LAHORE: The country’s auto industry sales are likely to grow 60pc in the current fiscal year (FY2020-21), with total sales expected to clock in at 201,000 units, including those of new entrants Lucky Motor Corporation (formerly KIA Lucky Motors), Hyundai Nishat and used imported cars. “However, sales are still likely to be 40pc lower than the highest level touched by Pakistan in FY18, when auto sales clocked in at 329,000 units,” Basir said. This is further evident from stellar sales numbers for Oct 2020 when Yaris outsold City and Civic combined,” he added. In addition, a facelift of Toyota Corolla variant is expected in January 2021, along with a price increase of Rs50,000, which is expected to improve margins. This is also expected to keep sales volume upbeat.

Source: Pakistan Today November 25, 2020 13:18 UTC