According to the most recent statistics provided by the Pakistan Automotive Manufacturers Association (PAMA), automakers (association members only) sold a total of 9,351 automobiles in March 2023, a year-over-year (YoY) reduction of 66% but a month-over-month (MoM) increase of 54%.
Toyota Indus Motor Company (IMC) sold one thousand nine hundred twelve vehicles, representing a 6% MoM increase in sales. Pak Suzuki Motor Company (PSMC) sold a commendable 5,628 cars, recording a significant gain of 475% in monthly sales, compared to Honda Atlas Cars Limited (HACL), which saw a 49% MoM fall in sales of automobiles.
Last month, Hyundai Nishat Motors Private Limited (HNMPL) sold 836 vehicles, a 34% MoM decline in sales. Tucson continued to be the company’s top choice The following list includes several well-known cars’ monthly sales:
| Sales of passenger vehicles | |||
| Passenger Vehicles | Units Sold in February 2023 | Units Sold in March 2023 | Month-on-Month % Difference |
| PSMC | |||
| Cultus | 72 | 475 | 560% |
| Alto | 544 | 2,542 | 367% |
| Wagon R | 93 | 489 | 462% |
| Bolan | 91 | 782 | 759% |
| Swift | 67 | 877 | 1,209% |
| Toyota IMC | |||
| Corolla and Yaris | 1,091 | 1,119 | 3% |
| Fortuner and Hilux | 712 | 793 | 11% |
| Honda Atlas | |||
| Civic and City | 1,244 | 611 | -51% |
| HR-V & BR-V | 392 | 224 | -43% |
| Hyundai Nishat | |||
| Tucson | 708 | 380 | -46% |
| Elantra | 243 | 188 | -23% |
| Sonata | 197 | 118 | -40% |
The car sector has had to raise prices as a result of local currency instability and tax increases. A number of significant automakers, including Honda, Suzuki, and others, have raised the pricing of their automobiles by considerable margins.
This prognosis makes the fate of the auto industry seem dismal for the foreseeable future.
