August 2024 saw an 18% spike in motorcycle sales, according to PAMA
Likewise, compared to July 2024, when 84,993 units were sold, sales had increased by 22.64%.
Sales in July and August of FY25 reached 189,227 units, 16.87 percent more than in the same period previous year, according to the Pakistan Automotive Manufacturers Association (PAMA).
Three-wheelers and motorcycles produced in August 2024 totaled 107,154, a 29.69% increase over the 82,620 units produced in the same month the previous year.
Producing 85,516 units in July 2024, production increased by 25.3% on a monthly basis.
A notable resurgence of the automotive sector occurred in Pakistan in August 2024, as total car sales increased to 8,699 units from the same period the previous year, a 15% increase.
Automobile sales in August 2024 increased by just 1% over July 2024, according to figures from the Pakistan Automotive Manufacturers Association (PAMA), indicating that the industry is still recovering from the difficulties of the previous year.
The low base effect brought on by the challenges encountered the year before is largely responsible for the 15% year-over-year (YoY) growth in the Pakistani automobile industry observed in August 2024, according to AHL Research. Low demand, which resulted in plant closures throughout the industry, and limitations on issuing letters of credit (LCs) were among these difficulties. Just 1% more was sold on a month-over-month (MoM) basis.