Latest news with #PakistanAutomotiveManufacturersAssociation
Express Tribune
14-05-2025
- Automotive
- Express Tribune
Pakistan car sales dip 5% in April
Pakistan is seeing a massive growth in car sales, which amounted to 184,099 units in the 10 months of the ongoing fiscal year with Indus Motor's share being 52,987. PHOTO: IMC Listen to article Car sales in Pakistan declined 5% month-on-month in April 2025 but posted a modest 1% increase compared to the same month last year, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). A total of 10,596 passenger vehicles were sold during the month. The monthly decline was largely attributed to highway closures in Sindh, which disrupted deliveries and affected sales momentum. Despite the short-term setback, analysts say year-on-year growth reflects a stable macroeconomic environment, falling interest rates, easing inflation, and improved consumer confidence. New model launches and variant upgrades also contributed to demand. In the ten months of the current fiscal year (10MFY25), total car sales surged 40% to 111,464 units compared to 79,596 units during the same period last year. Among manufacturers, Sazgar Engineering (SAZEW) posted the steepest monthly decline at 42%, selling 549 units in April. However, the company's cumulative sales rose 130% year-on-year to 8,576 units, bolstered by its Haval lineup. Pak Suzuki Motor Company saw sales fall 12% month-on-month and 33% year-on-year to 4,003 units. In contrast, Honda Atlas Cars grew 20% month-on-month and 70% year-on-year, reaching 1,707 units. Indus Motor Company reported a 4% monthly increase and 58% annual growth, while Hyundai Nishat posted a 9% year-on-year rise but slipped 5% from March. The two- and three-wheeler segment performed strongly, up 26% year-on-year and 6% month-on-month to 135,721 units, pushing 10-month sales to 1.2 million units, up 30% from the previous year. Tractor sales fell 48% year-on-year in April to 1,602 units amid weaker farm economics. Meanwhile, truck and bus sales jumped 127% year-on-year and 13% month-on-month to 520 units, with 10-month figures rising 85% to 3,885 units.
Business Recorder
14-05-2025
- Automotive
- Business Recorder
April car sales down 5pc MoM in Pakistan
KARACHI: Pakistan's car sales declined 5 percent month-on-month but managed a slight one percent year-on-year increase, supported by a stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. The statistics released by the Pakistan Automotive Manufacturers Association (PAMA) revealed that car sales reached 10,596 units in April 2025, posting a marginal one percent year-on-year increase but declining five percent month-on-month. The monthly drop was largely due to highway closures in Sindh, which caused delivery delays and impacted sales. According to Topline Research, on the other hand, yearly sales growth is supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. Moreover, the new model launches and variant introductions played an important role in attracting demand. Pakistan car sales fall 8% MoM in March 2025 Compiled data said that the total sales in the first ten months of last fiscal year (10MFY25) surged to 111,464 units which is a 40 percent higher than the previous year that was 79,596 units in the first ten months of the last year (FY24). According to PAMA's data, Sazgar Engineering (SAZEW) experienced the largest monthly sales drop, plummeting 42 percent to 549 units in April 2025. However, on a cumulative basis, the company saw a 130 percent year-over-year surge in sales to 8,576 units in the first ten months of the fiscal year, driven by the popularity of the Haval brand in Pakistan. In contrast, Pak Suzuki Motor Company (PSMC) sales dropped 12 percent month-over-month and 33 percent year-over-year to 4,003 units in April 2025. Meanwhile, Honda Atlas Cars (HCAR) achieved significant growth, rising 20 percent month-over-month and 70 percent year-over-year to 1,707 units. Indus Motor Company (INDU) sales rose 58 percent year-over-year and 4 percent month-over-month, while Hyundai Nishat increased 9 percent year-over-year but fell 5 percent month-over-month. The 2- and 3-wheeler segment saw significant growth, with sales surging 26 percent year-over-year and 6 percent month-over-month to 135,721 units in April 2025, driven by improved purchasing power amid lower inflation. This pushed 10MFY25 sales to 1.2 million units, a 30 percent year-over-year rise. In contrast, tractor sales plummeted 48 percent year-over-year to 1,602 units due to weak farm economics. On a more positive note, truck and bus sales jumped 127 percent year-over-year and 13 percent month-over-month to 520 units, taking 10MFY25 sales to 3,885 units, an 85 percent rise from 2,098 units in the first ten months of last fiscal year (FY24). Analysts noted that looking ahead, the auto sector is expected to maintain its momentum, supported by interest rate cuts, a stable rupee, and new model launches, following a strong rebound in the current fiscal year. Copyright Business Recorder, 2025
Business Recorder
14-05-2025
- Automotive
- Business Recorder
April car sales down 5pc MoM
