Equity Analysis /

Pakistan Autos: Highest sales slump since May 2020; FY 23 a challenging year   

  • Automobile industry witnessed the sharpest decline in sales since Jun’20, owed to production constraints

  • INDU witnessed the largest decline in sales (65% YoY); AGTL continued to shine in the tractor space

  • Going forward, FY23 will be a challenging year for the industry amid both demand and supply-side concerns

Abdul Ghani Mianoor
Intermarket Securities
12 August 2022


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