The coronavirus jolted the world. In the past few months, everything has changed. The automobile industry was no exception. Hence, it has received massive blows due to the unenviable consequences of COVID-19.
In Pakistan, the auto industry has suffered no less than other countries. Although the lockdown was lifted and the precautions were eased by the government, the supply and demand chain has been severely disturbed and unusual.
Pakistan Automotive Manufacturer’s Association (PAMA) issued a report recently that states that the sales of passenger vehicles have gone down by 75% as compared to the same time last year. Only 3800 units were sold in May 2020 while 15,428 units were sold in May 2019. April 2020 was even worse as not a single vehicle was sold.
The sales of Toyota Corolla have drastically dropped by 93% while those of Honda Civic and City have fallen by 90%. The sales of Suzuki Swift went down by 82%. The Suzuki Cultus and Wagon R’s decreased by 75% in the 1000cc category while the 800cc category witnessed a sale of 45%.
It’s not only the passenger vehicles’ sales that got affected. The sales of commercial vehicles such as buses and trucks decreased by 47%. The sales of auto-rickshaw and motor-bike sales fell by 26%.
Everyone in the auto industry is concerned. Be it global manufacturers or local automakers, all are panicked. This is an uncertain time for many of the businesses. We hope that we all survive through these hard times.