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:
- PSMC (Pakistan Suzuki Motor Company) — 125,960 units
- Toyota Indus Motor Company (IMC) sold 54,768 vehicles.
- 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
