ISLAMABAD: Pakistan Automotive Manufacturers Association (PAMA) in its latest report said that Pakistan recorded a drop of 3.11 percent in motorcycle sales in Fiscal Year 2023-24.
According to the report, the bike cycle dropped to 1.15 million as compared to the previous fiscal year’s 1.19 million. However, a year-on-year sales increase of 8.38 percent was recorded in June 2024.
Despite this monthly improvement, a significant month-on-month decline of 24.34 percent was recorded which marked the third consecutive fiscal year of declining sales.
Furthermore, the PAMA report added that the sales figure reached almost a 10-year low in the previous year. The production trends also decreased in parallel to the sales.
The total production of motorcycles and three-wheelers with a drop of 3 percent compared to FY23 recorded 1.15 million units in FY24, according to the Pakistan Automobile Manufacturing Association (PAMA).
As per the report, in June 2024, production stood at 87,844 units, representing a 9.94 percent increase from June 2023, but a steep 27.14 percent drop from May 2024. During July-April 2023-24, as many as 941,406 motorbikes and three-wheelers were sold against the sale of 1,006,839 units in July-April (2022-23).
