Strong Surge in Car Industry: Sales Up by 44.62%, Production Rises by 41.62% in Eight-Month Span

During the first eight months of the current fiscal year 2024-25, the country experienced a significant surge in its automobile sector. Car sales soared by 44.62%, while production saw a substantial increase of 41.62% compared to the corresponding period of the previous year.

During the period from July to February of the fiscal year 2024-25, the country’s automobile market experienced notable growth. A total of 67,135 cars were sold, compared to 46,419 units in the same period the previous year. Simultaneously, car production increased from 48,408 units to 68,558 units. This remarkable growth of 44.62% in sales and 41.62% in production was reported by the Pakistan Automobile Manufacturing Association (PAMA) on Tuesday.

Among the various car brands, Honda saw a remarkable 63.05% increase in sales, rising from 6,520 units last year to 10,265 units this year. Additionally, Toyota Corolla and Toyota Yaris experienced impressive growth, with sales increasing by 58.74%, from 9,183 units to 13,602 units.

The sale of Suzuki Swift went up from 3,445 units to 5,295 units, showing an increase of 66.93 percent whereas the sale of Suzuki Bolan increased to 3,160 units from 1,497 units.

The sale of Suzuki Cultus decrease to 1,887 units from 2,501 during last year whereas the sale of Suzuki Wagon-R also dipped to 1,608 units from 2,285 units.

Meanwhile, the sale of Suzuki Alto witnessed an increase of 50.31 percent from 19,761 units against 28,194 units.

On the other hand, the production of Honda cars went up by 34.49 percent from 7,615 units to 10,065 units during the months under review whereas the production of Toyota Corolla and Toyota Yaris cars also increased by 59.67 percent from 9,044 units to 13,839 units.

The production of Suzuki Swift also rose from 3,726 units to 5,438 units, showing decline of 52.97 percent whereas the production of Suzuki Cultus increased to 1,880 units during the months under review from 1,590 units.

Meanwhile, the production of Suzuki Bolan rose by 90.43 percent from 1,258 units to 2,030 units this year, whereas the production of Suzuki Alto also rose from 23,468 units last year to 28,334 units, witnessing increase of 22.73 percent, the data added.