External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Automobiles / Thematic (Sector/Industry)

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 9.4K units down 3% MoM and 1% YoY in Mar-2024. Including Non-PAMA members car sales clocked in at ~10.5K down 3% MoM while up 1% YoY in Mar-2024.</li><li>Honda Atlas Cars (HCAR) recorded strong growth of 44% MoM and 162% YoY to 2,188 units in Mar-2024 due to the low base effect as company shut down its plant during the same period last year.</li><li>However, Pak Suzuki (PSMC) and Indus Motors (INDU) both recorded 16% MoM fall in car sales in Mar-2024. Hyundai Nishat Motor recorded sales of 582 units, down 30% YoY while up 3% MoM.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan car sales (as reported by PAMA) clocked in at 9.4K units down 3% MoM and 1% YoY in Mar-2024. Including Non-PAMA members car sales clocked in at ~10.5K down 3% MoM while up 1% YoY in Mar-2024.Honda Atlas Cars (HCAR) recorded strong growth of 44% MoM and 162% YoY to 2,188 units in Mar-2024 due to the low base effect as company shut down its plant during the same period last year.However, Pak Suzuki (PSMC) and Indus Motors (INDU) both recorded 16% MoM fall in car sales in Mar-2024. Hyundai Nishat Motor recorded sales of 582 units, down 30% YoY while up 3% MoM.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Automobiles - Pakistan Car Sales at ~10.5k Units in Mar-2024 Down 3% MoM