• Activities
    • Health
    • Education
    • Mobile
    • Sports
    • PSL
  • Economy
    • Auto Industry
    • Crypto Currency
    • Economy
    • Smart Devices
  • Tech
    • Startups
    • Social
    • Telecom
    • Technology
  • TechX World
+92 323 8324975
Friday, February 3, 2023
TechX Pakistan | Startups | FinTech | Crypto | EdTech | Reviews
Advertisement
  • Home
  • News
  • Premium Content
  • How To
  • Advertisement
  • Contact
  • About
No Result
View All Result
  • Home
  • News
  • Premium Content
  • How To
  • Advertisement
  • Contact
  • About
No Result
View All Result
TechX Pakistan | Startups | FinTech | Crypto | EdTech | Reviews
No Result
View All Result
  • Home
  • News
  • Premium Content
  • How To
  • Advertisement
  • Contact
  • About
Home Auto Industry

Kia and Changan remain among the top 5 automakers nationwide

Muhammad Kamal by Muhammad Kamal
January 16, 2023
in Auto Industry
Reading Time: 2 mins read
A A
Buy author a coffee
kia-and-changan-remain-among-the-top-5-automakers-nationwide

Other automakers have had a less fortunate 2022. According to a recent report, Kia Lucky Motor Corporation (KLMC) sold just over 15,500 units last year, a 31% decrease year on year (YoY).

Pakistan has experienced sky-highs and rock bottoms in 2022. The industry had record-high first-half sales and all-time low second-half sales.

The year also saw the introduction of some new vehicles, as well as the discontinuation of others. As a result of these developments, sales figures remained somewhat conspicuous.

‘The Big Three’ (Toyota, Honda, and Suzuki) remained at the top of the sales volume totem pole, with the following figures:

  1. PSMC (Pakistan Suzuki Motor Company) — 125,960 units
  2. Toyota Indus Motor Company (IMC) sold 54,768 vehicles.
  3. HACL (Honda Atlas Cars Limited) — 31,007 units

Other automakers have had a less fortunate 2022. According to a recent report, Kia Lucky Motor Corporation (KLMC) sold just over 15,500 units last year, a 31% decrease year on year (YoY).

Master Changan Motors Limited (MCML) fared better, selling 15,100 units in 2022 and experiencing a 1% year-on-year sales decline.

Hyundai Nishat Motors Private Limited (HNMPL) on the other hand, experienced solid growth, selling 12,686 units in 2022, representing a 42% year-on-year increase in sales. Despite this, its annual sales remained lower than those of KLMC and MCML.

Analysts believe that 2023 will be a slow year for the automobile industry as the government attempts to replenish foreign exchange reserves and prioritise imports of essential commodities.

Lucky Motor Corporation (Kia and Peugeot), Hyundai Nishat Motors, Al-Haj Automotive (Proton), Regal Motors (Prince and DFSK), Master Changan Motors, United Motors, Ghandhara Nissan Limited (Chery), and other companies were not present.

To read our blog on “KIA teases the Niro EV and Stinger Sedan in Pakistan,” click here

Tags: automobile industry ranking countrycar company ranking 2022car company ranking in worldcar ranking in world 2022new car manufacturers in pakistantop 100 automobile companies in world 2022top 5 selling cars in pakistan in 2022top 50 automobile companies in world 2022
Share50Tweet32Share9Send
Muhammad Kamal

Muhammad Kamal

Related Posts

toyota-imc-again-halt-production-for-2-weeks
Auto Industry

Toyota IMC again halt production for 2 weeks

by Asad Hassan
February 1, 2023
imc-again-increase-car-prices-yaris-worth-more-than-4M
Auto Industry

IMC again increase its car prices, Yaris worth more than 4M

by Asad Hassan
January 28, 2023
meet-the-xev-yoyo-a-3d-printed-electric-mini
Auto Industry

Meet the XEV Yoyo, a 3D-printed electric mini

by Muhammad Kamal
January 9, 2023
toyota-introduces-a-new-more-powerful-hilux-in-aus
Auto Industry

Toyota introduces a new, more powerful Hilux in AUS

by Muhammad Kamal
January 9, 2023
despite-the-downturn-govt-continues-to-import-luxury-vehicles
Auto Industry

Despite the downturn, Govt. continues to import luxury vehicles

by Muhammad Kamal
January 9, 2023

Follow Us

Promoted

hostingwalay-participating-in-cxo-global-summit-expo-in-islamabad

HostingWalay participating in CXO Global Summit in Islamabad

by Asad Hassan
January 18, 2023
0

Everyday living involves the use of technology, and our Pakistani IT entrepreneurs are using their expertise to make their communities...

