Motorbike, three wheeler sales increase by 38.97%

Staff Reporter 

The sale of motorbikes and three wheelers witnessed an increase of 38.97 percent during the fiscal year (2020-21) as compared to the corresponding period of last year.

During the period under review, as many as 1,903,932 motorbikes and three wheelers were sold in July-June (2020-21) against the sale of 1,370,005 units in July-June (2019-20), showing growth of 38.97 percent, according to the Pakistan automobile Manufacturing Association (PAMA).

The sale of Honda motorcycles went up 47.85 percent from 873,902 units in last year to 1,292,096 units during fiscal year 2021 whereas the sale of Suzuki motorcycles also rose by 43.63 percent from 17,301 units to 24,851 units.

Similarly, the sale of Yamaha motorbikes also went up from 19,371 units to 19,924 witnessing increase of 2. 85 percent while the sale of Ravi motorbikes witnessed a sharp decline of 52.01 percent from 12,380 units to 5,941 units.

The sales of United Auto motorcycles increased by 24.76 percent from 295,459 units to 368,643 units while the sales of Road Prince motorcycles also increased by 29.58 percent from 108,990 units to 141,230 units.

Meanwhile, the sale of Road Prince three wheelers witnessed a nominal decrease of 1.97 percent from 10,320 units in last year to 10,116 units in fiscal year 2021 while the sale of Sazgar three wheeler increased by 27.62 percent from 12,274 units to 15,665 units.

The sale of Qingqi three wheelers has shown an increase of 45.45 percent by going up from 12,893 units to 18,753 units whereas the sale of United Auto three wheelers also rose 9.10 percent from 6,098 units to 6,653 units, the data revealed.

Previous articleSaudi PIF buys into McLaren as part of £550m equity raise
Next articleBank account holders taxed Rs66bn on profits in last fiscal year