Generator Market Hot In Punjab
During the current winter season, traders are dispatching bulk of their import of generators to Punjab where power outages, spanning from 15 to 18 hours has pushed its sales to substantial level. The demand for generators in the retail and wholesale markets of Karachi have plunged to more than 70 to 75 percent during the last few months.
The traders attributed decline in demand to short duration of load shedding and declining purchasing power of city general consumers.
“Poor response by people of Karachi during the current winter season towards purchasing generators have spelled gloomy business prospects for the traders majority of which have turned their attention to Punjab to get rid of the stuck up stocks” Khurrum Saigal, president Pakistan Machinery Merchant Group (PMMG) said.
He said poor sales of all kinds of generators available in the market was reported by most of the traders ranging from one kv of Chinese origin Lifan to 2 kv of Meiji company.
Referring to the overwhelming response of Punjab market regarding boost in sales of generators, he said the positive business opportunities have compelled large number of Karachi traders to market and dispose of their products before end of the winter season thus enabling them to place new import orders before start of the next summer season.
Traders and importers claimed during corresponding period of previous year, generator sales in both retail and wholesale markets was encouraging as substantial number of buyers purchased different brands of generators.
The traders are facing bleak prospects at one of the largest wholesale generator market in country at Shahra e Liaquat Karachi as sales of imported generators from China, are preferring to sale their stuck up imported generators in the vast Punjab market, where prolonged load-shedding hours have turned lives of people miserable.
