Despite import restrictions, Pakistani auto industry has had a challenging few months. Pak Suzuki Motor Company (PSMC) was forced to reduce production due to the non-approval of letters of credit (LCs).

As a result, PSMC has resumed bookings for all cars, which appears to be trying to pick up the pace. In the past, resumption was only available to corporate customers and limited to a limited number of models.

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Currently, each model is being sold according to a specific quota, but this will be extended to all customers in the future. All Suzuki models are currently being delivered within two months, according to a dealership. This development could increase PSMC’s sales in the months to come.

Car Sales Since July

Due to rising inflation, auto finance restrictions, and high interest rates, car sales decreased 47% from 74,952 to 39,700 units between July and October 2022. The number of cars sold in October increased from 9,213 in September to 11,129, which remains well below the 17,413 sold in October 2021.

As a result of SBP relaxing the import quota, sales and production increased in October. The sales of all car manufacturers except Hyundai Nishat Motors Private Limited (HNMPL) increased slightly.

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Particularly, PSMC experienced a 33% rise in month-over-month (MOM) sales in October, from 6006 units in September to 8003 units in October.

There are now fewer non-production days (NPDs) at all automotive companies, a sign that sales will increase soon.


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