Islamabad August 11 2021: Automobile sales recorded at 24,918 units during the month of July 2021, a high monthly sales since October 2018, as per data published by Pakistan Automotive Manufacturers Association (PAMA).
Automobile sector showing results of Incentives given in the current fiscal budget by government of Pakistan. In the recent, government reduced general sales tax and Federal Excise Duty on local manufacturing of Automobiles.
PSMC sold highest number of 15,181 vehicles during the month as compared to only 5,106 units sold in the month of June 2021.
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INDUS motor sales recorded at 6,715 units compared to 4,515 units sold during the previous month while HCAR sales drop by 30 percent to 2,307 in July 2021.
Suzuki Alto remained the best-selling car during the month with 6,110 units sold during July 2021. Suzuki Cultus is the second best-selling variant among all available options with sales of 4,215 units sold during the month.