The auto industry of Pakistan is facing a tough time amid the deteriorating economic conditions. The auto industry sales have declined to less than half as compared to the last year sales. Toyota Indus Motors shut its plant in the last week for the rest of the month, Honda Atlas has operated the plant for only 11 days in September, while the Suzuki WagonR sales have declined by more than 70% since 2018.
Pakistan Suzuki Motor Company Limited is still in a better condition than it’s rivals and did not have any ‘non-operating days’ until yet. The new Suzuki Alto has been the main reason for continuous operation of Pak Suzuki. The sales of Suzuki Alto increased up to 8,109 units in July-August period of 2019.
However, Honda and Toyota sales declined massively and both the companies had to shut down their plants amid the increasing unsold inventory. The Honda City and Civic sales declined by more than 50% in the month of August as compared to the sales in the same time period last month. CEO Partner of Honda Drive-In and Honda Quaideen, Shabbir Alibha said that, “The meltdown in the auto industry is far more frightening than expected.” He further added that Honda sales have declined by almost 50% in 2019 as compared to 2018.