Pakistan March 2024: Honda overtakes Toyota

The Honda Civic is estimated to rank #2 in Pakistan in March.

New locally produced light vehicle sales in Pakistan edge up 0.3% year-on-year in March to 9,379 units. This is a poor result given March 2023 was off -65.6% on the year prior. The Q1 volume is up 14% to 29,624 sales. This is according to local association PAMA. Note not all manufacturers present in Pakistan are members of PAMA such as Kia, Changan and MG notably and therefore don’t appear in these statistics. Note Chery has recently stopped sharing sales data as well. Suzuki (-20.2%) disappoints but still leads the brands ranking by far at 43.7% share. The event of the month is the 2nd place of Honda (+162%), overtaking Toyota (-10.8%). Hyundai (-4.1%) and Sazgar Haval (+403%) round out the Top 5. Model-wise, below the Suzuki Alto (+14.9%) at 31.2% share, the Honda Civic (+226.7%) is estimated to rank #2 above the Honda City (+225.9%). The Toyota Corolla (+13.9%) retrogrades to #4.

Previous month: Pakistan February 2024: Market up 68.5% on devastated year-ago result

One year ago: Pakistan March 2023: Suzuki Alto back on top in market off -65.6%

Full March 2024 Top 8 All locally produced brands and Top 23 All locally produced models below.

Pakistan March 2024 – brands:

Pos Brand Mar-24 % /23 Feb 2024 % /23 Pos FY23
1 Suzuki 4,101 43.7% -20.2% 1 13,536 45.7% 49.4% 1 1
2 Honda 2,188 23.3% 162.0% 3 5,044 17.0% -2.5% 3 3
3 Toyota 1,705 18.2% -10.8% 2 6,503 22.0% -10.7% 2 2
4 Hyundai 802 8.6% -4.1% 4 2,414 8.1% -25.7% 4 4
5 Sazgar Haval 503 5.4% 403.0% 5 1,876 6.3% 135.7% 5 5
6 JAC 70 0.7% 233.3% 6 212 0.7% 46.2% 6 7
7 Isuzu 8 0.1% 700.0% 7 29 0.1% 31.8% 7 9
8 BAIC 2 0.0% -88.9% 8 10 0.0% -85.3% 8 8
9 Chery  n/a n/a n/a n/a n/a n/a n/a n/a 6

Pakistan March 2024 – models:

Pos Model Mar-24 % /23 Feb 2024 % /23 Pos FY23
1 Suzuki Alto 2,922 31.2% 14.9% 1 9,278 31.3% 196.4% 1 1
2 Honda Civic (est) 1,137 12.1% 226.7% 4 2,609 8.8% 31.8% 2 4
3 Honda City (est) 857 9.1% 225.9% 7 1,967 6.6% 31.6% 5 11
4 Toyota Corolla (est) 696 7.4% 13.9% 2 2,567 8.7% 19.6% 3 2
5 Toyota Yaris (est) 541 5.8% 6.5% 3 2,072 7.0% 16.2% 4 3
6 Sazgar Haval H6 503 5.4% 403.0% 5 1,876 6.3% 135.7% 6 15
7 Suzuki WagonR 367 3.9% -24.9% 13 823 2.8% -34.3% 9 10
8 Toyota Corolla Cross (est) 310 3.3% new 10 810 2.7% new 10  –
9 Suzuki Cultus 302 3.2% -36.4% 8 895 3.0% -17.9% 8 8
10 Hyundai Tucson 250 2.7% -34.2% 9 770 2.6% -54.9% 11 7
11 Suzuki Bolan 237 2.5% -69.7% 17 555 1.9% -61.2% 15 12
12 Hyundai Santa Fe 220 2.3% new 14 658 2.2% new 12 21
13 Honda BR-V & HR-V 194 2.1% -13.4% 18 468 1.6% -72.5% 18 14
14 Hyundai Porter 170 1.8% 13.3% 16 491 1.7% 14.5% 16 16
15 Suzuki Swift 141 1.5% -83.9% 6 1,356 4.6% -6.4% 7 5
16 Suzuki Ravi 132 1.4% -71.5% 11 629 2.1% -47.7% 13 13
17 Hyundai Elantra 92 1.0% -51.1% 19 313 1.1% -48.2% 19 17
18 Toyota Hilux (est) 87 0.9% -80.1% 12 581 2.0% -68.6% 14 6
19 Toyota Fortuner (est) 71 0.8% -80.1% 15 473 1.6% -68.6% 17 9
20 JAC X200 70 0.7% 233.3% 20 212 0.7% 46.2% 20 20
21 Hyundai Sonata 70 0.7% -40.7% 21 182 0.6% -64.0% 21 18
22 Isuzu D-Max 8 0.1% 700.0% 22 29 0.1% 31.8% 22 23
23 BAIC BJ40L 2 0.0% -88.9% 23 10 0.0% -85.3% 23 22

Source: PAMA

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