2023 has been a difficult year for the local auto industry. However, for Pak Suzuki Motor Company (PSMC), January and February have been particularly unforgiving.
That changed in March, as the company sold more than 5,600 units, observing a massive Month on Month (MoM) jump of 476% in overall sales. The update comes from the oft-reliable autojournal.pk.
Pakistan Automotive Manufacturer’s Association (PAMA) is yet to disclose the official car sales data. Therefore, the breakdown of the aforementioned sales figures is currently unknown.
Although, this huge recovery hints at an overall recovery in industrywide sales as well. It also highlights that the demand for new cars still exists, despite massive price hikes and delivery delays in recent times.
Pakistan is going through a tumultuous phase due to overall economic troubles. However, once the economy and business operations recover, car sales will likely see a huge jump.
Stay Connected with ProPakistani
Get the latest automobile news, car launches, bike reviews, videos and analysis wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Price?
This is fake news just to encourage reluctant customers to come and purchase local sub standard cars at cost of luxurious cars. Bullish try.
Low quality cars with very high prices. No one is buying?