The year 2022 has been difficult for Pakistan’s automobile sector because of rises in freight costs, dollar exchange rates, and resultant car price increases.
Pak Suzuki Motor Company (PSMC) has recorded high sales this year despite this. According to a recent source, the firm broke its previous record of over 15,500 in December by selling more than 16,000 automobiles in June 2022.
Reports indicate that the new Suzuki Swift has significantly impacted the total increase in sales, despite the fact that the split of sales is unknown.
With a wide range of city vehicles and a sizable market share, PSMC is a leading competitor in Pakistan’s small car industry. The firm dominates the automobile industry with a market share of more than 60%.
However, predictions state that by late 2022 or early 2023, sales of all automakers, including PSMC, would likely drop as a result of rising gasoline and vehicle prices. Due to the accumulation of backlogged orders, the sales will continue to be steady for the time being.