Karachi, August 11, 2020: Car sales, as reported by PAMA, declined by 8 percent YoY in Jul-2020 to 11,501 units. Indus Motor (INDU) and Honda Car (HCAR) sales registered growths of 68 percent YoY and 46 percent YoY, respectively. However, Pak Suzuki Motor Company (PSMC) sales declined by 40 percent YoY. Kia Lucky Motors (non-member…
Karachi, June 10, 2020: The latest update is that the coronavirus is spreading quite rapidly in Pakistan. An important global trend has been easing lockdowns rather than the previous flattening-the-curve theme. Yes, the country cannot afford a complete lockdown, but without strict controls, it could prove to be a twin disaster as both healthcare and…
Karachi, May 12, 2020: The lockdown due to COVID-19 imposed by the Federal and Provincial government in the later half of March 2020 till date has resulted in no car sales during April 2020, as reported by PAMA. The lockdowns has resulted in closure of plants operations along with car dealerships across the country. As…