There appears to be a significant difference in automotive sales between Pakistan and India. In Pakistan, the industry is experiencing a sales decline due to a variety of factors, such as decreased demand, increased prices, high taxes, and expensive financing options. The Pakistani Automotive Manufacturers Association (PAMA) reported a 44% drop in car sales in the first four months of fiscal year 2023-24 compared to the previous period.
Major players like Atlas Honda, Pak Suzuki, Toyota, Hyundai, and Kia dominate the market, but local manufacturing is limited. Motorcycle sales have also decreased, indicating a reduction in purchasing capacity and contributing to the overall industry struggle.
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On the other hand, India’s automotive sector experienced a surge in sales, especially during the festival season. According to the Federation of Automobile Dealers Associations (FADA), there was a remarkable increase of over 20% in automobile retail sales in September.
Passenger vehicle registrations, commercial vehicle registrations, and three-wheeler sales all showed significant growth compared to the previous year.
Overall, while Pakistan faces challenges and a decline in automotive sales, India has witnessed growth and increased demand across various vehicle segments, indicating a more positive trend in the automotive industry.