KARACHI: Pakistan's car sales declined 5 percent month-on-month but managed a slight one percent year-on-year increase, supported by a stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. The statistics released by the Pakistan Automotive Manufacturers Association (PAMA) revealed that car sales reached 10,596 units in April 2025, posting a marginal one percent year-on-year increase but declining five percent month-on-month. The monthly drop was largely due to highway closures in Sindh, which caused delivery delays and impacted sales. According to Topline Research, on the other hand, yearly sales growth is supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. Moreover, the new model launches and variant introductions played an important role in attracting demand. Pakistan car sales fall 8% MoM in March 2025 Compiled data said that the total sales in the first ten months of last fiscal year (10MFY25) surged to 111,464 units which is a 40 percent higher than the previous year that was 79,596 units in the first ten months of the last year (FY24). According to PAMA's data, Sazgar Engineering (SAZEW) experienced the largest monthly sales drop, plummeting 42 percent to 549 units in April 2025. However, on a cumulative basis, the company saw a 130 percent year-over-year surge in sales to 8,576 units in the first ten months of the fiscal year, driven by the popularity of the Haval brand in Pakistan. In contrast, Pak Suzuki Motor Company (PSMC) sales dropped 12 percent month-over-month and 33 percent year-over-year to 4,003 units in April 2025. Meanwhile, Honda Atlas Cars (HCAR) achieved significant growth, rising 20 percent month-over-month and 70 percent year-over-year to 1,707 units. Indus Motor Company (INDU) sales rose 58 percent year-over-year and 4 percent month-over-month, while Hyundai Nishat increased 9 percent year-over-year but fell 5 percent month-over-month. The 2- and 3-wheeler segment saw significant growth, with sales surging 26 percent year-over-year and 6 percent month-over-month to 135,721 units in April 2025, driven by improved purchasing power amid lower inflation. This pushed 10MFY25 sales to 1.2 million units, a 30 percent year-over-year rise. In contrast, tractor sales plummeted 48 percent year-over-year to 1,602 units due to weak farm economics. On a more positive note, truck and bus sales jumped 127 percent year-over-year and 13 percent month-over-month to 520 units, taking 10MFY25 sales to 3,885 units, an 85 percent rise from 2,098 units in the first ten months of last fiscal year (FY24). Analysts noted that looking ahead, the auto sector is expected to maintain its momentum, supported by interest rate cuts, a stable rupee, and new model launches, following a strong rebound in the current fiscal year. Copyright Business Recorder, 2025
Express Tribune
12-03-2025
- Automotive
- Express Tribune
Passenger car sales rise 44.6%
Listen to article Passenger car sales went up by 44.6% to 67,135 units during the first eight months of the current fiscal year compared to the same period in the previous year due to a significant improvement in buyer sentiment and businesses after the COVID-19 pandemic, new models following the new year, corporate buying, higher prices of used cars, and lower durability of older vehicles, among other factors. According to data released by the Pakistan Automotive Manufacturers Association (PAMA), sales of all vehicles, including two-, three-, and four-wheelers, increased. However, there was a setback in farm tractor sales. Tractors still failed to achieve any major breakthrough or momentum due to significant crop losses faced by small, large, and progressive growers in the country. Sales of jeeps and pickups increased by 69% to 22,503 units. Meanwhile, sales of trucks and buses surged by 96.7% to 2,470 units and by 45% to 435 units, respectively. Additionally, sales of two- and three-wheelers (motorcycles and rickshaws) also skyrocketed by 30% to 962,315 units. However, sales of farm tractors fell by 30% to 21,692 units as growers remain distraught over not receiving fair prices for their crops. The country's overall crop yields continue to decline due to a lack of research and development (R&D) in new seed varieties and unfavourable weather conditions. Most growers are unwilling to cultivate crops due to financial losses and low rates for their agricultural produce. Speaking to The Express Tribune on Tuesday, auto sector analyst and expert Muhammad Sabir Shaikh said there are various reasons behind the rise in car sales, including the introduction of new models by almost all car brands, the new year and corporate sector buying, and a low interest rate of 12%. He also noted that the prices of used cars are currently very high, while concerns about their durability persist. As a result, people prefer new vehicles over used ones. A substantial improvement in buying sentiment has been observed after the COVID-19 pandemic. However, the rupee has not yet strengthened against the US dollar. According to Topline Research official Myesha Sohail, auto sales have increased this year, and the uptrend is expected to continue as new variants enter the market and auto financing recovers amid lower interest rates. Auto sector analyst Mashood Khan said, "Except for the tractor industry, the market uptrend is visible in all vehicles until the upcoming June. The federal budget for 2025-2026 will be crucial in setting new directions. Policymakers must introduce attractive policies to promote the localisation of vehicles and manufacturing units, which will help reduce vehicle prices, allowing middle-class people to purchase cars. People who earn between Rs100,000 and Rs200,000 a month are unable to afford cars and instead turn to motorbikes."
Express Tribune
24-02-2025
- Automotive
- Express Tribune
Pak Suzuki announces price hike for Alto variants
Listen to article Pak Suzuki Motor Company has announced a price hike for its car models, with increases reaching as high as Rs120,000, effective from February 25, 2025. The automaker cited upgrades to its Suzuki Alto variants as the reason for the price revision. The Suzuki Alto VXR MT now costs Rs2,827,000, reflecting a rise of Rs120,000. Meanwhile, the Alto VXR AGS and Alto VXL AGS see an increase of Rs95,000, bringing their new prices to Rs2,989,000 and Rs3,140,000, respectively. The price of the Suzuki RAVI pickup has also risen by Rs100,000, now priced at Rs1,956,000. In a statement, the company emphasized its commitment to providing high-quality products, with the upgrades aimed at improving safety and comfort to meet customer expectations. Alongside the price hikes, the Pakistan Automotive Manufacturers Association (PAMA) reported a notable surge in car sales in January 2025, with sales up by 73% month-on-month to 17,010 units. Year-on-year, car sales have increased by 61%, signalling a robust recovery in the country's automotive market.
