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HomeTechAutomobilesMotorcycle sales surge by 31% in Pakistan in April 2024: PAMA

Motorcycle sales surge by 31% in Pakistan in April 2024: PAMA

According to the latest data from the Pakistan Automotive Manufacturers Association (PAMA), motorcycle and three-wheeler sales in Pakistan witnessed a significant surge of 31 per cent year-on-year in April 2024, reaching a total of 107,590 units. This marked a notable increase from the 82,136 units sold in April of the previous year.

On a month-on-month basis, sales also showed a significant rise of 14.94 per cent, with April 2024 sales surpassing those of March 2024, which stood at 93,606 units.

However, despite the monthly increase, cumulative sales for the ten-month period ending April 2024 (10MFY24) recorded a decline of 6.5 per cent year-on-year, totaling 941,406 units compared to 1.006 million units sold in the corresponding period of the previous fiscal year.

Regarding production, April witnessed a substantial increase of 26.76 per cent year-on-year, with a total of 98,183 units manufactured, up from 77,457 units in April of the previous year. However, on a monthly comparison, production experienced a slight decrease of 3.9 per cent, with 102,165 units produced in March 2024.

Honda maintained its position as the market leader, with sales of 95,069 units in April 2024, capturing a market share of 88.36 per cent. This marked an 18.63 per cent increase from the previous month and a 29.30 per cent increase compared to April 2023. However, Honda’s ten-month sales for FY24 stood at 819,752 units, down from 843,219 units in FY23.

Following Honda, United Auto Motorcycle and Road Prince Motorcycle emerged as the second and third leaders, with sales figures of 7,185 and 1,514 units respectively in April 2024.

Read more: IMF in talks with Pakistan for new loan amid economic challenges

Sazgar followed closely behind, selling 1,212 three-wheelers in April. Although this marked a 9.62 per cent decrease from the previous month, it represented a significant increase of 2.99 times compared to April 2023.

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