Pakistan’s car sales have shown signs of improvement after the dismal performance in the last quarter of 2023, where passenger vehicle sales remained below the 5,000 mark, they still experienced a slight decline compared to the corresponding period last year. As per the monthly sales data shared by Pakistan Automotive Manufacturers Association, the passenger vehicle sales in the country stood at 7,672 units in March 2024, a slight 6.1 downfall as compared to the units sold in the corresponding month last year.
While the automotive industries across the globe struggle with rising input costs, overall inflation, Pakistani buyers also have other challenges to tackle such as the poor state of economy lately, depreciating currency and charging of high taxes on vehicle purchases.

While there’s no comparison but to highlight the burgeoning Indian PV market despite facing challenges such as supply chain restrictions, rising input costs etc, more than 3.69 lakh cars were sold in the country on March 24. Domestic passenger vehicle sales reached 3,69,381 units in March, as per data released by the Society of Indian Automobile Manufacturers (SIAM). These numbers translate to over 12,000 cars sold daily. It also marked a substantial 10 percent growth as compared to the 3,35,976 units sold in the corresponding month last year.
It is evident that the competition among the automotive manufactures in the Southern Asia region is increasing and Pakistan has been struggling to keep up with the evolving dynamics. Indeed, several prominent manufacturers have already ceased their operations in the country, while others are rumored to be considering an exit if conditions fail to improve.
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