• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Car Sales In Pakistan Witness Massive Drop In January 2023

by Ali Gulrez
Feb 15, 2023
in Automotive
0

The automotive industry continues to suffer as a result of worsening economic conditions and it is evident from the fact that car sales in Pakistan have witnessed a massive drop in January 2023 compared to the previous month.

Car Sales In Pakistan
Car Sales In Pakistan Witness Massive Drop In January

Pakistan Automotive Manufacturers Association (PAMA) has released a report of sales figures for the month of January 2023 and things don’t look too good for some of the major players in the automotive industry.

According to the report, the car sales in Pakistan have seen a 36% drop in month-on-month sales with only 10,867 vehicles sold during January 2023. The company most affected by the current economic conditions in Pak Suzuki Motor Company (PSMC) that saw a massive fall in overall sales last month.

Pak Suzuki Motor Company (PSMC) has seen a decline of 74% in sales during January 2023 as it sold only 2,946 cars compared to the previous month of December 2022. Furthermore, the company’s best-seller, the Suzuki Alto, saw a 99% fall in sales as it sold only 44 units last month.

Read more: Suzuki Alto Witnesses Massive Sales Drop in January.

Meanwhile, Honda Atlas Car Pakistan Limited (HACPL) sold 2,704 cars during January 2023, which account for a month-on-month increase of 33% in sales, while Toyota made 3,750 sales and reported an increase of 26% in sales, especially for Hilux and Fortuner.

Hyundai Nishat Motors Private Limited (HNMPL) came out on top as it saw a increase of 81% in sales for January 2023 after selling 1,143 units, especially Sonata that witnessed 241% hike in units sold last month.

Car Sales in Pakistan

VehiclesSales in December 2022Sales in January 2023Difference
Cultus1,057543-49%
Alto6,89844-99%
Wagon R872671-23%
Bolan464556+20%
Swift1,428504-65%
Corolla and Yaris1,8791,719-9%
Fortuner and Hilux9441,851+96%
Civic and City9811,620+65%
HR-V & BR-V1,0981,084-1%
Tucson353620+69%
Elantra142173+19%
Sonata47191+241%

Meanwhile, the automotive companies are increasing prices for their vehicles due to depreciating Pakistani Rupee (PKR) against the US Dollar (USD). Toyota Pakistan just announced its third price hike in the last 30 days.

Read more: Toyota Car Prices in Pakistan Increased For Third Time in 30 Days.

Furthermore, the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) and Pakistan Automotive Manufacturers Association (PAMA) have warned the government of an impending demise of the automotive sector in the country if policies aren’t correct to ensure import of raw materials.

In a joint letter sent to the Governor of State Bank of Pakistan (SBP), Jameel Ahmed, the two organizations said that SBP’s restricts and lack of cooperation from banks has severely damaged the automotive industry, which will not only result in jobs but reduced revenue for the government as well.

Moreover, the letter stated that if things continued in the same manner it would result in closure of plants and loss of foreign capital in the country.

Follow INCPAK on Facebook / Twitter / Instagram for updates.

Tags: Car Sales in Pakistan
ShareTweetSend

Related Posts

Kia car prices, Kia car prices in Pakistan, Kia Picanto Price in Pakistan, Kia Sportage Price in Pakistan, Kia Stonic Price in Pakistan, Kia Sorento Price in Pakistan, Kia Picanto Price, Kia Sportage price, Kia Stonic Price, Kia Sorento Price, Kia Carnival Price in Pakistan, Kia Carnival Price
Automotive

Kia Increases Car Prices in Pakistan From April 1

Mar 27, 2023
United Electric Motorcycles, United Electric Bikes, United Electric Bike, United Electric Motorcycle, United Bullet, United Revolt, United Spark, United Electric Motorcycle Price in Pakistan, United Electric Bike Price in Pakistan
Automotive

United Electric Motorcycles Launched in Pakistan

Mar 24, 2023
Toyota Production, Toyota Pakistan
Automotive

Toyota Pakistan Shuts Down Production Once Again

Mar 24, 2023
United Motorcycles Installment Plan, United Scooty Installment Plan, United Motorcycles, United Installment Plan
Automotive

United Motorcycles and Scooty Installment Plan For MCB Customers

Mar 21, 2023
Hyundai Car Prices, Hyundai Prices, Hyundai Tucson Price in Pakistan, Hyundai Sonata Price in Pakistan, Hyundai Elantra Price in Pakistan
Automotive

Hyundai Car Prices in Pakistan Increased For Second Time in 5 Days

Mar 18, 2023
Toyota Fortuner GR-S, Toyota Revo GR-S, Toyota Fortuner GR-S Price in Pakistan, Toyota Revo GR-S Price in Pakistan
Automotive

Toyota Fortuner GR-S and Revo GR-S Launched in Pakistan

Mar 18, 2023
Suzuki Motorcycle, Suzuki Motorcycle Plant, Suzuki Production
Automotive

Pak Suzuki Temporarily Shuts Down Motorcycle Plant

Mar 17, 2023
Changan Car Prices, Changan Car Prices in Pakistan, Changan Alsvin Price in Pakistan, Changan Oshan X7 Price in Pakistan, Changan M9 Price in Pakistan, Changan Karwaan Price in Pakistan
Automotive

Changan Increases Car Prices in Pakistan After Govt Imposes 25% GST

Mar 15, 2023
Load More

Leave a Reply Cancel reply

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

Latest News

  • Bus Crash in Saudi Arabia Kills 20 Umrah Pilgrims, Injures Dozens
  • Interbank Closing Currency Exchange Rates in Pakistan – 28 March 2023
  • GBP to PKR – British Pound Rate in Pakistan Today – 28 March 2023
  • EUR to PKR – Euro Rate in Pakistan Today – 28 March 2023
  • KWD to PKR – Kuwaiti Dinar Rate in Pakistan Today – 28 March 2023
  • SAR to PKR – Saudi Riyal to Pakistani Rupee – 28 March 2023
  • USD to PKR – Dollar Rate in Pakistan Today – 28 March 2023
  • AED to PKR – Dirham Rate in Pakistan Today – 28 March 2023
  • Gold Rate in Dubai UAE Today – 28 March 2023
  • Gold Rate in Pakistan Today – 28 March 2023

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.