Business

Automobile sales up by 41% in Year 2024-25

Published by

Digital Desk

1 year ago

ISLAMABAD: Automobile sales in Pakistan climbed by 40.99 percent in the first nine months of the current fiscal year 2024-25 as compared to the same months last year, according to recent data issued by the Pakistan Automobile Manufacturing Association (PAMA).

76,265 cars were sold during the review period, compared to 54,091 units in the same months last year, according to the data,

According to the split numbers, 11,460 Honda Civic and City vehicles were sold between July and March 2024-25, compared to 8,514 units sold between July and March 2023-24.

Toyota Corolla and Yaris automobile sales grew by 48.92 percent, reaching 15,980 units from 10,730 units, while Suzuki Swift sales increased by 57.45 percent this year, going from 3,586 to 5,891 vehicles.

Sales of the Suzuki Cultus fell to 1,984 units during the review period, compared to 2,803 units the previous year, while sales of the Suzuki WagonR fell to 1,705 units from 2,652 units last year.

Suzuki Alto sales increased by 37.91 percent from 22,683 to 31,284 units this year, while Suzuki Bolan sales increased to 3,168 units, up from 1,734 units in the same months previous year.

Meanwhile, in another development, the Islamabad Capital Territory (ICT) administration has issued a major update on vehicle transfer fees, announcing significant increases across all categories, from private and commercial vehicles to electric vehicles and motorbikes.

The notification refers to Rule 47 of the West Pakistan Motor Vehicles Rules 1969 and was issued under the authority of the Chief Commissioner, Islamabad.

The move is expected to increase government revenue and standardize vehicle transfer regulations, but it comes at a time when many citizens are already struggling with rising fuel and living costs.

The new fee structure will go live on April 14, 2025, and all transfers made on or after that date will be charged at the revised rates. The Ministry of Finance has directed that all new payments be deposited in the relevant head of account.

Digital Desk