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.
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.
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.
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.
| 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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