Honda Atlas Cars (Pakistan) Limited

Financial Year ended March 31, 2023

Corporate Briefing Session

Date: July 24, 2023

Macro-Economic & Regulatory

Environment

Macro-Economic Environment

SBP Policy Rate (%)

Current account US$

Inflation rate (%)

9.75% → 20.00%

12.20% → 31.50%

22.00

20.00

Deficit-13.7 billion

36

31.5

20.00

17.00

32

27.26

26.6

27.6

(July-April FY 2022)

18.00

15.00

15.00

16.00

28

24.9

23.18

23.8

24.5

13.75

21.3

16.00

24

14.00

12.25

20

13.8

12.00

16

10.00

Deficit-3.3 billion

12

8.00

Apr

May

Jun

Jul

Aug

Sep

Oct Nov

Dec

Jan

Feb

Mar

(July-April FY 2023)

Mar Apr May Jun

Jul Aug Sep

Oct Nov Dec

Jan

Feb Mar

USD-PKR Parity (Rs)

Fiscal deficit as % of

JPY-PKR Parity (Rs)

184.70 → 284.00

GDP

1.41 → 2.14

300

284.0

4.9%

2.30

2.14

285

265.7

270

240.0

(July-April FY 2022)

2.10

1.95

255

228.3

1.81

224.2

1.90

240

1.62

1.58

225

1.70

199.2

210

1.50

195

4.6%

180

1.30

1.43

(July-April FY 2023)

Apr

May

Jun

Jul

Aug Sep

Oct Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug Sep

Oct

Nov

Dec

Jan

Feb

Ma

Other Regulatory

Factors

  • Quotas and later restrictions by SBP on import of raw materials
  • Advance tax on sale of cars increased
  • Super tax imposed at 10% for 2022 and 4% for 2023
  • Input tax adjustment reduced to 95% and Sales Tax rate increased from 18%~25%
  • CVT imposed on sale of cars at 1%

Source: sbp.org.pk, fbr.gov.pk, Economic survey 2022-23

Automobile Industry

Passenger Car Market Analysis

Overall Car Market

Apr-22

Apr-21

Mar 23

Mar 22

Total Market

197,299

282,895

70%

Commercial

28,739

43,333

66%

(Buses, Trucks, Vans)

4X4

5,560

6,337

88%

SUV

20,676

24,840

83%

1800 cc over

Sedan

16,516

29,667

56%

1600 cc

11,384

19,111

60%

1200 cc - 1500cc

40,719

45,898

89%

1000cc

25,665

51,786

50%

800cc

48,040

61,923

78%

Pass Market

163,000

233,225

70%

Market Share (12-Months Rolling)

60%

Honda

Toyota

Suzuki

KIA

Hyundai

54%

51.5%

52.1%

49%

50%

47.0%

48.3%

45%

45.0%

43.0%

39%

40.0%

40.1%

40%

30%

28%

28%

26.5%

26.4%

25%

25.1%

25%

23.5%

22.0%

19.7%

18%

18.0%

17.7%

20%

17%

17%

16.5%

16.9%

16.2%

15.6%

15.9%

15.4%

14%

12%

13.8%

11.9%

10.0%

15.8%

9%

13.4%

8.7% 8.3%

10%

6%

8.0%

8.0%

7.2%

3.8%

5.2%

5.3%

3.4%

2.4%

1.0%

0%

Apr'20

May'20

Jun,20

Jul,20

Aug,20

Sep,20

Oct,20

Nov,20

Dec'20

Jan'21

Feb'21

Mar'21

Apr'21

May'21

Jun'21

Jul'21

Aug'21

Sep'21

Oct'21

Nov'21

Dec'21

Jan'22

Feb'22

Mar'22

Apr'22

May'22

Jun'22

Jul'22

Aug'22

Sep'22

Oct'22

Nov'22

Dec'22

Jan'23

Feb'23

Mar'23

Source: PAMA

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Honda Atlas Cars (Pakistan) Limited published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2023 06:45:08 UTC.