Honda and Hyundai Gain Market Share as Toyota and Pak Suzuki Suffer Sales Drop

The Pakistan Automotive Manufacturer’s Association (PAMA) has announced the sales data for August 2021, according to which, the car industry has witnessed a slight decrease in sales.

As per last month’s data, Pak Suzuki Motor Company (PSMC), Toyota Indus Motor Company (IMC), Honda Atlas Cars Limited (HACL), and Hyundai Nishat Motors have sold an aggregate of 21,751 vehicles in August, resulting in a Month on Month (MoM) decrease of 13 percent and a Year on Year (YoY) increase of 87 percent in sales.

In August 2021, Toyota IMC sold 5,639 units, witnessing an MoM decrease of 16 percent and a YoY increase of 71 percent in car sales. PSMC sold 12,062 units, observing an MoM decrease of 21 percent and a YoY increase of 101 percent in vehicle sales.

HACL, in contrast, having sold 3,230 units of its vehicles in August, has recorded an increase in sales, observing an MoM increase of 40 percent and a YoY decrease of 43 percent. Hyundai Nishat witnessed yet another increase in sales for the second consecutive month, by selling 712 units of its vehicles last month, recording an MoM increase of 53 percent and a YoY increase of 547 percent.

Since other automakers such as Kia Lucky Motors, MG JW SEZ, Master Changan Motors, Regal Motors, Al-Haj Proton, United Motors, Haval, etc. are not yet members of PAMA, their data has not been made available for public viewing.

The following are the sales figures of some of the most popular vehicles for the previous month:

Passenger Vehicle Sales
Passenger Vehicles Units Sold in July 2021 Units Sold in August 2021 Month on Month %age Difference
Cultus 4,213 2,845 -32%
Alto 6,110 5,031 -18%
Wagon R 2,131 1,679 -21%
Bolan 950 1,097 15%
Swift 225 154 -32%
Toyota IMC
Corolla 2,320 1,942 -16%
Yaris 2,700 2,025 -25%
Fortuner 418 572 37%
Hilux 1,277 1,100 -14%
Honda Atlas
City & Civic 1,700 2,726 60%
BR-V 607 504 -17%
Hyundai Nishat
Tucson 175 192 10%
Elantra 157 258 64%
Sonata 163 142 N/A

The automotive industry around the world is currently reeling due to various supply chain issues, as well as raw material and semi-conductor shortages. Curiously, though, the Pakistani car industry seems to be performing quite well amidst these issues, as the vehicle sales have only gone down ever so slightly in August of 2021.

It would be interesting to see, however, if the vehicle sales remain strong in the coming days as the aforementioned concerns continue to inhibit vehicle sales across the globe.