This month, we are back with the latest update on local car assemblers’ earnings for September 2024. As we bring this report every mid-month, this time, there’s good news for the automotive industry.
After a modest 1% rise in August 2024, car sales in Pakistan surged by 18% in September 2024. According to the Pakistan Automotive Manufacturers Association (PAMA) report, local car makers sold 10,297 units in September, a notable increase from 8,699 vehicles sold in August 2024.
Year-on-Year Growth
On a year-on-year (YoY) basis, the growth is even more impressive, with sales rising by 24%. In September 2023, car manufacturers sold 8,312 units, while in September 2024, the figure jumped to 10,297 cars.
Motorcycle and Three-Wheeler Sales
The motorcycle and three-wheeler segment also saw a significant boost. In September 2024, local bike manufacturers reported a 26% increase in sales, reaching 130,960 units, compared to 104,234 units in August 2024. On a year-on-year basis, bike sales surged by 22%, with 130,960 units sold in September 2024 versus 107,084 units during the same period last year.
Brand-Wise Sales Breakdown
Atlas Honda: Sales saw a 22% increase, reaching 110,139 units in September, compared to 90,483 units in August 2024.
Pak Suzuki: Registered an 8% increase, selling 2,049 bikes last month, up from 1,906 units in August 2024.
Toyota Pakistan: Sales rose by 11%, with 2,367 units sold in September, up from 2,129 units in August 2024.
Honda Atlas: Experienced an 11% growth, selling 1,269 units last month compared to 1,148 units in August 2024.
Pak Suzuki Motors: Recorded a staggering 37% increase, with 5,013 vehicles sold in September compared to 3,653 cars in August 2024.
Hyundai Nishat: Observed a 15% rise, selling 677 units last month compared to 591 units in August 2024.
Sazgar Engineering: Saw a decline of 13%, selling 827 cars in September 2024, down from 952 units in August 2024.
It’s important to note that sales data for Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton were not included in the report, as these brands are not PAMA members.
Model-Wise Breakdown
Suzuki Alto: Saw a massive 56% increase in sales, with 3,146 units sold in September compared to 2,203 in August.
Suzuki Ravi: Remarkably, sales soared by 5657%, with 403 units sold, up from just 7 units in August.
Toyota Corolla & Yaris: Sales rose by 20%, with 1,883 units sold in September compared to 1,565 units in August.
Honda BR-V & HR-V: Sales jumped by 68%, with 126 units sold compared to 75 units in August.
MoM Comparison of Key Models
Car Model
August 2024
September 2024
Difference
Suzuki Alto
2,203
3,146
+56%
Suzuki Cultus
131
59
-55%
Suzuki Wagon R
190
182
-4%
Suzuki Bolan
743
615
-17%
Suzuki Ravi
7
403
+5657%
Suzuki Swift
559
608
+9%
Toyota Corolla & Yaris
1,565
1,883
+20%
Toyota Fortuner & Hilux
564
484
-14%
Honda City & Civic
1,703
1,143
-33%
Honda BR-V & HR-V
75
126
+68%
Hyundai Tucson
276
261
-5%
Hyundai Sonata
63
58
-8%
Hyundai Elantra
70
100
+53%
Hyundai Porter
182
258
+42%
The local automotive industry in Pakistan continues to recover with significant growth in both car and motorcycle sales. The surge in car sales by 18% and bike sales by 26% in September 2024 reflects a positive trend for local manufacturers, signaling a healthier market.
Afsheen Gohar is a seasoned writer with a wealth of experience in crafting authentic and well-researched articles. Her dedication to delivering high-quality content is evident in her work, where she combines a passion for storytelling with a commitment to accuracy and depth. Afsheen’s writing reflects her ability to engage readers with compelling narratives while providing valuable insights on a diverse range of topics.
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Welcome to Auto Power, Pakistan’s premier destination for motorcycles, scooties, and electric bikes. Additionally, our website keeps you updated with the latest news from the auto sector, ensuring you stay informed about the newest trends, releases, and advancements in the industry.
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