ISLAMABAD: In a recent development, the Pakistani auto industry’s growth has remained strong and resilient through the first five months of the fiscal year 2024-25.
While sales of automobiles fell sharply in November, overall sales increased by 50% year over year, hitting 38,534 units compared to 25,746 units sold in the same period last year. Automotive analyst sees this rise as a sign that the industry is starting to recover.
There have been impressive statistics regarding overall sales, even though a study shows that November sales decreased 25.08 percent to 7,909 units from 10,557 units in October. Overall, 4,875 cars were sold in November, according to PAMA estimates. Sales of jeeps, vans, and pickups were up from 2,551 in October, showing positive demand.
Sales of jeeps, vans, and pickups increased 55 percent year-over-year from July through November, reaching 12,259 units from 7,891 units in the same period last year. Consumer tastes are shifting towards multipurpose, versatile automobiles, as seen by the significant growth. Furthermore, the report’s electric vehicle (EV) statistics are a standout feature. PAMA now contains information on Dewan’s Horni Ve EV, which has 70 units manufactured and 63 units sold.
Sales have also increased significantly for Pakistan’s top automakers. From July through November of 2013, sales at Pak Suzuki Motor Company increased 41% to 25,812 vehicles. Then came Indus Motor Company (IMC), which had a massive 67% increase to 10,886 units sold, and Honda Atlas Cars Ltd, which saw a 50% increase to 5,974 units sold.
However, Sazgar Engineering sold 4,191 units, demonstrating an astounding gain of 233%. With 3,324 units sold, Hyundai Nishat did experience a 1% decline in sales. The two- and three-wheeler segments also saw strong sales, complementing the expansion in the automobile section.
