 2021, according to PAMA.
However, the production of Honda cars declined from 2,193 units to 1,856 units, showing a decrease of 15. Similarly, the production of Suzuki Bolan declined by 45.75 percent from 730 units to 396 units whereas the production of Suzuki Alto increased from 128 units to 3,893 units, witnessing growth of 2941.40 percent, the data added.
It is pertinent to mention that sales of passenger cars during the last financial year 2020-21 increased by 57 percent as compared to the preceding fiscal year 2019-20. According to a monthly report released by PAMA, the sale of passenger cars during the month of June 2021 was recorded at 11,569 units against a total production of 18,154 units, which is around 11 percent lower as compared to the 12,934 units sold in May 2021 and 58 percent higher as compared to June 2020. – TLTP