Suzuki GSX125

Decline in Motorbike and Three-Wheeler Sales: An In-depth Look at the Numbers

In the wake of economic challenges and shifting consumer preferences, the motorbike and three-wheeler market in the country has experienced a notable downturn. According to the latest data from the Pakistan Automobile Manufacturing Association (PAMA), the sale of motorbikes and three-wheelers witnessed a significant decrease of 12.33% during the first seven months of the current fiscal year (2023-24) compared to the same period last year.

Key Highlights:

  1. Overall Sales Decline: From July to January, the total sales of motorbikes and three-wheelers amounted to 646,440 units, marking a 12.33% decrease from the 737,393 units sold during the corresponding months in the previous fiscal year.
  2. Honda Motorcycles: Honda, a major player in the market, experienced an 8.22% decline in sales, dropping from 612,817 units to 562,440 units during the review period.
  3. Suzuki Motorcycles: Suzuki faced a substantial reduction of 61.40% in motorcycle sales, plummeting from 22,985 units to 8,870 units, highlighting a challenging period for the brand.
  4. Yamaha and Road Prince Motorbikes: Yamaha and Road Prince also reported declines, with Yamaha witnessing a decrease from 7,577 units to 4,914 units, and Road Prince experiencing a sharp decline of 51.62%, falling from 19,706 units to 9,533 units.
  5. United Auto Motorcycles: United Auto, another significant player, saw a decline of 21.67% in motorcycle sales, dropping from 61,260 units to 47,984 units during the same period.
  6. Three-Wheeler Market Dynamics: Interestingly, the three-wheeler segment showed a mixed trend. While overall sales declined, United Auto’s three-wheeler sales surged by 83.03%, rising from 937 units to 1,715 units. Similarly, Sazgar three-wheelers witnessed a 21.90% increase, going from 5,871 units to 7,157 units.
  7. Qingqi Three-Wheeler Sales: Qingqi, however, experienced a downturn with a 31.81% decrease in three-wheeler sales, dropping from 4,410 units to 3,007 units.

The decrease in motorbike and three-wheeler sales during the first seven months of the fiscal year raises concerns about the overall economic environment and consumer confidence. Manufacturers in the industry may need to reassess their strategies to adapt to changing market dynamics and consumer preferences. Government policies, economic conditions, and evolving transportation trends could all contribute to the observed decline in sales, and stakeholders in the automotive sector will need to closely monitor these factors for future developments.

Check Also

FBR to hold online open court for resolving taxpayers’ problems

FBR launches Pakistan Honor Card To Acknowledge Top Taxpayers

The Federal Government of Pakistan has unveiled a pioneering initiative, the ‘Pakistan Honor Card,’ for …

Leave a Reply

Your email address will not be published. Required fields are marked *