Home Business Motorcycle, three-wheeler sales decline by 34.83% in Q1

Motorcycle, three-wheeler sales decline by 34.83% in Q1

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ISLAMABAD, Oct 18 (INP-WealthPK): Motorcycle and three-wheeler sales witnessed a decrease of 34.83% during the first quarter of the current fiscal year (2022-23) compared to the corresponding period last year.

During the period under review, as many as 293,830 motorcycles and three-wheelers were sold in July-September (2022-23) against the sale of 450,913 units in July-September (2021-22), showing a decline of 34.83%, according to the Pakistan Automobile Manufacturing Association (PAMA).

The sale of Honda motorcycles went down 19.32% to 250,132 units during the current year from 310,041 units last year.

However, the sale of Suzuki motorcycles witnessed an increase of 16.61% to 10,007 units from 8,581 units.

Similarly, the sale of Yamaha motorcycles decreased from 5,947 units to 3,726, witnessing a decrease of 37.34%, while the sale of Ravi motorcycles witnessed a sharp decline of 84.91% from 1,419 units to 214 units during the period under review.

The sale of United Auto motorcycles decreased to 20,369 units from 83,981 units, while the sale of Road Prince motorcycles also decreased by 80.31% from 31,007 units to 6,105 units.

Meanwhile, the sale of Road Prince three-wheeler witnessed a decrease of 79.30% from 2,223 units last year to 460 units in the same month of this year, while the sale of Sazgar three-wheeler also decreased to 999 units from 3,243 units.

The sale of Qingqi three-wheeler also showed a decrease of 62.48% dropping to 1,365 units from 3,639 units, whereas the sale of United three-wheeler decreased to 412 units from 832 units, the data showed.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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