The auto industry has been filled with negative news as of late, with companies incurring heavy losses, suspending operations, and generally not making much progress due to ongoing economic issues.
In recent news, autojournal.pk reported that car companies have recovered in terms of production last month. Pak Suzuki Motor Company (PSMC) and Toyota Indus Motor Company (IMC) have witnessed a slight recovery in production after two tumultuous months.
Honda Atlas Cars Limited (HACL) and Hyundai Nishat Motors Private Limited (HNMPL) on the other hand, have seen a drop in sales due to supply chain and production issues.
The production figures of all four carmakers are as follows:
| Carmakers | Units Sold in February 2023 | Units Sold in March 2023 | Month on Month (MoM) Increase (%) | Quarterly Sales (Q1 2023) |
| Suzuki | 1,473 | 1,994 | 35% | 8,286 |
| Toyota | 2,667 | 4,697 | 76% | 8,950 |
| Honda | 2,112 | 575 | 73% | 4,783 |
| Hyundai | 883 | 699 | 21% | 2,543 |
While the sales are inconsistent, the sporadic rise indicates that there is still high demand for new cars in Pakistan. This also means that the car industry may experience another boom period once the economy stabilizes.
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Auto manufactures are to blame themselves for the rise in cost, import issues and general economic situation of their plants. Honda even imports simple items like oil and air filters which are basically molded plastic with filter paper and sells them at 4 times the market price. The practices of these assemblers need to be checked and if they do not increase localization penalized heavily.