Motorcycle, three-wheeler sales drop to nearly 10-year low

WEB DESK: In the fiscal year 2023-24, sales of motorcycles and three-wheelers in Pakistan experienced a year-on-year decrease of 3.11 per cent, with total units sold dropping to 1.15 million from 1.19 million in the previous fiscal year.

This was revealed in the latest report released by the Pakistan Automotive Manufacturers Association (PAMA).

However, June 2024 saw a year-on-year sales increase of 8.38 per cent. Despite this monthly improvement, a significant month-on-month decline of 24.34 per cent was recorded, reflecting the volatile nature of the market.

This marks the third consecutive fiscal year of declining sales, with figures reaching almost a 10-year low in FY24.

Production trends mirrored sales figures, with total production of motorcycles and three-wheelers also recorded at 1.15 million units in FY24, marking a decrease of approximately 3 per cent compared to FY23. In June 2024, production stood at 87,844 units, representing a 9.94 per cent increase from June 2023, but a steep 27.14 per cent drop from May 2024.

Honda remains top bike seller

Honda maintained its position as the market leader, with sales surpassing the 1 million unit mark in FY24, capturing a dominant market share of 87.23 per cent. United Auto Motorcycle and Suzuki followed, with sales of 82,683 and 16,876 units respectively. Road Prince also performed notably, selling 16,049 units during the fiscal year.

In June 2024 alone, Honda’s sales were recorded at 80,204 units, reflecting a 6.86 per cent increase compared to June 2023, though they experienced a 22.36 per cent decrease compared to May 2024.

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