The import limits on cars and bikes parts have been in effect for a year. Production, sales, and revenue for the sector have been steadily dropping since May 2022.
In May 2023, more bikes were sold, according to a recent data from Pakistan Automotive Manufacturer’s Association (PAMA). Over 87,133 units were sold by Atlas Honda, an 18.5% increase from the previous month.
Drop in Bikes Sales of Suzuki in May 2023
While Yamaha sold 1,114 bikes in April, a 32.5% MoM gain in sales, Pak Suzuki sold 820 motorcycles in April, a fall of 29.1% month-over-month (MoM). Additionally, sales for Chinese bike manufacturers increased by up to 81.4%.
Although the report does not specifically mention the cause of the fall, import restrictions and ensuing production halts are the most likely to blame factors.
The pricey bikes, according to some industry watchdogs, may also be to responsible for the drop in sales.
Despite rumors that imports into the auto industry will soon resume, it is likely that sales will remain subpar because of continued financial and operational challenges.
A second manufacturing shutdown that occurred last week seems to have put Pak Suzuki in serious trouble.
According to the official announcement, the assembly of motorcycles will be halted from June 12 to June 16.
Following the restart of bookings, Suzuki may raise the bike prices due to the dollar exchange rate’s current topsy-turvy condition.
To read our blog on “Yamaha gives installment plans for bikes with 0% markup,” click here.
