Pakistan car sales plummet to under 5,000: Indian carmakers sell more in less than 10 hours!

Pakistan’s automotive industry’s woes don’t seem to stop as the country recorded yet another sub-5,000 passenger vehicle sales in November, following a similar feat from the preceding month. In November, Pakistan’s car industry sold a meager 4,875 units, down by a massive 68 percent as against the 15,432 units sold in the corresponding month last year.The data was taken from thePakistan Automotive Manufacturers Association (PAMA).
There are several reasons behind the downfall of the automotive industry in Pakistan such as the rising input costs, overall inflation, declining demand due to poor plunging economy, currency depreciation, and imposition of high taxes on the purchase of vehicles.
To put things into perspective, Indian carmakers sold more units in less than half of a day. As per the data released by FADA, in November, the PV segment achieved a new peak as it clocked 3.6 lakh units which translates to over 500 cars sold per hour cumulatively across the country.

Pakistan’s car market is facing challenges, especially when compared to India’s thriving industry. This raises doubts about the future of the Pakistani automotive sector. Can it overcome its current difficulties and regain momentum? The future is uncertain, but one thing is sure: the automotive competition in South Asia is changing fast, and Pakistan is struggling very hard to keep up.
In fact, a host of manufacturers have recently decided to shut shops in the neighbouring country while on the other hand, notable global manufacturers such as Tesla, BYD, and GWM have explored opportunities to set foot in the rapidly growing automotive market in India.
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