{"id":55885,"date":"2024-11-12T16:00:21","date_gmt":"2024-11-12T11:00:21","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=55885"},"modified":"2024-11-12T16:00:21","modified_gmt":"2024-11-12T11:00:21","slug":"pakistans-two-wheeler-industry-sees-significant-growth","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/automobile\/pakistans-two-wheeler-industry-sees-significant-growth\/","title":{"rendered":"Pakistan&#8217;s two-wheeler industry sees significant growth"},"content":{"rendered":"<p>KARACHI: Pakistan&#8217;s motorcycle and Rikshaw<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-introduces-three-installment-payment-plan-for-hajj-2025-details-inside\/\"> three-wheeler sales<\/a> witnessed a significant surge in October, with a 35% year-over-year increase, reaching 137,693 units compared to 101,976 units sold in the same month last year.<\/p>\n<p>This growth was accompanied by a 5.14% rise from the 130,960 units sold in September 2024. The first four months of the fiscal year saw a notable 23.43% increase in <a href=\"https:\/\/dailyausaf.com\/en\/business\/cement-sales-rise-almost-9-in-october-2024-due-to-higher-exports\/\">total sales<\/a>, reaching 457,880 units, up from 370,966 units sold during the same period last year. This upward trend indicates a robust demand for <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/two-new-polio-cases-in-kp-sindh-brings-tally-to-48-for-this-year\/\">two-wheelers<\/a> in the country.<\/p>\n<p>The<a href=\"https:\/\/dailyausaf.com\/en\/automobile\/toyota-indus-motors-temporarily-suspends-production-amidst-inventory-shortage\/\"> production sector<\/a> also experienced growth, with 136,926 units manufactured in October, marking a 27.88% increase from 107,078 units in October last year and an 8.16% rise from 126,597 units produced in September 2024.<\/p>\n<p>Honda maintained its dominance in the market, selling 115,293 motorcycles in October, capturing an impressive 83.73% market share. This represents a 4.68% increase from September and a 27.93% rise from October 2023. Other key players, including United, Sazgar, and Suzuki, also contributed to the growth.<\/p>\n<p>United sold 14,343 units, while Sazgar sold 2,401 units. Suzuki experienced a notable 6.49% month-over-month increase, selling 2,182 motorcycles in October, representing a 78.85% year-over-year jump.<\/p>\n<p>Industry experts attribute this growth to various factors, including increased consumer demand, improved economic conditions, and the availability of affordable financing options. As the economy continues to recover, the two-wheeler industry is expected to maintain its upward trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Pakistan&#8217;s motorcycle and Rikshaw three-wheeler sales witnessed a significant surge in October, with a 35% year-over-year increase, reaching 137,693 units compared to 101,976 units sold in the same month last year. This growth was accompanied by a 5.14% rise from the 130,960 units sold in September 2024. The first four months of the fiscal [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":47943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14342],"tags":[23924,23925],"class_list":["post-55885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-motorcycles-sales-surge-in-pakistan","tag-pakistans-two-wheeler-industry-sees-significant-growth"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/55885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=55885"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/55885\/revisions"}],"predecessor-version":[{"id":55889,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/55885\/revisions\/55889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/47943"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=55885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=55885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=55885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}