Gitex makes its debut in Africa, holding its first exhibition in Morocco in May 2023

Gitex makes its debut in Africa, holding its first exhibition

by Bilquees Anwar
November 28, 2022
0

Gitex, Dubai's premier technology exhibition, said on Tuesday that it was expanding into Africa. The first Gitex Africa will be...

Welcome to GITEX GLOBAL

Are you ready for the biggest tech event? GITEX Global

by Bilquees Anwar
September 2, 2022
0

As the year started with the global tech rout, ongoing inflationary concerns, and the recent rebound, yet the tech industry...

TechX Pakistan, the official coverage partner of 21st ITCN Asia Karachi

TechX Pakistan, the official coverage partner of 21st ITCN

by Asad Hassan
August 19, 2022
0

The 21st ITCN Asia Karachi is a three-day technology exhibition and event with the goal of using technology to create...

Recent News

defence-expenses-must-cut-down-to-get-new-loan-imf

Defence expenses must cut down to get new loan, IMF

February 3, 2023
another-economic-crisis-occurs-after-pm-statement-on-imf

Another economic crisis occurs after PM statement on IMF

February 3, 2023
chances-of-petrol-to-gain-more-rs-30-in-coming-days

Chances of petrol to gain more Rs. 30 in coming days

February 3, 2023
us-nasdaq-gains-more-than-3-thanks-to-meta

US Nasdaq gains more than 3% thanks to Meta

February 3, 2023
1-5m-pool-prize-announced-for-two-competitions-in-leap

$1.5M pool prize announced for two competitions in LEAP

February 3, 2023
icc-awards-team-caps-are-officially-given-to-babar-azam

ICC awards & team caps are officially given to Babar Azam

February 2, 2023
Currently Playing

Presence of Pakistan, Connexion Lounge sponsored by @MinistryofITTelecomPakistan @GitexTechWeek

Presence of Pakistan, Connexion Lounge sponsored by @MinistryofITTelecomPakistan @GitexTechWeek

00:01:40

#ITCN Asia ’22 | 21st International IT and Telecom Show | Curtains Opened | TechX Pakistan

00:05:28

London Tech Week 2022 Highlights | #Pakistan #Software

00:02:58

#Zindigi Future Fest ’22 Curtains Opened | Day 01 Glimpses | Tour | TechX Pakistan

00:03:13

Wait is Over, ITCN Asia Pakistan Tech Fest 2022 is live now!

00:01:44

CXO Meetup Dubai by Tech Destination Pakistan - P@SHA x PSEX x MoITT

00:02:41

Workshop on IT Investment Opportunities by Tech Destination Pakistan

00:00:56

Pakistan Pavilion at GITEX Dubai 2021

00:01:39

#GITEX 2021 Curtains Opened | Day 01 Glimpses | 5G | Technology | Tour | TechX Pakistan

00:01:33

GITEX Technology Week 2020 by TechX Pakistan - Official Media Partner

00:01:27
TechX Pakistan | Startups | FinTech | Crypto | EdTech | Reviews

In 2019, Mohammad Owais took the initiative of launching the TechX Pakistan. It is a blog project by assessing the gap in Local Technology & Social blogging. It has one simple goal of creating awareness about latest technological development in the world and especially in Pakistan. We break news, cover interviews, seminars and exhibitions locally and internationally both, related to IT Startups, IT best practices, Businesses, Automobiles, Smartphone Technology and Social Media.

© 2022 TechX.PK - All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Premium Content
  • How To
  • Advertisement
  • Contact
  • About

© 2022 TechX.PK - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version