In cash-strapped Pakistan, the automobile sector seems to be in the doldrums as only 6200 cars were sold in the country in the month of September.
Car sales figures from the month of September of the Pakistan Automotive Manufacturers Association (PAMA) stated that only 6200 units were sold in Pakistan. In August 8400 cars were sold in this Islamic country.
According to PAMA data, sales for the first four months of fiscal year 2023–24 fell significantly by 44%, from 48,573 units to 27,163 units, in comparison to the prior period. In Pakistan there are no local manufacturers for cars. The market is dominated by companies like Hyundai, Kia, Toyota, Pak Suzuki, Atlas Honda.
The sale of bikes has also come down by 10% in the first four months of the current fiscal year.
At the same time in India, there was a 20% increase in automotive retail sales in India.