Tag: PAMA
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Honda leads motorcycle sales, selling over 70,000 bikes in a month despite high prices
Sales of motorcycles and three-wheelers in Pakistan rose by 15.5 per cent year-on-year in July 2024, reaching 84,993 units. This compares to 73,588 units sold during the same month last year, according to the latest data from the Pakistan Automotive Manufacturers Association (PAMA). However, on a month-on-month basis, sales declined by 5.45 per cent, down…
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Car sales in Pakistan hit 15-year low in FY 2023-24: PAMA data
Car sales in Pakistan plummeted to their lowest level in 15 years during the fiscal year 2023-24, as reported by the Pakistan Automotive Manufacturers Association (PAMA).
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Car sales increase in Pakistan despite high prices, economic challenges
In a surprising turn of events, the soaring prices of cars in Pakistan have not deterred buyers, as car sales experienced a notable uptick in February 2024.
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Pak Suzuki’s fiscal year ends with Rs9.68 billion loss: Operational disruptions and low demand
Pak Suzuki Motor Company Limited ({PSMCL) has reported a substantial net loss of Rs9.68 billion for the fiscal year that ended on June 30, 2023. The loss was attributed to import restrictions and weakened demand, causing a significant increase compared to last year’s Rs17.238 million loss.
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Pakistan’s auto sector records 98% sales growth in March despite high prices
Despite high car prices, Pakistan’s auto sector has seen a growth of 98 per cent in March, selling about 7,201 units compared to 3,642 units sold in the previous month. The increase has provided a ray of hope to the auto sector, which has picked up some pace after several months.
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Car sales in Pakistan drop by 65% due to low purchasing power, supply chain disruptions
According to data from the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales in Pakistan experienced a significant decline of 65 per cent in January 2023 compared to the same period the previous year. This was attributed to a shortage of raw materials, low purchasing power, and price surges. With the exception of Suzuki’s Swift,…
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Pak Suzuki discontinues Bolan’s AC variant after one year
Pak-Suzuki Motor Company (PSMC) will no longer sell the Suzuki Bolan’s AC variant. After almost 15 years, this variation was finally introduced last year, and tragically, its production will cease once again. The company’s decision to stop producing the AC variant of the Suzuki Bolan is a blatant indication that it has failed to pique…
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In Pictures: Pakistan unveils its first electric car with 210km range
Except for Pakistan, electric vehicles have gained massive popularity throughout the world. A few imported cars that are available in the local market are pricey and out of the range of the average person. Now that Pakistan’s first electric automobile has been launched with some outstanding features, things are set to change. On Independence Day,…
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Honda Pakistan records 40 per cent increase in earnings
Honda Atlas Cars Limited (HACL) concluded the financial year with a 40 per cent increase in earnings, giving investors reason to be optimistic. This is despite several challenges including an ongoing chip shortage, rising commodity prices on overseas markets, hefty freight rates, and the rupee’s depreciation. “The result is below our expectations, which is mainly…
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Honda City Hybrid 7th gen launched, Pakistan continues with retired 6th gen
Honda has finally debuted the long-awaited City hybrid sedan in the Indian market. The ex-showroom price of the 2022 Honda City Hybrid e:HEV is 1.9 million INR (PKR 4.7 million). It’s only available in a single ZX model with all of the bells and whistles. Last year, the new City Hybrid made its global premiere,…