Motorcycle production sees 16.54pc growth

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Staff Reporter

Islamabad—Motorcycle production in the country has seen 16.54 per cent growth, touching highest level with 2.07 million units produced during 2014-15. A total of 2,071,123 units of motorcycles were produced in the country during the year mentioned up from 1,777,251 units last year. As per statistics from Pakistan Bureau of Statistics (PBS), there are more than 60 motorcycle makers in the country with Honda still leading market with a notable margin.
Motorcycle makers produced over 172,000 motorcycles per month on average, indicating a rapid increase in usage of two wheeler units. Experts on Saturday said double digit growth in motorcycle production indicates that middle-class is growing faster than ever in recent times. Moreover, easy installment plans introduced by local retailers for motorcycle lease is another reason for rapid growth in motorcycle production.