Pakistan’s Automotive Sector Witnesses 25% Sales Increase YoY

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Pakistan’s automotive industry has experienced a boom in the overall sales in units. This increase has been recorded on a year on year basis.

Honda Atlas has announced the highest growth achieved in sales units but has unfortunately still failed to overtake the leaders in the automotive industry in Pakistan.

The sales of locally assembled vehicles including jeeps and light commercial vehicles have now increased to 22,095 units in August 2017 as per the data released by the Pakistan Automotive Manufacturers Association. This was a mighty jump of 25% from last year’s sale units of 17,653 that were recorded in August 2017.

The increase has been due to the various new models being introduced by the company which includes facelifts and other models.

Sales of Honda Atlas outperformed peers, posting 47% year-on-year growth with 4,666 units. The successful introduction of a facelift for its Civic brand and Sports Utility Vehicle (SUV) variant BR-V propelled the sales.

Other Automobile brands have increased by the following: 

  1. Pak Suzuki Motors – 32% year on year increase.

Wagon R – 75% increase yearly
Cultus – 69% increase yearly
Suzuki Mehran also jumped 28% year-on-year, supporting the company’s overall sales growth.

2. Indus Motors.
Toyota Corolla in Pakistan sold 5,541 units reflecting an increase of 2% year-on-year
Toyota Fortuner whose sales showed a stellar growth of 284% year-on-year

3. Al Gazi.
Al Gazi has been the top performer in this segment with 26% growth in sales.

Reports also show that the rise in unit sales is due to the increase in the middle-class economy bracket.

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