Pakistan’s Automobile Industry is growing at a rapid pace and in the process, setting new records. Most motorcycles and other vehicles saw an increase in sales and production while bus sales declined. Read on for more details.
Motorcycle and Three Wheeler Sales
Two bike assemblers in Karachi, Atlas Honda Limited (AHL) and United Auto Motorcycle (UAM) broke previous production and sales records.
United Auto Motorcycle’s (UAM) production and sales hit 35,555 and 36,084 units respectively in Aug 2017, compared to its earlier record of 32,773 units each in Nov 2016.
UAM’s overall sales in July-Aug 2017 reached 67,023 units as compared to 49,464 units same period 2016-17.
Atlas Honda Limited (AHL) sold a total of 187,249 bikes in July-Aug 2017-18 against 136,890 units produced and 136,476 units sold in 2016-17.
Production and sales for Honda in Aug 2017 stood at 95,200 and 91,599 units while in May 2017 the figures were 90,800 and 93,060 units.
Suzuki and Yamaha’s sales increased to 3,278 and 3,397 units from 2,825 and 2,044 units during August.
According to the figures of Pakistan Automotive Manufacturers Association (PAMA), UAM and AHL weren’t the only ones that broke sales/production records.
Road Prince Bike Assembler also joined in achieving the highest production and sales of 23,650 units in Aug 2017 against its last high of 19,508 units in Oct 2016.
Two and three-wheeler sales grew strongly due to rising disposable income of lower middle class.
Sazgar, Road Prince and United Auto three wheeler sales were 3,429, 2,792 and 1,542 units as compared to 3,091, 269 and 551 units during the same period last year.
Car and Van Sales
A total of 35,002 locally assembled cars of PAMA members were sold in the first two months of current fiscal year as compared to 27,317 units sold during the same period last year. That is an increase of 7000+ units.
Sales of Honda Civic/City, Suzuki Swift and Toyota climbed to 7,766, 722 and 8,657 units as compared to 5,295, 689 and 8,250 units respectively in July-August 2016-17.
Suzuki Cultus and Suzuki WagonR sales saw a massive increase, getting to 3,670 and 4,137 units from 2,190 and 2,352 units. A big reason for the increasing sales of WagonR is that vendors are choosing to run these cars as cabs for Careem and Uber for extra income.
Suzuki Mehran and Suzuki Bolan sales surged to 6,826 and 3,224 units from 5,676 and 2,865 units.
Trucks and Light Commercial Vehicles
Truck sales of PAMA members (Hino, Nissan, Master and Isuzu) rose to 1,478 units from 1,188 units while bus sales plunged to 175 from 227 units. One cause of the plummet in the bus sales could be the increase in awareness about the cab hailing services, Careem and Uber.
In Light Commercial Vehicles (LCV), vans and jeeps, sales of Toyota Fortuner stood at 535 units compared with 111 units sold last year. The newly launched Honda BR-V witnessed sales of 1,411 units.
Suzuki Ravi sales went up to 3,757 from 2,890 units while Toyota Hilux sales fell to 967 from 1,267 units.
Sales of Fiat and Massey Ferguson tractors more than doubled to 3,407 and 6,326 units in July-Aug 2017-18 from 1,386 and 3,055 units in same period last fiscal.